Ideanomics' MEG Group Announces First Logistical Vehicle Orders

Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced that its MEG Group, in partnership with GCL as part of MEG's logistical vehicles segment, represents the first of a pipeline of logistical vehicle sales and financing for 2020. The order is for a total of 1,200 logistical vehicles and fulfilled by China-based EV manufacturer Jiangsu AOXIN New Energy Automobile Co., Ltd. through their X30L model, with the first 500 ordered in Q4, and the remaining 700 being ordered for Q1, 2020, for a total possible order value of 167 Million RMB, or approximately $24 Million.
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