#EVs are Expected to Represent
Nearly Half of all Passenger #Cars Sold Globally by 2030- (NASDAQ: $IDEX)
(NASDAQ: $TSLA) (NYSE: $NIO) (NASDAQ: $AAPL) @ideanomicshq @Tesla
@NIOGlobal @Apple
Point Roberts WA, Delta BC, February 17, 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/02171IEVs-Passenger-Cars-Sold-2030.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
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