Ideanomics Inc .: MEG signs purchase agreement for 2,000 units of D1, BYD’s bespoke electric ride-hailing vehicle


MEG’s Qingdao Medici signs a purchase agreement for an initial amount of 2,000 FISH of the BYD D1 model

BYD D1 is the world’s first tailor-made, fully electric car specifically for rideHailing with intelligent technologies, safety and comfort functions for driver and passengers

About the Didi ChuxingApp, passengers can rent this tailor-made online car in several cities

New York, December 28, 2020Ideanomics (NASDAQ: IDEX) (“Ideanomics“or the” Company “) announces that its company Mobile Energy Global (” MEG “) and its contractor Qingdao Chengyang Medici signed an agreement with Meihao Chuxing, a joint venture between BYD and Didi, to purchase an initial 2,000 FISHn of the BYD D1 model. The rideHailing– Vehicles are slated for use in multiple cities in China, with deliveries expected to begin in the first half of 2021.

“The D1 is a very well thought-out rideHailing-EV and is a culmination of the latest in design and technology to provide a comfortable travel experience for drivers and their customers. We are very happy to be with Meihao Chuxing and BYD to work together to promote sales of the D1, “said Alf Poor, Ideanomics CEO. “Supported by a viable government subsidy program, the proliferation of EVs in China is a testament to the value public and private partnerships can bring to major global challenges. We look forward to expanding these types of partnerships and adding more innovative vehicles such as the D1 to our taxi and rideHailing-Customers to introduce. “

A picture containing tree, car, outdoor, road

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Meihao Chuxing (Hangzhou) Automobile Technology Co., Ltd. was founded in 2019 as a 65/35 joint venture between BYD and Didi, with BYD holding the majority of the shares. The BYD D1 model, launched in November 2020, was jointly developed by BYD and Didi and is the world’s first tailor-made, fully electric car for rideHailing. The vehicles have the L2 Assisted Driving System, are connected to a fleet management system, the big one Fleet operators helps to track and optimize the operating status, real-time energy management and a variety of other safety and comfort functions. The BYD D1 is equipped with its latest blade battery (LFP chemistry) with a range of 418 km (260 miles) and can reach a top speed of 130 km / h (81 mph). Didi Chuxing advertises and promotes the rideHailing-Service in a number of Chinese cities. Passengers can order the tailor-made ride sharing service via the Didi app.

Please refer to the company’s 8k filings for additional key details of the agreement

About BYD

BYD Company Ltd. is one of the largest Chinese private companies. Since its inception in 1995, the company has quickly developed solid expertise in the field of rechargeable batteries and has become a tireless advocate of sustainable development, successfully expanding its renewable energy solutions worldwide and operating in over 50 countries and regions. The creation of a zero-emission energy ecosystem – comprised of affordable solar power generation, reliable energy storage, and modern electrified transportation – has made the company an industry leader in energy and transportation.

BYD is listed on the Hong Kong and Shenzhen stock exchanges. You can find more information about the company at

Ideanomics is a global company focused on bringing financial services together and industries experiencing a technological disruption. Our Mobile Energy Global (MEG) department is a service provider that promotes the adoption of electric vehicles by commercial fleet operators by providing services in the areas of vehicle procurement, financing and leasing as well as energy management solutions as part of our innovative S2F2C business model (Sales to Financing to Charging) offers. Ideanomics Capital focuses on revolutionary fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital offers our global customers and partners leading technologies and services to improve transparency, efficiency and accountability as well as ours Shareholders the opportunity to participate in growth industries with great potential.

The company is headquartered in New York (NY, USA) and has offices in Beijing, Guangzhou and Qingdao (China). Its operations span the United States, China, Ukraine and Malaysia.

This press release contains statements that may include “forward-looking statements”. All statements contained herein, other than statements of historical fact, are “forward-looking statements”. These forward-looking statements can often be identified by the use of forward-looking terms such as “believes,” “expects,” or similar expressions. They are subject to known and unknown risks and uncertainties and contain statements regarding our intentions to transform our business model into a next generation financial technology company; our business strategy and planned product offerings; our intention to phase out our oil trading and consumer electronics businesses; as well as potential future financial results. Although the company believes that the expectations expressed in forward-looking statements are reasonable, they are subject to assumptions, risks and uncertainties. These expectations can prove to be wrong. You should not place undue reliance on these forward-looking statements; they apply only as of the date of this press release. The company’s actual results could differ materially from those anticipated in any forward-looking statements due to a variety of risks and uncertainties. This includes risks related to: our ability to continue doing business; our ability to raise additional funding to meet our business needs; transforming our business model; Fluctuations in our operating results; the stress on our human resource management, financial systems, and other resources as we grow our business; our ability to attract and retain key employees and managers; Competitive pressure; our international operations; as well as other risks and uncertainties discussed under the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations“In our most recent at the Securities and Exchange Commission SEC filings are identified on Form 10-K or 10-Q, and similar disclosures in subsequent reports filed with the SEC, available at All forward-looking statements that can be attributed to the company or persons acting on behalf of the company are expressly restricted in their entirety by this risk warning. Other than as required by securities laws, the company undertakes no obligation to update these forward-looking statements.


Tony Sklar, SVP of Investor Relations

1441 Broadway, Suite 5116, New York, NY 10018

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Valerie Christopherson / Lora Wilson

Global Results Communications (GRC)

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The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the perspective of the translator, the message does not constitute a buy or sell recommendation! Please note the original English message on,, or on the company website!

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