Ideanomics Inc. (NASDAQ: IDEX) Boosts EV Tractor Acquisition to 100 Percent, Anticipating Growing Potential for Environmental Awareness in Agriculture Industry

• Despite the worldwide economic difficulties imposed by the pandemic during the past year, new efforts at electric vehicle adoption are on the rise
• Ideanomics recently announced 100 percent acquisition of EV tractor manufacturer and distributor Solectrac Inc., which will grant it premium positioning in the agriculture industry’s growing interest in zero-emissions vehicles
• Ideanomics is also celebrating the launch of Technology Metals Market (“TM2”) trading using Nasdaq’s cloud-deployed matching technology for real-time pricing

Consumer interest in reducing the harmful effects of pollutants on the earth’s climate globally has led to a resurgence of electric-driven automotive technology in the world’s marketplace for private and commercial vehicles, nearly a century after the once-dominant electric vehicle industry became virtually extinct amid lower prices and mass production gains for gas-powered internal combustion engines (“ICEs”) (https://ibn.fm/1wJMo).

While the United States has lagged somewhat in electric vehicle (“EV”) adoption compared to China and Northern Europe, and the COVID-19 pandemic has had a detrimental effect on new automotive sales this past year, the overall number of EV registrations in the United States still rose 36 percent during…

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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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