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NetworkNewsBreaks – Net Element (NASDAQ: NETE) Brings Former Tesla Lead on Board as VP of EV Manufacturing

Company: Net Element Inc. (NETE)
Category: News

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Technologies Inc., has announced the hiring of John Taylor as vice president of manufacturing for Mullen Automotive. Taylor comes from Tesla, where he oversaw more than 12 major vehicle launches, including Tesla’s highly successful Model S; Taylor also has impressive experience in plant start-ups. Taylor’s deep engineering experience is invaluable as, in his new role, he will  oversee Mullen’s manufacturing facilities for the MX-05 and MX-07 SUVs. Taylor earned a degree from the Philpot School of Automotive Design in Detroit in 1987 before joining General Motors, where he served as launch manager, operations manager, and machine and equipment manager. He joined Tesla in 2010 as one of the company’s first 50 employees, leading the advanced manufacturing engineering group. “The entire Mullen Team is excited to have John on board with us,” said Mullen Technologies CEO and chairman David Michery in the press release. “His automotive manufacturing experience, especially in the EV space is unparalleled. He has the exact skill set needed to take the MX-05 and MX-07 from show car to mass production. John’s first effort is overseeing our initial phase 1 manufacturing facility, which covers over 1 million sq. ft., with body assembly, paint and general assembly.”

To view the full press release, visit https://nnw.fm/eb0iq

About Net Element Inc.

Net Element operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the United States and selected emerging markets. On Aug. 5, 2020, Net Element announced the execution of a definitive agreement to merge with privately held Mullen Technologies Inc., a Southern California-based electric vehicle company in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company (the “contemplated merger”). The contemplated merger is subject to customary closing conditions, regulatory approvals and shareholder approval for both companies. For additional information, visit 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

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