Ideanomics and Ankai partner to develop hydrogen-powered buses

Ideanomics and Ankai partner to develop hydrogen-powered buses

Ideanomics Inc. has partnered with Anhui Ankai Automobile Co., to jointly develop new energy initiatives including hydrogen powered buses.

As well as hydrogen-powered buses, the two companies will also develop electric battery buses and charging stations.

The partnership will expand the service offering of Ideanomics’ NETS Group and will provide bus and tour bus operators with numerous benefits.

“We are very pleased to be partnering with Ankai, as part of our Bus and Tour Bus initiatives,” said Alf Poor, CEO of Ideanomics.

“This, along with our other manufacturing partnerships that have been recently announced, will help speed up the time-to-market for sales orders received, as well as help facilitate a rounded offering of small, medium and large buses required to service the different markets we are operating in.”

The two companies have also agreed to cooperate on sales and marketing activities in Malaysia and the ASEAN region, as well as Europe and the US.

“Our intentions with S2F2C (Sales to Financing to Charging) is to become the lynchpin for the electric vehicle and hydrogen bus markets, such that both manufacturers and the state-owned and private bus operators see Ideanomics as a one-stop solution for access to all of their vehicle procurement, financing, and charging station network needs.”

“Our immediate objectives with Ankai, and other manufacturing partners, is to establish a full value chin to support the Chinese government’s mandate for clean energy buses by 2020.”

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