Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, and its subsidiary Energica Motor Company are providing an update regarding the Energica facility located in Modena, Italy. According to the announcement, Energica has entered the third phase of its expansion plans, which calls for adding a 12,370-square-foot facility to the location; the new structure will be dedicated to Energica Inside, research and development, and prototype development and testing. Energica is the maker of the world’s leading high-performance electric motorcycle. The update also noted that the company is making progress on plans to expand its manufacturing and assembly facilities, including a target for automation designed to enable the electric motorcycle manufacturer to deliver on increased market demand. “From the beginning, Energica has been a crucial leader in Italy regarding EV recruitment and innovation,” says Energica Motor Company CEO Livia Cevolini in the press release. “Our reputation and know-how enables Energica to attract talented people from around the world who often choose to stay and build their career with us. We look forward to growing our facility, expanding our staff, and welcoming new people ready to make EV history.”
To view the full press release, visit https://ibn.fm/jDuLL
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, the company provides solutions needed for the commercial world to commit to an EV future. For more information about the company, please 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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