Ideanomics strengthened its position as a leading commercial electric vehicle and charging OEM by establishing in-house design capabilities. Ideanomics Design will shape the future of commercial EV solutions industrywide and strengthen Ideanomics' balance sheet by embedding a more cost-effective, efficient, and standardized design process across the organization. Ideanomics recently introduced its three verticals of Mobility, Energy and Capital, each accountable for managing the operational performance of the company's vehicle and charging brands.

Ideanomics Design is a change catalyst and integrator, working across verticals and brands to spur creative thinking as well as simplify and standardize the product design process. For example, Ideanomics Design is developing the physical branding and styling in collaboration with Energica and Solectrac on the design of Solectrac's new range of tractors. Essentially, combining the technology from the world's best electric motorcycle with the styling created by Ideanomics Design to make the new generation of Solectrac electric tractors even better.

Ideanomics expects three new tractors to be introduced to the market in 2023 -- all created under Ideanomics' new design philosophy.