Dec 16, 2020
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 the Dragonfly K50 luxury electric sports car at its new proposed 1.3 million square-foot assembly and manufacturing space in Spokane, Washington. Featuring a Rechargeable Energy Storage System (‘RESS’), the Dragonfly boasts a range of up to 310 miles and can accelerate from 0-60 miles/hour in under 4.2 seconds. Limited to only 1000 units, the company has started accepting reservations with production set to begin next year.”
To view the full article, visit https://ibn.fm/AtOBl
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 U.S. 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, visitwww.NetElement.com.
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Green Car Stocks
San Francisco, California
www.GreenCarStocks.com
415.949.5050 Office
[email protected]
Green Car Stocks is part of the InvestorBrandNetwork.
Smoke from the blazes, blamed on destructive agricultural practices, has sickened hundreds of thousands and blanketed neighboring countries.
The storm reached sustained winds of nearly 185 miles per hour on Wednesday. It is expected to weaken later, and its path remains uncertain.
The storm has caused at least one death and dozens of injuries, officials said. Schools have closed on the island and hundreds of flights have been canceled.
Authorities in the Philippines are investigating Thomas Markle, father of Meghan, the wife of Britain’s Prince Harry, the Philippine justice undersecretary said on Friday, after allegations he possessed child sexual abuse images. “Our Anti-Trafficking and Anti-OSAEC (online sexual abuse and exploitation of children) task force in Cebu is currently investigating the matter,” Nicholas Ty, Philippine justice undersecretary, said. Thomas Markle could not be immediately reached for comment but he...
Fatimah Zainal had already paid for her flights and accommodation when videos of the unrest in France made her jittery about the Paris leg of her European holiday. “The videos definitely made me panic,” said Fatimah, who plans to visit the French capital solo from October 31 to November 3 after travelling through Belgium. The press officer for an international organisation said the Malaysian government’s travel advisory gave her second thoughts, and changing her flight would cost up to an...
Indonesia’s warnings of curbing energy exports to countries it deems disrespectful amid regional tensions have put Singapore and other Southeast Asian buyers on notice, exposing the risks of relying on a neighbour increasingly protective of its resources. But analysts see little chance of Jakarta following through on the threat, given its own economic interests and the mutual benefits of regional energy cooperation, including the long-planned Asean Power Grid. On Thursday, Coordinating Minister...
Nvidia CEO Jensen Huang is pitching the concept of “sovereign AI” in Kazakhstan – part of his global crusade urging nations to build domestic computing infrastructure using the firm’s chips – as the energy-rich nation emerges as a US-China battleground for artificial intelligence. Speaking at a fireside chat in Astana on Friday with Kazakh AI and digital development minister Zhaslan Madiyev, Huang said AI was reshaping every industry in a transformation that “affects every single person and...
Recent youth-led protests in New Delhi and other cities in India have fuelled allegations that they are connected to unrest in France and elsewhere in Europe, with an influential Hindu nationalist organisation warning of foreign forces seeking to destabilise societies. While analysts caution against concluding that foreign interference played a role in demonstrations in India, they say protesters in Europe and India share similar concerns, reflecting their mounting anger that education and hard...
Chinese artificial intelligence chip giant Cambricon Technologies reported a 147.7 per cent surge in third-quarter profit on Friday, as the country’s aggressive push to replace Nvidia chips continues to fuel high growth among local chipmakers. The Shanghai-listed chipmaker generated 1.4 billion yuan (US$210 million) in net profit for the three months ended September 30, up from 566.6 million yuan during the same period last year. Revenue reached 3.5 billion yuan, an increase of 104.5 per cent...
The Philippine government put a bounty on Friday on the head of the top enforcer of ex-president Rodrigo Duterte’s bloody anti-drug crackdown, nearly a year after the International Criminal Court (ICC) ordered his arrest. Former Philippine police chief and sitting Senator Ronald “Bato” dela Rosa had mostly been in hiding for months before The Hague-based tribunal unsealed the November 2025 arrest warrant against him in May and put him into flight. The bounty comes just over a month before...
Paper straws, widely promoted as an eco-friendly alternative to plastic, may actually have a greater environmental impact than conventional plastic straws, according to a South Korean government-commissioned study that has renewed debate over whether switching materials truly reduces waste. The Comprehensive Study on Single-Use Straws, commissioned by South Korea’s Ministry of Climate, Energy and Environment, was disclosed on Wednesday by opposition People Power Party lawmaker Kim Wi-sang, The...
The Philippines is turning to the United States to build its oil stockpile amid the global energy crunch, with observers saying the move could also serve Washington’s military interests and deepen strategic ties. A bilateral deal could deliver more immediate benefits than a broader Asean stockpile, which would entail coordination hurdles, analysts said, but questions remain over how quickly Manila could establish such a reserve and whether it would meaningfully reduce long-term dependence on...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.