The Company sources components and parts domestically and internationally, including EV motors and batteries, which require raw materials such as aluminum, copper, steel, ferrite, optical fiber, plastics, and other polymers. Some raw materials are obtained from a limited number of suppliers, and the Company may enter into long-term agreements to secure key inputs. Supply chain constraints experienced in 2021 affected manufacturing and delivery in 2022 and 2023, with potential impacts extending into 2024. Prices and availability of materials including lithium, aluminum, copper, plastics, silicon, and polymers have fluctuated significantly, affecting profitability and leading to price adjustments. The Company relies on sole suppliers for certain specialized components, such as capacitors, memory devices, and silicon chips. While supply contracts and contingency plans are in place to mitigate risks, these risks cannot be fully eliminated.
Ideanomics Inc's Comment on Supply Chain
The Company sources components and parts domestically and internationally, including EV motors and batteries, which require raw materials such as aluminum, copper, steel, ferrite, optical fiber, plastics, and other polymers. Some raw materials are obtained from a limited number of suppliers, and the Company may enter into long-term agreements to secure key inputs. Supply chain constraints experienced in 2021 affected manufacturing and delivery in 2022 and 2023, with potential impacts extending into 2024. Prices and availability of materials including lithium, aluminum, copper, plastics, silicon, and polymers have fluctuated significantly, affecting profitability and leading to price adjustments. The Company relies on sole suppliers for certain specialized components, such as capacitors, memory devices, and silicon chips. While supply contracts and contingency plans are in place to mitigate risks, these risks cannot be fully eliminated.
Sources:
Ideanomics inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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