The global financial services provider Ideanomics has entered into a 50/50 joint venture (JV) with Business Big Data PTE, Ltd./Seasail Ventures (BBD) to create an investment company focused on new infrastructure projects in China.
- The seven key development areas for new infrastructure construction are: 5G, UHV, intercity highways and intercity rail transit, new energy vehicle charging stations, big data centers, artificial intelligence, and the industrial Internet.
- The investment company will develop an AI-enhanced China New Infrastructure bond product, introduce capital, and fund advisory.
- The investment company will utilize BBD’s leading AI intelligence technology to provide risk management and selection models for equity and fixed-income products.
- Its bond product will be the first fund of its kind that enables investors to access value in China’s new infrastructure growth.
In May 2020, Ideanomics, MEG division has announced an agreement with Beijing Xinneng Green Intelligent Network Technology Co., Ltd. (BXGI) to help finance the replacement of its urban fleet with electric vehicles (EVs) in China over the next five years, starting in 2020. The Group’s fleet operations consist of more than 100,000 city buses. Upon conversion to EVs, it is estimated that this fleet will require a significant charging port infrastructure to accommodate the energy demand to power its EV fleet operations.
April 2020, Ideanomics, is pleased to announce that the Qingdao City Construction Investment Group Limited (QCCIG) has entered into framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited (SSSIG) to raise up to USD 7 Billion fund to finance investment projects in Qingdao and Shandong Province.
March 2020, Ideanomics, is pleased to announce as follow up to our partnership with the City of Qingdao and in conjunction with our MEG Group subsidiary, Qingdao Mobile New Energy Vehicle Sales Co. Ltd., activities of its flagship sales, support, and maintenance center in the City of Qingdao.
Ideanomics, headquartered in New York, the USA, focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services. The company has two division- electric vehicle division Mobile Energy Global (MEG), provides discounts on commercial electric vehicles purchase, EV batteries and electricity as well as financing and charging solutions and financial service division Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain.