InvestorNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Solectrac Adds New Dealer Partnerships to Nationwide Network

Aug 2, 2022

Ideanomics (NASDAQ: IDEX) has announced that its subsidiary Solectrac, which makes electric tractors, has added dealers in Florida and Ohio to its growing network, which now includes seven dealers around the country; the two new dealers are Love Power Equipment in Florida and Specialty Tractors in Ohio. The company also noted that it anticipates partnering with more dealers in the coming months. Located in northern California, Solectrac has developed battery-powered, all-electric tractors designed for agriculture and utility use. The company assembles its electric tractors in Windsor, California, and recently announced a partnership with Nolan Manufacturing to support growing demand for its tractors in the East coast. The company is committed to offering farmers independence from the pollution, infrastructure, and price volatility associated with fossil fuels. “As more dealers continue to join our network and even more coming on board in the next couple of months, this heightens Solectrac’s reputation as a leader in providing alternatives to diesel engines for sustainable farming,” said Solectrac CE Mani Iyer in the press release. “One of our greatest recognitions is getting these award-winning tractors to dealers across the United States who sell to the hobby farms and municipalities looking to power their tractors with the same productivity and performance as diesel-powered options but using clean renewable energy sources.”

To view the full press release, visit https://ibn.fm/cWIs2

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, the company provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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