- Ideanomics ( NASDAQ: IDEX ) has formed a strategic partnership with the German company MAHLE, and will become the development partner and exclusive North American distributor for the chargeBIG 18-36 AC fleet charging solution.
- Customers can order the unit from the comapny beginning in Q2 2023, with first orders expected to be fulfilled in early 2024.
- Under the terms of the agreement, the company has exclusive rights for 5 years to distribute the chargeBIG 18-36 AC charging system under the Ideanomics Energy brand in North America.
- SA highlights that the stock is at high risk of performing badly due to decelerating momentum and inferior profitability when compared to other Industrials stocks.
- Quant rating of Strong Sell , while sell side analyst give the stock a Hold rating .
For further details see:
Ideanomics and MAHLE partner for advanced chargeBIG solution