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Articles Category: Green Cars – Electric Vehicle
Thursday Dec 10, 2020 - 1:20 pm

Net Element, Inc. (NASDAQ: NETE) Prepares for Life in the Fast Lane as It Prepares to Shift into Electric Vehicle Space

Net Element plans to radically transform its business model following completion of merger with Mullen Technologies, converting into pure-play EV manufacturerElectric vehicles are set to account for 3% of global vehicle sales in 2020Governments have increasingly pushed for electric vehicle adoption as key pillar underpinning environmental objectives; the UK just announced ban on sale of fossil-fuel powered cars by 2030NETE CEO Oleg Firer recently elaborated…

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Monday Dec 07, 2020 - 1:03 pm

Net Element Inc. (NASDAQ: NETE) Releases Q3 2020 Financial Results Showing Improved Revenues Despite Continued Shutdowns

NETE results include year-over-year increases in revenue and transaction volume45% of NETE clients in restaurant business, management expects rebound once states reopenNETE plans to divest payments processing model to enter EV industry through reverse-merger with privately-held Mullen Technologies Inc. Net Element (NASDAQ: NETE), a global financial technology and payments processing company, recently posted its Q3 2020 results showing improved revenues despite continued shutdowns in NY…

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Wednesday Dec 02, 2020 - 10:30 am

Net Element (NETE) Buoyed by Investor Interest Within EV Sector as Tesla Gets Included in S&P500

Tesla recently illustrated the enthusiasm surrounding the EV sector by becoming the newest entrant to the S&P500 equity indexInvestor interest in the sector has spilled over to Net Element, with one the world’s largest asset managers, Renaissance Technologies taking a 3.2% stake in the company in the third quarterA future combined Net Element-Mullen Technologies plans to begin marketing its initial vehicle model, the Dragonfly K50…

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Monday Nov 30, 2020 - 2:25 pm

As World Transitions away from Gas Guzzlers, Net Element Inc. (NASDAQ: NETE) Entering EV Market Through Mullen Technologies Merger

NETE plans to divest payments processing model to enter EV industry through proposed merger with privately-held Mullen Technologies Inc.Merger allows Mullen stakeholders to obtain majority of stock while accelerating process of taking company public, funding US expansionMullen accepting reservations for Dragonfly K50 sports car and MX-05 SUV, production for both projected to start in 2021California-based Mullen subsidiaries include Mullen Energy, Mullen Auto Sales, Mullen Finance…

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Monday Nov 23, 2020 - 3:03 pm

Net Element Inc. (NASDAQ: NETE) Set to Benefit as China, U.S. Gear up to Promote Electric Vehicle Sales

China’s government has set out its next 5-year plan, highlighting promotion of electric vehicles as key tenet underpinning their environmental policiesNet Element’s reverse merger with EV manufacturer Mullen Technologies is expected to close by 4Q2020, with Net Element expected to divest its legacy payments business following the dealCompany aims to begin selling K50 Dragonfly sportscar by 2Q2021, recently began pre-sales for its wholly self-developed EV…

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Thursday Nov 19, 2020 - 2:52 pm

Falling Battery Prices Pave Way for EV Future; Net Element Inc. (NASDAQ: NETE) Positioned to Profit through Mullen Technologies Merger

EV battery prices becoming increasingly economical, dropping 87% in less than decade with additional 30% drop predicted by 2023NETE plans to divest payments processing model to enter EV industry through merger with privately-held Mullen Technologies Inc.Battery-focused subsidiary Mullen Energy part of US expansion, thousands of jobs expected to be createdPre-orders for MX-05 SUV commenced, production expected to start in 2021 The average real price of…

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