Time to explain. in the most monotone, bullet pointed way. This is simply meant to be informative, and yeah its going to look awful and not formatted well lol
Table of contents:
Chapter 1.) Their current Deals
Chapter 2.) Recent Acquisitions
Chapter 3.) Their other investments, and entities they absorbed (Treelectric, Soletrac, DBOT, Intelligenta, MMW and Logistorm.)
Chapter 1.)
Big Money To Be Made for Ideanomics (IDEX)
A.) The overall order is broken into three order types, comprised of 3000 units of heavy haulage transportation vehicles, and 800 passenger-class cars= ~ $250 million
Source:
https://www.networknewswire.com/newsarticle/?qmstory=5971871646501604
B.) Ideanomics' MEG Signs a Framework Strategic Agreement with Smart Travel Technology Leader, Qinou Group.
> MEG and Qinou Group project sales of 30,000 units by 2023 = ~ $562 Million
> For 2020, MEG and Qinou Group project up to 5,000 units = ~ $91 Million dollars
THESE ARE ONLY PROJECTIONS
C.) Ideanomics has a 3 year contract worth 5.1 Billion dollars USD that is not expected to expire until 2021.
https://seekingalpha.com/news/3389440-ideanomics-signs-6b-deal-chinas-leading-auto-financing-company
https://news.futunn.com/stock/5323305?src=3
D.) Ideanomics MEG Announces Order From Beijing Silk Road Rainbow Car Rental. The order is for 5,000 full size electric buses.The vehicles will be procured from a number of manufacturers within MEG’s partner alliance and will be subject to a rolling delivery schedule throughout 2020 until 2022 = ~ $575 Million USD
E.) Ideanomics MEG Announces Order from Sichuan Shenwu Yunli Transportation. Order is for 2,000 8x4 meter heavy trucks, for construction project use. Multi-year order is subject to lease financing via MEG and order fulfilment runs through 2022 / 2023. The vehicles will be procured from a number of manufacturers within MEG's partner alliance and will be subject to a rolling delivery schedule throughout 2020 and beyond. = ~ $215 Million USD
F.) Ideanomics' MEG Signs Agreement with Beijing Xenning Green for EV Procurement and Financing. Deal includes procurement of more than 100,000 buses over five years. MEG to establish a financing fund in Q3 to facilitate EV bus purchases. Deal also includes energy sales to power EV bus fleet. = ~ USD 113 million and 140 million initial funding; Should show up in Q3 report!
Source:
G.) Ideanomics signs MoU with Beijing Foton Motor Company; Definitive Agreement to Follow. = ~ 1.5 billion USD over two years.
H.) Under the terms of the deal, SSC, through its global strategic alliance network, will provide two distinct financing campaigns, one in China and the second across global markets. For the China-based financing, SSC will conduct financing activities through the sale of fixed income products to raise 60 Billion RMB (approx. $8.75B) over three years (an average of 20B RMB / $2.9B per year). For the global markets financing activities, SSC will exclusively provide both fixed income and asset digitization products to raise $15B over three years (an average of $5B per year).
3 years from 2018 = 2021
I.) 800,000 Busses by end of 2022!!! Thats some big money!
NEW YORK, Jan. 23, 2019 Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a leading global fintech and asset digitization services company, is pleased to announce it has entered into a joint venture agreement with Beijing Central Finova Financial Service Co., Ltd. (BCF) to become the exclusive agent for their electric tour bus conversion business, currently targeted to convert up to 800,000 tour buses in China by end of 2022.
J.) Ideanomics' electric vehicle division MEG to benefit from US $7B financing plan in China.
K.) They work with Warren Buffer backed BYD. Made a deal for 2,000 D1'S
Chapter 2) Lets talk about their recent Acquisitions
First up on the list. WAVE
U.S. Department of Energy Selects WAVE Drayage Electrification Project with Groundbreaking Wireless Inductive Charger to Support Battery Electric Drayage Trucks
Simple; Government Contracts for Ideanomics through WAVE
Source:
https://waveipt.com/wave-drayage-electrification-project/
Oh; And WAVE had more revenue than Blink charging
Second up: Timios
This one is super simple:
1 Billion Dollars per month in closing transactions values
Source:
https://www.timios.com/
Chapter 3:
Treelectrik: They own 51% which is the only licenses EV manufacture in Malaysia. The ASEAN market is 650 million people
Logistorm: 10% invest, and this gives IDEX the power to nominate one director to the Board of Directors of Logistorm. Logistorm is formed through the merging of four operating businesses with ongoing revenues, generated by acquisitions, of 12B RMB (1.8 Billion USD) for the next three years. (Logistorm will help with AI related stuff later)
Soletrac: Very, VERY, few Agriculture companies are developing electric equipment for Agriculture business. Electric tractors are poised to disrupt the $75 billion global agricultural tractor industry
Intelligenta: This looks like a possible Autonomy/Self Driving play by IDEX. (Speculative I know) It could also be used for their fintech side.
DBOT: not important in my opinion.
Source:
https://ideanomics.com/divisions/ideanomics-capital/dbot/
Medic Motor Works: (Coming soon). This will be their own brand of cars. They are planned to be revealed this year.
The greatest comeback in NASDAQ history
Alf Poor said the real money is to be made in the EV Charging Industry not the Manufacturing of EV cars. That is his focus. He believe the EV Manufacturing industry currently is too competitive with startups popping up all over in addition to some big names changing over to EV"s. Keep this in mind.
This company is still in Start up phasing. They are raising capital in various ways, and still making acquisitions. Nothing much has been said on the MMW (Medici Motor works) aspect of them.
1.) I am not human *(Lol/ This is sarcasm for no rhyme or reason)*
2.) This is all opinion based
3.) I am not a stock analyst or stock advisor
4.) This is suggestive, a suggestion, an explanation on why I like this stock.
5.) It is up to you to decide what to do using this information. I am simply just sharing the DD, and research and giving my opinion.
6.) In my opinion, I see this stock being over 100+ in 5 years. 2 years at the shortest but that maybe too soon. Again, this is just my opinion. I am not a big brain guy lol.
7.) You can share this information anywhere you want. I do not want credit, and I do not care for taking credit. All this information can be easily looked up on the internet with a simple Google Search. Copy and paste to your hearts content.
Submitted February 04, 2021 at 09:15PM by TheUltimateSeiya https://ift.tt/3jnRiKb
