NetworkNewsAudio – Net Element (NASDAQ: NETE) Aims to Exploit Flourishing Electric Vehicle Market via Pending Merger

Company: Net Element (NETE)
Category: News

Related Editorial
Since 2013, the sale of electric vehicles (EV) in the United States has grown by an average of 25% a year (http://nnw.fm/B2GRb), a stunning figure when compared to the anemic 1.4% overall growth of the US auto market over the same interim (http://nnw.fm/hwjS2). Despite the stellar growth rate, EV sales only account for a miniscule 2% share of the US automobile market but are projected to exceed 20% of annual vehicle sales by 2030. With a tenfold increase in market share expected over the next decade, market penetration has just begun, and there’s clearly still enormous upside. In a bold foray into the electric vehicle market, Net Element Inc. (NASDAQ: NETE) (NETE Profile) recently announced the execution of a definitive merger agreement to merge with Mullen Technologies Inc., a Southern  California-based EV company. Mullen currently has seven retail locations in California, one in Arizona, and expects to launch a luxury sports car in the first half of 2021. With leading EV brands such as Tesla, Inc. (NASDAQ: TSLA), Nikola Corporation (NASDAQ: NKLA), NIO Inc (NYSE: NIO) and Workhorse Group Inc. (NASDAQ: WKHS) driving consumer interest within the segment, Net Element looks to  capitalize on the growing fervor for high-quality electric vehicles and drive shareholder value. One look at the sporty,  luxurious Dragonfly K50 indicates that NETE is on the right path.

To view the full editorial, visit http://nnw.fm/RzuHy

About Net Element

Net Element, Inc. operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., the Company aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, its cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500(TM). In 2017, it was recognized by South Florida Business Journal as one of 2016’s fastest-growing technology companies. Further information is available at www.NetElement.com.

NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://nnw.fm/NETE

About NetworkNewsAudio

NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.

For more information, visit www.NetworkNewsAudio.com

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217