WAVE to Expand Utah Facility to Increase Manufacturing Capacity for High-Power Wireless Vehicle Charging

April 6, 2022

 WAVE, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX), and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today announced its facility expansion to accommodate the growing demand for its high-power wireless vehicle charging systems. Located across the street from the company’s current Salt Lake City headquarters, the new 12,000 square-foot facility will support WAVE’s expanding engineering, testing and production teams and provide more space for product line expansion. Employees will begin moving into the facility this week.