Solectrac Announces Expansion of Its Tractor Reservation Campaign
SANTA ROSA, Calif., Feb. 23, 2021 /PRNewswire/ --Solectrac, Inc. (Solectrac), a portfolio company of Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces new reservation campaign for Solectrac's all-electric tractors.
- SANTA ROSA, Calif., Feb. 23, 2021 /PRNewswire/ --Solectrac, Inc. (Solectrac), a portfolio company of Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces new reservation campaign for Solectrac's all-electric tractors.
- According to Research And Markets , the global agricultural tractor market is expected to grow at a CAGR of 7.7% through 2027.
- Solectrac is taking reservations for its 40 HP-equivalent eUtility tractor and the 4-wheel drive 30 HP-equivalent compact electric tractor (CET).
- "This new reservation system allows Solectrac to significantly decrease the initial cost of ownership for its tractors in high demand.