Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the adoption of commercial electric vehicles (“EVs”), together with InoBat Auto, the European pioneering supplier of premium batteries for EVs, plans to embark upon a phased investment project based in Indiana, USA, in three stages. The first stage of the project will focus on the opening a new R&D and production facility for battery module and pack assembly with an initial annual production capacity of 100 MWh. Both parties then aim to construct a full commercial-scale battery module and pack assembly plant with an initial 2-3 GWh yearly production capacity. “This partnership demonstrates our continuing effort to make EV the natural mobility successor,” said Alf Poor, CEO at Ideanomics. “It has been our mission to expedite the innovations needed to accelerate EV adoption. Our partnership with InoBat will secure future battery supply and create a force multiplier for technologies across our operating companies. This is another reflection of our commitment to boost clean technology job opportunities in the U.S.”
To view the full press release, visit https://ibn.fm/OFKTa
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, Ideanomics provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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