Ideanomics To Provide Energy Procurement for China 5G Tower Projects and EV Charging

NEW YORK - June 2, 2020 - PRLog -- NEW YORK,  Ideanomics Inc. announced that Qingdao Enengju New Energy Sales and Service Co., Ltd. (Enengju), a wholly-owned subsidiary of Sun Seven Stars Investment Group (SSSIG)¹, has a signed a strategic cooperation agreement with Zhongsen Tower Communications Co., Ltd to build and operate new infrastructure projects, under which Ideanomics' Mobile Energy Global (MEG)  division will secure rights to provide electricity for projects which include 5G towers and new energy vehicle charging piles.

Zhongsen Tower is the leading 5G and IoT infrastructure service provider, offering a broad array of services including the build out of 5G tower infrastructure, as well as leasing and financing of supporting infrastructure. Its partners include leading telecom companies such as China Mobile, China Telecom, China Unicom, Datung Telecom, and Potevio. Its financial services and construction partners include State Development Bank, CITIC, China Life, China Agriculture Bank, China Merchant Bank, CSCEC, China Rail, and China Electric. As part of the agreement between Enengju and Zhongsen Tower, MEG's energy services division will provide the wholesale electrical energy supply required to power these projects.


About Ideanomics

Ideanomics is a global company focused on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.

The company is headquartered in New York, NY, and has offices in Beijing, China.

http://www.ideanomics.com