Ideanomics MEG Announces Completion of Tianjin Zhongcheng Order
NEW YORK, June 26, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce that its Mobile Energy Global (MEG) subsidiary, Qingdao Ai Neng Ju New Energy Sales Company Ltd, based at its Qingdao EV hub has completed its order for Tianjin Zhongcheng Jiaye Automobile Trading Co., Ltd. (Tianjin Zhongcheng), which was recently announced on June 19, 2020.
In addition to the physical vehicle delivery, the financing, licensing, insurance, and vehicle registration plate administration are all complete. This allows for the issuance of PRC tax invoices, which can only be issued when an order is complete in its entirety. MEG has issued a tax invoice to Tianjin Zhongcheng finalizing the completion of this order.
As a recap, the order is for a total of 42 vehicles valued at RMB 31 Million, or USD 4.4 Million, or approximately USD 100,000 per vehicle. The order was fulfilled with Toyota Land Cruiser models and delivery was completed in the past few days. Images included in the press release are examples of the tax remittances with the bank account numbers redacted. The VIN numbers for all 42 vehicles are:
JTMHV01J4L5051276, JTMHV01J7K4282046, JTMHV01J7K5046328, JTMHV01J7K5047446, JTMHV01J7K5047835, JTMHV01J8K5047455, JTMHV01J8K5047536, JTMHV01J9K4285157, JTMHV01J9K5046377, JTMHV01J9K5046413, JTMHV01J9K5048503, JTMHV01JXK5046713, JTMHV01JXK5047473, JTMHV01JXK5048591, JTMHV01J6K5048507, JTMHV01J7K5048449, JTMHV01J7K5048533, JTMHV01J7K5048564, JTMHV01J0K4283720, JTMHV01J0K5045148, JTMHV01J0K5045599, JTMHV01J0K5046266, JTMHV01J0K5047031, JTMHV01J1K4281314, JTMHV01J1K4285511, JTMHV01J1K5045532, JTMHV01J1K5046759, JTMHV01J1K5047362, JTMHV01J1K5048446, JTMHV01J2K4281189, JTMHV01J2K5045426, JTMHV01J2K5046219, JTMHV01J2K5046902, JTMHV01J3K4286188, JTMHV01J3K4289088, JTMHV01J3K5044124, JTMHV01J9K5048386, JTMHV01JXK5045321,JTMHV01JXK5046324, JTMHV01J8K4288311, JTMHV01J9K5048436, JTMHV1J9K5048534
This most recent delivery will serve as the first of several order and delivery confirmations for the month of June 2020.
The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
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