Ideanomics is pleased to announce that the Mobile Energy Global (MEG) division's activity from the period is starting on July 1, 2020, and ending on August 31, 2020.
FREMONT, CA: "Units Delivered" refers to vehicles that have been delivered to the customers, and Ideanomics has gained the delivery notes. "Units Invoiced (pending expected delivery)" refers to the customer orders where the sales invoices have been issued and units ordered are still pending on expected delivery. Delivery dates differ according to the kind of vehicle and manufacturer availability.
The US GAAP accounting treatment for the anticipated revenue from the orders mentioned above will not be finalized until the order transactions are completed. Consequently, the revenue might be reported on a Gross or Net basis, and some portion may be deferred to future accounting periods.
Ideanomics is a global company that facilitates commercial electric vehicles' adoption and supports next-generation financial services and fintech products. The company's electric vehicle division, Mobile Energy Global (MEG), offers group purchasing discounts on commercial electric vehicles, electricity, EV batteries, and financing and charging solutions; the company refers to this business model as the sales of funding to the setting (S2F2C). Ideanomics Capital offers fintech services that include intelligent and innovative solutions that is powered by AI and blockchain. Together, both MEG and Ideanomics Capital offer their global customers and partners more efficient solutions for a greener economy.
Ideanomics was featured in CFO Tech Outlook as one of the Top 10 Artificial Intelligence Solution Providers.
