#EV and #Fintech Convergences with Innovative Disruptions, A New Era
Unfolds in the World’s Economy - (NASDAQ: $IDEX) (NASDAQ: $TSLA) (NYSE: $NIO) (NASDAQ:
$AAPL) @ideanomicshq @Tesla @NIOGlobal
@Apple
Point Roberts WA, Delta BC, February 16, 2021 – Investorideas.com, a global news source
and leading investor resource covering renewable energy and fintech stocks.
Presents a two sector snapshot featuring Ideanomics (NASDAQ: IDEX), looking at how innovative
companies are blending EV and fintech technology including cryptocurrency, to
lead investors and consumers into a new era in the 21st century.
Read this article featuring
IDEX in full at https://www.investorideas.com/news/2021/cleantech-climatechange/02161IDEX-TSLA-NIO-AAPL.asp
Business Today reported, “The global sales of EVs in 2020
increased by 39 per cent year on year to 3.1 million units, where the total
passenger car market declined 14 per cent. Research firm Canalys forecasts the
number to climb in the coming years with 30 million EVs to be sold in 2028. EVs
are also expected to represent nearly half of all passenger cars sold globally
by 2030.”
Finances Online reported that in 2019, 64% of consumers have used
two or more fintech services or platforms.
Creating a blueprint
for this new blending of technologies, Ideanomics (NASDAQ: IDEX) is focused on the
convergence of financial services and industries experiencing technological
disruption and with its Mobility
and Capital divisions . These divisions are operative
service providers with Ideanomics Mobility facilitating the adoption of
electric vehicles with commercial fleet operators with procurement, batteries,
insurance, rebates, and lease financing, while Ideanomics Capital focuses on
disruptive fintech solutions for the financial services industry.
According to a recent article in finsmes.com, “Specialists are
expecting Fintech to reshape legacy-dominated financial services and open doors
to many new fields. And the auto finance industry is probably going to be the
next major thing in Fintech “
Continuing with its
growth by acquisition strategy Ideanomics recently completed an acquisition of
U.S.- based Timios Holdings, a leading fintech property title and
settlement solutions provider.
Timios has been
improving the real estate transaction experience for buyers, sellers and
professionals since 2008 and currently has 285 employees and operates in 44 states
and has booked over $68 million in revenues in 2020.
Ideanomics’ has diversified
its global footprint in a number of different countries. For instance,
Ideanomics recently increased its ownership stake in Solectrac a California company which designs
battery-powered tractors for the agriculture industry.
And in China,
Ideanomics signed an agreement to purchase 2,000 BYD’s D1 model electric ride-hailing (like
Lift & Uber) vehicles. (BYD is China’s #1 EV manufacturer)
Furthermore,
Ideanomics is the majority owner of Treeletrik an approved electric bike and
specialty vehicle manufacturer and distributor located in Malaysia which hired
a former Volkswagen Executive as CFO.
Back in the USA Ideanomics Mobility also
acquired 100% ownership of revenue generating WAVE a Utah based wireless charging company.
As Ideanomics prepares to launch its Medici Motor Works EV trucks
and specialty vehicles into
North America market President Biden Announced Plans to
Update Federal Vehicle Fleet with US-made EVs
Ideanomics Inc Medici Motor Works Video
https://www.youtube.com/watch?v=V0g6RJ3m5Ik
World renowned Tesla,
Inc. (NASDAQ: TSLA), a tech company at heart, is the
current global leader in electric vehicles in January reported, “In 2020, we produced and delivered half a million
vehicles, in line with our most recent guidance. In addition, Model Y
production in Shanghai has begun, with deliveries expected to begin shortly.”
Tesla, according to its website “also offers
leasing and/or loan financing arrangements for our vehicles in certain
jurisdictions in North America, Europe and Asia through various financial
institutions.”
Always an innovator and ahead of the curve, Tesla
recently turned heads with headlines that it had entered into the
cryptocurrency market by purchasing $1.5 Billion and announcing in their 10K
that it will “begin accepting bitcoin as a form of payment
for our products in the near future.”
NIO Limited (NYSE: NIO), a pioneer in
China’s premium smart electric vehicle market, provided its January 2021 delivery results.
From the News: NIO delivered
7,225 vehicles in January 2021, a new monthly record representing a strong
352.1% year-over-year growth. The deliveries consisted of 1,660 ES8s, the
Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,720
ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and
2,845 EC6s, the Company’s 5-seater premium electric coupe SUV. As of January
31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 82,866
vehicles.
The Company also has plans to expand and go global
in the second half of this year.
The market is already speculating if NIO will buy
Bitcoin with headlines coming out -
Will NIO Follow in Tesla's Footsteps and Buy Bitcoin?
You can’t mention tech, fintech and electric cars
without the future of the Apple Car. From their
site: ‘Perhaps Apple's worst kept secret, the "Apple Car" is being
developed for a 2024 or later release. Rumors speculate that it will be a fully
featured self-driving electric vehicle that will compete with Tesla and other
EVs. Apple could partner with other popular manufacturers like Hyundai or BMW,
or seek another option.’
The street has been talking how Apple (NASDAQ: AAPL) is poised to
be part of the crypto revolution. RBC Capital Markets, in a report says
“Apple’s install base is 1.5 billion, and even if we assume only 200 million
users would transact, this is 6.66x larger than Square,” according to the
report. “Therefore, the potential revenue opportunity would be in excess of $40
billion a year (15% incremental top-line opportunity).”
News broke on Friday, February 12th that
BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment
services announced that US cardholders of the BitPay Prepaid Mastercard can add
their card to Apple Wallet™ and spend with Apple Pay®. With Apple Pay®, BitPay
cardholders can make secure purchases in stores, with apps and online. In
addition, customers waiting on delivery of their plastic card can add their
virtual card to Apple Wallet via the BitPay Wallet app and can start spending
immediately. Support for Google Pay and Samsung Pay is planned for later this
quarter.
We are witnessing this evolution at a rapid speed
and investors are seeing some of the biggest gains in a short period of time in
the cleantech space. With President Biden’s new initiatives and mandates for
lower emissions, and global consumers growing demand for EV’s, the addition of innovative
fintech will help accelerate future growth.
For investors following renewable energy and EV stocks,
visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party
news, research and original financial content. Learn about investing in stocks
and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech,
water, renewable energy and more. Investor Idea’s original branded content
includes the following podcasts and columns : Crypto
Corner , Play by Play sports and
stock news column, Investor Ideas Potcasts Cannabis News and Stocks on
the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions. Disclosure this article
featuring IDEX is a paid for service (2000).More disclaimer
and disclosure
info. Learn more about publishing your news release and our other news
services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
and tickertagstocknews.com Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and
Android
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Contact Investorideas.com
800 665 0411
Posts
No comments:
Post a Comment