Ideanomics’ expansion in Asia is a foundation to grow globally when its EV department focuses to replace CO2 emitting vehicles with electric or hydrogen backed units in megacities. Its Medici Motor Works unit is working hard on bringing electric and hydrogenic heavy trucks to finish off the air pollution as it has a devastating effect causing global warming.
Tesla’s opponent Nikola already has heavy trucks that can move by electric battery and hydrogen fuel cell while other brands are on the way to present their newly designed models. Currently, there is no massive manufacturing happening in Nikola’s factories as not many orders coming from interested parties.
Soon several governments could consider boosting a number of imported zero-emission heavy trucks to save their cities from air pollution. Hence, Ideanomics will be a central figure that will distribute ordered units, gradually expanding zones of influence.
Nikola is like Tesla in zero-emission truck manufacturing and this year its stock might surpass $100 easily unless the struggle for clean air and environment ceases.