InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Announces Expanded Collaboration for Hydrogen Conversion of Port Drayage Operations

Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (“EV”), today announced an expanded partnership between its subsidiary U.S. Hybrid and Toyota Tsusho America Inc. To accelerate the use of zero-emission hydrogen in port drayage operations, the parties are commencing the second phase of collaboration under which U.S. Hybrid will retrofit a second Top Pick Stacker, replacing diesel engines and drive trains with a new hydrogen fuel cell system. “This collaboration is special for me because Ideanomics gets to help create a better life for communities next to ports, where too many people are still breathing air full of toxic diesel pollution,” said Robin Mackie, president of Ideanomics Mobility. “The work doesn’t stop here. U.S. Hybrid is ready to help more port drayage fleet operators transition to zero-emission without breaking the bank or disrupting duty cycles. Few companies do what we do, and even fewer have the same proven track record of safe, on-time vehicle and equipment conversion.”

To view the full press release, visit https://ibn.fm/Lt31Z

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, Ideanomics is the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, 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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