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Net Element Inc. (NASDAQ: NETE), Mullen Stand to Benefit from Decreasing EV Manufacturing Costs

Investment bank UBS reports that electric cars will cost the same to make as conventional cars by 2024. Expensive batteries, which account for between a quarter and two-fifths of EV’s cost, have been barrier to production. NETE recently announced entry into EV space through merger with privately held Mullen Technologies Inc. New research from investment … Continue reading “Net Element Inc. (NASDAQ: NETE), Mullen Stand to Benefit from Decreasing EV Manufacturing Costs”

NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Ramping Up for EV Production

Net Element (NASDAQ: NETE) is transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through its merger with privately-held Mullen Technologies Inc. Mullen Technologies recently announced commencement of the build out of its pilot manufacturing facility and that it has begun taking pre-orders for its MX-05 fully electric SUV. Completion of the … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Ramping Up for EV Production”

NetworkNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Foray into EV Market Driven by Dragonfly K50

Net Element (NASDAQ: NETE) has recently transformed its business model to become a pure-play electric vehicle (“EV”) manufacturer through its merger with privately-held Mullen Technologies Inc. The company is set to begin marketing its initial vehicle model – the Dragonfly K50 – in 2Q2021. Developed in conjunction with China’s Qiantu Motors, the car model will … Continue reading “NetworkNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Foray into EV Market Driven by Dragonfly K50”

Net Element Inc. (NASDAQ: NETE) Well-Poised to Capitalize as EV Market Set to Grow by 29% per Annum Over Next Decade

Net Element’s reverse merger with EV manufacturer Mullen Technologies expected to close by 4Q2020 Mullen expects to begin marketing Dragonfly K50, sold in conjunction with JV partner Qiantu Motors from 2Q2021 followed by its own EV SUV in 2022 Deloitte expects annual EV sales to rise from 2.5mn in 2020 to 31.1mn in 2030, implying … Continue reading “Net Element Inc. (NASDAQ: NETE) Well-Poised to Capitalize as EV Market Set to Grow by 29% per Annum Over Next Decade”

NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Looks to Compelling Opportunity Through Pending Reverse-Merger

Net Element (NASDAQ: NETE) previously entered a definitive agreement to merge with Mullen Technologies, a Southern California-based electric vehicle (“EV”) company, in a move intended to maximize shareholder value. The pending reverse-merger will allow privately-held Mullen stakeholders to acquire a majority of the new stock and accelerate the process of taking the company public, giving … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Looks to Compelling Opportunity Through Pending Reverse-Merger”

Net Element Inc. (NASDAQ: NETE), Mullen Technologies Announce Facility Build-Out, Pre-Sales of Fully Electric EV

Mullen Technologies begins built-out of pilot facility, accepting orders for MX-05 SUV. Facility slated for April 2021 completion; first MX-05 SUVs rolling off production line by Q2 2022. In August, Net Element, Mullen Technologies announced execution of definitive agreement to merge. The announcement by Mullen Technologies Inc. that it has begun to build out its … Continue reading “Net Element Inc. (NASDAQ: NETE), Mullen Technologies Announce Facility Build-Out, Pre-Sales of Fully Electric EV”

Zacks Initiates Research on Net Element (NASDAQ: NETE); Predicts $30 Per Share Target Price

Net Element’s reverse merger with EV manufacturer Mullen Technologies expected to close by 4Q2020 NETE expects to begin marketing Dragonfly K50, sold in conjunction with JV partner Qiantu Motors from 2Q2021 Company will also break ground in early 2021 on 1.5 million square foot facility to manufacture, assemble its own vehicles Zacks forecasts that NETE … Continue reading “Zacks Initiates Research on Net Element (NASDAQ: NETE); Predicts $30 Per Share Target Price”

NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

Net Element (NASDAQ: NETE) is preparing to make an entrance into the electric vehicle (“EV”) market. The company, formerly focused on global financial technology and value-added solutions, has entered into a definitive merger agreement with Mullen Technologies Inc., a Southern California-based EV company. Mullen boasts seven retail locations in California and one in Arizona; the … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger”

With Contender for Tesla Inc. (NASDAQ: TSLA) on Horizon, Net Element Inc.’s (NASDAQ: NETE) Proposed Merger with Mullen EV Bodes Well for Company

Mullen Technologies’ EV SUV “serious competition” for Tesla’s Model Y MX-05 will have more mass-market appeal than competition NETE has definitive agreement with Mullen outlining stock-for-stock reverse merger One of the most-recognized names in the electric vehicle (“EV”) world, Tesla (NASDAQ: TSLA), may be facing serious competition from several entrants into the EV space, including … Continue reading “With Contender for Tesla Inc. (NASDAQ: TSLA) on Horizon, Net Element Inc.’s (NASDAQ: NETE) Proposed Merger with Mullen EV Bodes Well for Company”

NetworkNewsBreaks – ZCR Report Forecasts Possible Stock Jump for Net Element Inc. (NASDAQ: NETE)

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research (“ZCR”) titled “Net Element Now Trades Based on a Valuation of Mullen Technologies.” The report provides an optimistic outlook for NETE stock, citing the company’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer, with anticipated close of … Continue reading “NetworkNewsBreaks – ZCR Report Forecasts Possible Stock Jump for Net Element Inc. (NASDAQ: NETE)”

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