• This 10,000 square foot facility at North Carolina allows Solectrac to expand its operations while continuing to expand its nationwide dealer network.
  • Nolan Manufacturing will produce Solectrac’s e25 electric tractors with additional models planned for future production.

WINDSOR, Calif., July 12, 2022 /PRNewswire/ — Solectrac, makers of electric tractors and an operating company of Ideanomics (NASDAQ:IDEX), today announced a partnership with Nolan Manufacturing establishing a production facility on the East Coast to meet growing demand for electric tractors across the country. The 10,000 square foot facility at Denton, North Carolina expands Solectrac’s service to East Coast customers and strengthens the company’s continued growth nationwide.

Since Acquisition of Ideanomics in June 2021Solectrac has grown considerably, adding several dealerships across United Statesincluding three recently added on the east coast in Alabama, Florida and Georgia. The partnership with Nolan Manufacturing increases Solectrac’s production capacity to support its growing dealer network. Nolan Manufacturing’s main production is the Solectrac e25 electric tractor, with additional models planned for future production.

“As demand for Solectrac’s electric tractors continues to grow, I am excited about our continued progress on the East Coast towards a more sustainable future and regenerative agriculture,” said Mani Iyer, CEO of Solectrac. “With a 10,000 square foot, 57 acre manufacturing facility and three new buildings, we are rapidly ramping up production and will be able to quickly deliver tractors to dealer partners and provide more efficient services to existing customers. as we reach full production capacity, we are committed to making hiring and training a top priority.”

Nolan Manufacturing has more than 50 dealerships of Maryland at Georgiawith four equipment dealers in North Carolina. They are producers of landscaping equipment and trailers who plan to expand production and distribution operations to include agricultural tractor implements, alongside the distribution of Solectrac tractors.

“It’s exciting to be in a partnership that will help Solectrac meet the growing demand for its tractors,” says Chris Biesecker, owner of Nolan Manufacturing. “Demand for Solectrac tractors is growing on the East Coast, and we are proud to do our part in providing the market with the economical and environmentally friendly Solectrac tractor.” Chris has been in the retail equipment business for over 30 years and will oversee the daily operations of the Solectrac tractors.

About Solectrac
Solectrac, Inc., located at Northern California, has developed battery-powered electric tractors for agricultural and utility operations. Solectrac tractors offer farmers around the world the ability to power their tractors using the sun, wind and other clean, renewable energy sources. The company’s mission is to provide farmers with independence from the pollution, infrastructure and price volatility associated with fossil fuels.

About Ideonomics
Ideanomics (NASDAQ:IDEX) is a global company with a simple mission: to accelerate the commercial adoption of electric vehicles. By linking vehicles and charging technology with design, implementation and financial services, we provide solutions that enable the commercial world to engage in an electric vehicle future. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visit: https://ideanomics.com.

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Ideanomics, Inc.
Tony SklerSenior Vice President of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email protected]

Malory Van Guilder, PR Skyya for Ideanomics
[email protected]