"EVs Are Going Full Speed Ahead"
Although the year just started, EV stocks are on fire. Some prominent EV players such as
Nio Inc NIO 0.47%,
Tesla Inc TSLA 0.51%, and
Niu Technologies NIU 6.09% have already gained more than 20% year-to-date.
Ideanomics Inc (NASDAQ:
IDEX) is ramping up its EV investments. Last week, the company reached a deal to acquire Wireless Advanced Vehicle Electrification, a provider of wireless charging solutions for medium- and heavy-duty electric vehicles. By the close of Friday's trading, Ideanomics' share price was up 5.9% after rising as much as 30.5% earlier in the day, with shares already up more than 56% so far in 2021. Additionally, the company just revealed it has completed its previously announced acquisition of privately held title and settlement firm, Timios Holdings Corporation, showing it is simultaneously investing in its fintech business unit.
https://www.benzinga.com/news/21/01/19144988/evs-are-going-full-speed-ahead