Solectrac Announces Strategic Reorganization to Further Amplify Electrification Efforts and Enhance Customer Support [Yahoo! Finance]
Ideanomics, Inc. (IDEX)
Company Research
Source: Yahoo! Finance
Ideanomics Photo Windsor, CA, March 27, 2024 (GLOBE NEWSWIRE) -- Solectrac, a leader in the electric tractor industry and a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX), today announced a strategic reorganization and shift in its business model. The California-based distributor of electric tractors, recognized as an innovator in regenerative agriculture through its B Corp certification, is refocusing its efforts from expanding its dealer/distributor network to prioritizing direct-to – consumer sales and partnering with select dealers in key markets. This move is motivated by Solectrac's commitment to lead the transition to zero-emission regenerative agriculture and utility operations and aims to leverage government EV subsidy programs and cooperative purchasing agreements that incentivize electrification as part of the larger DTC strategy. Solectrac has been awarded e-tractor vendor status with two prominent national cooperative purchasing agencies: The Interlocal Purchas
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News
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5250(f)GlobeNewswire
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-KGlobeNewswire
- Solectrac Announces Strategic Reorganization to Further Amplify Electrification Efforts and Enhance Customer SupportGlobeNewswire
- Ideanomics Announces Fourth-Quarter and Full-Year 2023 Earnings Call Details [Yahoo! Finance]Yahoo! Finance
- Ideanomics Announces Fourth-Quarter and Full-Year 2023 Earnings Call DetailsGlobeNewswire
IDEX
Sec Filings
- 4/9/24 - Form 8-K
- 4/1/24 - Form NT
- 3/15/24 - Form 8-K
- IDEX's page on the SEC website