Ideanomics (IDEX, $2.41)to buy 2,000 vehicles from BYD Didi

On Monday, electric vehicle-technology company Ideanomics announced that its Mobile Energy Global unit and contractor Qingdao Chengyang Medici have signed a deal with Meihao Chuxing (a joint venture between China's BYD and Didi) to buy an initial 2,000 ride-hailing units of model BYD D1 electric vehicle. 

According to Ideanomics, the vehicles are intended to be deployed in multiple cities within China. It expects deliveries to start in the first half of 2021.

The BYD D1 was launched in November, and has a range of 418 km, or 260 miles, and can reach top speeds of 130 km an hour, or 81 miles an hour.

The agreement is backed by a viable government subsidy program, Ideanomics stated in a press release.