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 yearsNETE 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…