Latest News
Ideanomics Rounds Out NEVC Offerings, Updates Unit Name to New Energy Transportation Services Group (NETS)
Ideanomics Inc. (Nasdaq: IDEX) has today announced the formation of New Energy Transportation Services Group (NETS), a service company proving comprehensive and commercial solutions that include Marketing, Financial Services, Technology and Infrastructure for the New Energy Transportation Services industry with.
This newly-formed group will be domiciled in Singapore to embrace the global business ex-China, beginning with Malaysia and the other ASEAN countries. From Asean, the company plans to expand its substantial commercial offerings into other regions, including North America and Europe, to develop and support cleantech commercial vehicle markets. The NETS Group is focusing its full-service model of ‘Sales-to-Financing-to-Charging networks (S2F2C) in efforts to support the full value chain of the cleantech commercial vehicle industry. As the new energy transportation markets continue to gain momentum globally, we expect our sales from the NETS Group to grow significantly by the end of 2020 and with it the potential to spin-off what is anticipated to a highly profitable division to create additional shareholder value.
According to a recent Bloomberg New Energy Finance (BNEF) report “…commercial electric van and truck sales are set to accelerate in the 2020s,” and “By 2040, it’s expected that 56% of light commercial vehicle sales and 31% of medium commercial vehicles in China, the U.S. and Europe to be electric.”
The NETS Group is positioning to become a global leader in the sourcing, sales, and debt and equity financing of global new energy transportation solutions; to help streamline the adoption of cleantech commercial vehicles, and associated infrastructure, and to support the rapid adoption of new energy passenger vehicles, globally.
The NETS Group competitive advantage will be improved pricing through volume discount from factory to customer direct group-based purchasing, improved financing rates and availability, and will have the ability to procure a full range of vehicles from a variety of manufacturers through a single point of service in ASEAN, European, and North American markets.
“Having recently began to refer to this business unit as the NEVC Group, we took a step back and considered what additional services and solutions we needed to round out the offering,” said Alf Poor. “With the continued interest in light rail and heavy municipal vehicles, such as garbage and fire trucks, as part of our audience’s transportation planning objectives, we understood that a full-service solution would need to include light rail, and the power infrastructure required for the different forms of new energy transportation from rail to the fast-charging networks needed to support the different types of commercial vehicles required for tomorrow’s transportation needs.”
The NETS Group continues to expand and grow its new energy commercial vehicle strategic industry alliances within the new energy commercial transportation ecosystem with partners and market leaders such as JAC, Beijing Foton, Yinlong, and BYD. The NETS Group will continue to grow this alliance and add new strategic partners and market leaders, and grow its offerings, enterprise operational tools, and commercial support to fuel the fast and growing demand.
“Technologies such as Artificial Intelligence will play an increasingly import role the New Energy Transportation Services industry. Our world-class AI offerings from our subsidiary ‘Intelligenta’ will support this commercial level smart integration needed for a successful go to market strategy,” said Poor.
The NETS Group plans to leverage its full-service model with all stakeholders involved in transportation planning, from local, regional, and national governments, through to private enterprise groups supporting travel and tourism. This will help to establish a cost-efficient underwriting model that will provide a streamlined path for the adoption and transformation to cleantech from urban transportation’s current reliance on fossil fuels.
SOURCE Ideanomics
Blockchain
LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape
Blockchain
Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws
bybit lucky
Blockchain
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days ago
Bridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days ago
HTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain7 days ago
Loan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days ago
Building Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)