Net Element Inc. NETE Archives - Page 3 of 20

ThursdayMar 11, 2021 9:48 am

QualityStocksNewsBreaks – 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 today announced that it has executed a purchase and sales agreement ("PSA") and opened escrow to purchase an EV manufacturing facility in Tunica, Mississippi. The turn-key facility affords Mullen the opportunity to innovate its manufacturing processes with the availability to assemble vehicles now and optimize product design with simultaneous engineering efforts. Under Mullen ownership, the facility will operate as Mullen's Advanced Manufacturing Engineering Center ("AMEC") and Proving Grounds. "Our…

MondayMar 08, 2021 10:01 am

QualityStocksNewsBreaks – 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. 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. Under the collaboration, Mullen plans to produce more than 100,000 vehicles over five years using NexTech lithium sulfur (“Li-S”) pouch format batteries, which are 60% lighter than today's EVs, improving vehicle efficiency and reducing overall energy consumption. NexTech's sulphur is sourced from oil refinement by-products,…

MondayFeb 01, 2021 2:03 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Working Diligently to Finalize Merger, Capitalize on Growing EV Sector Demand

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 build and market EVs within the next few years. As the industry grows, research suggests that EVs may eventually dominate gas-powered cars in many sectors. In addition to falling battery prices that are expected to make EVs economically feasible on the supply side, government mandates,…

ThursdayJan 21, 2021 9:32 am

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

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…

MondayJan 11, 2021 11:35 am

EV Battery Costs Down Nearly 90%, Net Element Inc. (NASDAQ: NETE) Upshifting into EV Industry via Mullen Technologies Merger

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 SUV, Dragonfly K50 sports car Rapidly falling electric vehicle (“EV”) battery prices are fueling predictions that it will be easier and cheaper to build and market EVs within a few years (https://ibn.fm/MYD7s). In a bold move aiming to leverage these changing market conditions, Net Element (NASDAQ:…

FridayJan 08, 2021 12:36 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Shifts to Drive Opportunity in the EV Fast Lane

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 mobile devices, Net Element is preparing for life in the fast lane as it shifts into the EV space. Under the leadership of CEO Oleg Firer, a veteran entrepreneur and corporate turn-around specialist, Net Element realized exponential revenue growth from $0 in 2013 to $65…

ThursdayDec 31, 2020 1:24 pm

Net Element (NASDAQ: NETE), Mullen Merger Future Looks Bright with Projected Lower kWh Battery Prices

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 per kilowatt-hour for batteries is projected to hit $101 by 2021, it seems plausible that electric vehicles (“EVs”) may be comparable in price to gasoline-powered autos (https://ibn.fm/qofPF). That news paints a bright future for Net Element (NASDAQ: NETE), a global financial technology and value-added solutions…

MondayDec 28, 2020 2:00 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Positioned Amid Surging Demand in EV Space

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 a combination of improved sector fundamentals coupled with positive industry news. A recent article discussing the company reads, “A potential combined Net Element-Mullen Technologies entity plans to leverage upon the surge in consumer demand within the electric vehicle space through the launch of its initial…

TuesdayDec 22, 2020 11:46 am

Net Element (NASDAQ: NETE) Gets Its Timing Spot-on as Electric Vehicle Industry Logs Record Month

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 with privately held Mullen Technologies, expects to begin marketing Dragonfly K50 sports car in United States by Q2 2021 The winds of change are blowing as global warming and climate change-induced catastrophes are waking the world to the imminent need to shift towards green energy…

WednesdayDec 16, 2020 2:43 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Poised as World Moves from Gas Guzzlers

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. The move comes at a time when falling battery prices, government mandates and consumer incentives are propelling the industry forward. A recent article discussing the company reads, “Through its subsidiaries that include Mullen Auto Sales, Mullen Finance Corp., a digital marketplace called CarHub and battery-focused Mullen Energy, Mullen Technologies has already made significant headway in the U.S. Among the company’s expansion plans is the production of…

Site Search

Company Search

Tag: Net Element Inc. NETE