Net Element (NASDAQ: NETE) is in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. Mullen today announced that it has executed a purchase and sales agreement (“PSA”) and opened escrow to purchase an EV manufacturing facility in Tunica, Mississippi. … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen to Purchase Mississippi-Based EV Manufacturing Facility”
Net Element (NASDAQ: NETE) is in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. Mullen has announced entry into a strategic partnership with NexTech Batteries Inc. as an EV battery supplier and key partner for battery development and technologies. … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Enter Strategic Partnership with NexTech Batteries”
Net Element (NASDAQ: NETE) is in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. This bold move aims to leverage changing market conditions where rapidly falling battery prices are fueling predictions that it will be easier and cheaper to … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Working Diligently to Finalize Merger, Capitalize on Growing EV Sector Demand”
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 … Continue reading “NetworkNewsBreaks – Net Element (NASDAQ: NETE) Brings Former Tesla Lead on Board as VP of EV Manufacturing”
Recent industry report suggests that EV battery costs are down nearly 90% Analysts predicting that falling EV battery prices will make EVs cost-competitive in several years NETE planning to divest its current business model in order to enter EV industry through reverse merger with privately-held Mullen Technologies Inc. Mullen currently taking pre-orders for five-passenger MX-05 … Continue reading “EV Battery Costs Down Nearly 90%, Net Element Inc. (NASDAQ: NETE) Upshifting into EV Industry via Mullen Technologies Merger”
Net Element (NASDAQ: NETE) is a financial technology company in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. On the heels of success in the global financial technology sector, providing next-generation electronic payments solutions spanning across point-of-sale, e-commerce and … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Shifts to Drive Opportunity in the EV Fast Lane”
Experts predict average price per kilowatt-hour for batteries will hit $101 by 2021, resulting in lower EV prices Battery prices would make an EV “cheaper than a gas car to buy,” observes “Car and Driver” article Mullen making strong strides toward production of several EV models With the news from Bloomberg that the average price … Continue reading “Net Element (NASDAQ: NETE), Mullen Merger Future Looks Bright with Projected Lower kWh Battery Prices”
Net Element (NASDAQ: NETE) is a financial technology company in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately held Mullen Technologies Inc. Mullen recently executed a nonbinding Letter of Intent (“LOI”) with Unlimited Electrical Contractors Corp (“UEC”), a premiere electrical contractor based in Pompano … Continue reading “NetworkNewsBreaks – Net Element (NASDAQ: NETE) Announces Mullen Technologies Receives LOI for Purchase of 1,500 MX-05 EVs”
Net Element (NASDAQ: NETE), a financial technology company in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc., is poised as the EV sector has seen a sharp uptick in consumer demand and investor interest. Rising demand is driven by … Continue reading “NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Positioned Amid Surging Demand in EV Space”
By September 2020, growth rate of electric vehicle market increased to over 11% YoY September 2020 marked record month for the EV industry, as 345,000 electric vehicles were sold globally – accounting for 4.9% of total automotive sales Increase in EV sales due to combination of policy shifts, technological innovations Net Element, through intended merger … Continue reading “Net Element (NASDAQ: NETE) Gets Its Timing Spot-on as Electric Vehicle Industry Logs Record Month”
