Solectrac, makers of electric tractors and an operating company of Ideanomics (NASDAQ: IDEX), today announced a partnership with Nolan Manufacturing. According to the update, the collaboration is focused on establishing an East Coast production facility to meet the increasing demand for electric tractors across the country. The Denton, North Carolina-based facility broadens Solectrac’s service for East Coast customers and reinforces the company’s continued nationwide growth. “As the demand for Solectrac’s electric tractors continues to increase, I’m excited about our persistent progress on the East Coast towards a more sustainable future and regenerative agriculture,” said Mani Iyer, Solectrac CEO. “With a 10,000-square-foot manufacturing facility, 57 acres and three new buildings, we are ramping up production quickly and will be able to deliver tractors to dealer partners expeditiously and provide more efficient services to existing customers. As we achieve full production capacity, we are focused on making hiring and training a top priority.”

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About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, Ideanomics provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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