Ideanomics, Inc. Reports Impairment for the Third Quarter Ended September 30, 2023

Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobility’s business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energy’s business unit focuses on charging and energy-related products and services. Ideanomics Capital’s business unit focuses on providing financing support for the Company’s Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.