GreenCarNewsBreaks Archive - Page 44 of 57

MondayAug 02, 2021 1:31 pm

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Announces Strategic Investment in Prettl Electronics Automotive, Executive Chairman Appointment

Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that it has made a strategic investment in Prettl Electronics Automotive (“PEA”). According to the update, PEA is a business unit within the Prettl Group, a large German industrial company that manufactures and distributes components and systems for the automotive, energy and electronics industries. The deal terms include a strategic investment of €7.5M (~$9M) for a 30% ownership stake, under which Ideanomics will receive exclusive sales and distribution rights for PEA charging infrastructure products and solutions in North America. In addition,…

FridayJul 30, 2021 11:54 am

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…

WednesdayJul 28, 2021 10:02 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Updates Shareholders, Announces Registration Statement for Proposed Merger Declared Effective by SEC

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., has shared key updates with shareholders. Earlier this year, the company purchased more than 100 acres along with a 120,000-square-foot facility, which will become the company’s Advanced Engineering and Manufacturing Center and Proving Grounds (“AMEC”); the property is located in Tunica, Mississippi. The company intends to construct a 700,000-square-foot body shop, paint shop, warehouse and test track to complete an automotive campus with more than 820,000 square feet of building space and the…

ThursdayJul 22, 2021 12:31 pm

GreenCarNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Accomplished Team Poised to Develop, Commercialize Industry Changing Transportation Solutions

Ideanomics (NASDAQ: IDEX) was pleased to see Dr. Abas Goodarzi, its newly appointed chief scientist and US Hybrid CEO, recognized with the well-deserved Institute of Electrical and Electronics Engineers (“IEEE”) Power Electronics Society (“PELS”) Vehicle and Transportation Systems Achievement Award. Dr. Goodarzi, an industry veteran with 38 years of experience in the electric, hybrid and fuel cell industries, was recognized for his contributions to the advancement of electric powertrains for medium and heavy duty vehicles. A recent article quoted Ideanomics CEO Alf Poor as saying, “He has done, and continues to do, so much to advance the transition to a…

FridayJul 16, 2021 10:47 am

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Schedules Call to Discuss Q2 2021 Earnings

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, will be hosting an earnings call and webcast. The event, which is scheduled for Aug. 16, 2021, will focus on the company’s second-quarter financial results, which will be released that same day at 4 p.m. ET; the conference call will begin at 4:30 p.m. ET. During the call, Ideanomics executives will present key information. The call will also have time set aside for a Q&A session. Interested parties can participate on the call by dialing toll free in Canada and the United…

ThursdayJul 15, 2021 11:59 am

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Driven to Sustain Next-Gen Solutions for World’s Energy Consumption

Ideanomics (NASDAQ: IDEX) announced June 14 that it had boosted its stake in California-based zero-emission electric tractors manufacturer and distributor Solectrac Inc. to 100% ownership. According to a recent article, not only did this move highlight applications of electric vehicle (“EV”) technology in the agricultural industry, “but also showcased Ideanomics’ drive to sustain next-generation solutions for the world’s energy consumption and living standard equity difficulties.” Solectrac has limited competition in the electric tractor market in North America, granting it a significant head start within the industry. Its premium electric tractor lineup is fully scalable and market-ready to generate revenue in…

WednesdayJul 14, 2021 11:29 am

GreenCarNewsBreaks – DSG Global Inc. (DSGT), IMC Showcase Impressive, Diverse Product Line

DSG Global (OTCQB: DSGT) and its subsidiary Imperium Motor Company (“IMC”), an EV sales, manufacturing and marketing company, unveiled more than two dozen electric-powered vehicles at the grand opening of the Imperium Motors Experience Center in Fairfield, California. Available vehicles include high-, mid- and low-speed cars, trucks, SUVs, vans, buses, and scooters. “Designed to create interest in IMC’s impressive line of EVs, the event encouraged attendees to drive and ride in 25 different electric-powered units. Unlike many companies jockeying for position in the EV space, IMC has existing models and inventory already on hand, ready to be sold. This means…

ThursdayJul 08, 2021 12:06 pm

GreenCarNewsBreaks – DSG Global Inc. (DSGT) Announces Plans for Automotive Division to Deliver Vehicles on Grander Scale

DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in rapidly growing market sectors, together with its automotive division, Imperium Motor Corp., today announced preparation of vehicles for sales from partners Skywell Auto and Jonway Automotive Group in the coming months. “The company is finally in a position, with increasing production and inventory, regular shipments and proper lines of credit with the various manufacturers to begin delivering vehicles on a grander scale,” said Rick Curtis, CEO of Imperium Motors. “The current backlog is being processed and the company anticipates deliveries to individuals, fleets, dealers…

ThursdayJul 08, 2021 10:48 am

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) a ‘True Powerhouse in the Commercial EV Sector’

Ideanomics (NASDAQ: IDEX) recently completed the acquisition of 100% of privately held US Hybrid, heralding entry into the burgeoning EV powertrain market that is expected to grow at a 16% CAGR between 2020 and 2027. US Hybrid manufactures and sells electric powertrain components and fuel cell engines for medium and heavy-duty municipality vehicles, commercial trucks, buses, and specialty cars. The company welcomes US Hybrid CEO Dr. Abas Goodarzi, Ph.D., PE, and his entire team, with the acquisition expected to bring synergistic benefits to the various companies under the Ideanomics Mobility umbrella. A recent article quoted Dr. Goodarzi as saying: “Ideanomics…

TuesdayJul 06, 2021 1:00 pm

GreenCarNewsBreaks – DSG Global Inc. (DSGT) Continues to Break Sales Records

DSG Global (OTCQB: DSGT) and its Vantage Tag Systems (“VTS”) brand were selected as the fleet-management solution provider for 15 new golf courses. “The contracts for the courses, which are located in the United States and abroad, total almost $988,000 and provide an ongoing revenue stream for DSGT from service and maintenance agreements,” reads a recent article. The new contracts, received during Q2 2021, include 1,040 total units of the VTS Infinity, Text and Tag System. The company plans to install the systems as inventory arrives, with completion slated for this summer. Notably, these new orders do not include orders…

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