Smartrick's Much Bigger MMW Prediction (IDEX 3.0)
Again not advice, my speculative DD do your own research, I did mine!
Welcome back to another Smartrick Pick, last week I released my Ideanomics 2.0 prediction with Ideanomics attempting to acquire SOCAL company Proterra. However, after researching Ideanomics more I’ve backed off that theory but I think I found a perfect match.
Back to the drawing board
After reading this tweet from the Professor I really was dishearted, it was my birthday and I thought I had found gold with Proterra. But if we know anything about the professor he is a gold mine of great information. So back to research, I went trying to find a connection I could to Ideanomics and Medici Motor Works coming to North America. After highlighting so many partnerships primarily in the manufacturing side of things I thought to try something different.
Much bigger than Proterra?
Proterra was estimated to be worth over $1 billion USD and for Ideanomics to acquire something that big it would take a lot of capital and the SEDA is only for $150 million USD.
Now I’m told its much bigger how?
Lion Bridge Capital
China International Capital Corporation (CICC)
Huaxi securities
Pacific Securities
Smartrick Comment about financial partners
It looks like these 4 companies are primarily tied to this business transaction which is ongoing, Pacific Securities, CICC, and Huaxi are the underwriters for additional funding for these large bus orders that Ideanomics has in the pipeline.
Harvest Global Investments
Harvest Global Investments (HGI) is one of the largest private investment funds in China with its assets undermanage (AUM) around ~$130 billion USD. HGI has multiple auto industry investments to include Didi Car, Jiangling Motors (JMC), and with AVIC auto purchased Michigan based Henniges Automotive.
Dr. Henry Xuejun Zhao chairman of HGI will act as an advisor to Ideanomics and will have a board seat on the Medici Motor Works board of directors.
Jiangling Motors (JMC)
A subsidiary of Jiangling Motors Corporation Group Co., Ltd. (JMCG) a state-owned vehicle manufacturer who holds assembly partnerships with many companies to include Ford, Changan, Renault, and Aiways.
JMC develops, designs, and launched new products synchronously with Ford and also among the first companies to get national certificates on IPR. Its independently developed Yusheng SUV and Carrying 800 won the “China’s Patent Awards for Best Design”; Carrying 800 also won the first prize of China's Automotive Industry Awards for Science and Technology. Ford owns 32% of this joint venture and JMC produces both its own and Ford branded products.
Hydrogen Connection
In September 2019, JMC launched a line of hydrogen-powered trucks powered by Singapore based Horizon Cell Technologies. Horizon is a privately held company that operates worldwide and is one of the largest hydrogen fuel cell producers. Founder George Gu started the company back in 2003 and the expansion of the company has been enormous in the past 17 years.
Not only does Horizon have offices in South Korea and Malaysia (two places Ideanomics operates and plan to use partners from) but this June Horizon subsidiary Hyzon Motors purchased two properties in North America.
HYZON Motors
HYZON Motors was established in the US in January 2020 as a spin-off from Singapore based Horizon Fuel Cell Technologies Pte Ltd. HYZON is a global supplier of zero-emissions hydrogen fuel cell-powered commercial vehicles, including heavy-duty trucks, buses, and coaches.
Headquartered in Honeoye Falls, NY and with operations in Europe, Singapore, Australia, and China, the company is led by Chief Executive Officer Craig Knight and Executive Chairman George Gu, who were part of the international team that built Horizon from 2003 to become a leading global technology provider in PEM fuel cells.
HYZON’s newly purchased US locations are a former Toyota plant in California and a former GM plant in New York. Since the acquisitions of these properties, no updates of NA operations have been published. The company has only talked about its operations in Australia and is expected to start producing vehicles by 2021.
Why it makes sense
Both companies prioritize Hydrogen technology
Horizon could benefit from extra capital as they’ve only run 3 rounds of private funding totaling only $17 million USD
Horizon and Ideanomics have ties to Malaysia, South Korea, and China
HYZON Motors and Medici plan to operate in the same markets of South Korea, the US, and Europe.
HYZON has been active in Australia operations most recently, a place where Ideanomics uses its blockchain technology to optimism shipping ports
Both companies run hydrogen institutes to improve and develop hydrogen technologies (both have Hyundai as partners in research)
There has been no talk of an IPO or SPAC type deal for HYZON