re: Whats the price target of Idex?

Here's another article detailing their EV operation. This part of their business has only been open since May 1. Just getting started.

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In the first five weeks of being operational, dealers at the center have received high levels of interest, Ideanomics said, and MEG has now sold 2,139 vehicles at the centre for a total of RMB 235 million or US$33 million.

The group told investors it was now optimistic it can achieve its previously stated RMB 1 billion (around US$141.2 million) sales target for full-year 2020.

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quote:

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"As MEG's partners strengthen their financial positions, management will gradually implement its fee model starting in mid-June. Note that the May and early June sales were primarily used vehicles, and that MEG will be charging commissions for electric vehicles (EVs) with the manufacturers' direct sale model," the company said.

"MEG's total financing solutions will be available starting in July, and with its high-profit margins, should make a meaningful contribution to the Center's profitability."

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LINK