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Ideanomics' MEG Signs Strategic Partnership With Commercial Truck Service Linghao Zhitong 3000 To Extend MEG Services To Commercial Truck Customers

Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company") has today announced a strategic partnership with Linghao Zhitong 3000, the leading SaaS platform for shipping and logistics management

Benzinga · 12/11/2019 13:35

Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company") has today announced a strategic partnership with Linghao Zhitong 3000, the leading SaaS platform for shipping and logistics management in China. Under the terms of the agreement, Ideanomics' Mobile Energy Global (MEG) division will be the exclusive agent for truck purchasing and leasing services to Linghao Zhitong 3000's growing customer base, which is currently more than 230,000 trucks from over 1,000 fleet operators. Current growth forecasts for Linghao Zhitong extend that number of trucks to 300,000 for 2020 and reaching 500,000 by 2023.