GreenCarNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Solectrac Standing Distinct in EV Tractor, Accessories Market
Ideanomics (NASDAQ: IDEX) recently boosted its stake in Solectrac to 100%, acknowledging the importance of electric vehicle (“EV”) technology not only to transportation but also to the agricultural industry. “As such, Solectrac is advancing to a leading position in what is currently a limited field of competition within the specialized EV sector with a product that is fully scalable and able to generate revenue,” reads a recent article. Ideanomics announced July 1 that Mani Iyer, an agriculture and construction industry veteran, will serve as Solectrac’s new CEO, taking over from founder and former CEO Steve Heckeroth, who will continue with…