News Archives - Green Car Stocks

TuesdayApr 06, 2021 10:11 am

GreenCarNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Investee Company Announces New Board Member

PowerTap Hydrogen Fueling Corp., a company that Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) is the majority shareholder of with 94.5% ownership, has appointed Yves Gionet to its advisory board. Gionet, a former Toyota executive, was part of the team that launched Lexus Canada in 1990; before retiring, he was leading the Lexus division. Gionet brings four decades of experience to his new appointment, including invaluable expertise and ability to focus on brand and dealer network development, which he illustrated in his work with Toyota. His influence as a key team member in the launch of Lexus Canada’s…

ThursdayApr 01, 2021 11:23 am

GreenCarNewsBreaks – Net Element (NASDAQ: NETE) Releases 2020 Financial Report, Updates on Merger Status

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 released its financial report for the calendar year ended Dec. 31, 2020. In the report, the company noted a net loss of an estimated $5.9 million for fiscal year 2020 as compared to a net loss of some $6.5 million for fiscal year 2019. Gross margin for FY 2020 was approximately $9.8 million, or 15.0% of net revenue, as compared to approximately $10.3 million, or 15.8% of net revenue,…

ThursdayApr 01, 2021 11:11 am

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Releases FY 2020 Financial Report

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles (“EVs”) and associated energy consumption, has reported its full-year 2020 revenues and operational milestones for the year ended Dec. 31, 2020. Highlights of the report indicate that the company’s revenues for the year totaled $26.8 million, resulting in sufficient resources to support IDEX’s strategic long-term growth plan. The report also noted Ideanomics’s continued strength and consistent performance in the EV industry as the company’s Sales 2 Financing 2 Charging (“S2F2C”) business model gains traction in the electric vehicle sector. The financial report also indicated that…

ThursdayMar 25, 2021 10:16 am

GreenCarNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Notes PowerTap Update on Progress of Hydrogen Fueling Units

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has shared an update provided by subsidiary PowerTap Hydrogen Fueling. The update is regarding the completed design of PowerTap’s third-generation hydrogen fueling units (“Gen3”). Clean Power Capital, which is an investor in PowerTap, called the completion of the design a significant milestone for the company’s investment. As an investment company, Clean Power focuses its efforts on private and public companies across a broad range of industries. Currently, the company is eyeing opportunities in the health and renewable energy industries. “Clean Power is very pleased with the development of…

WednesdayMar 24, 2021 2:14 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Now Accepts Payments in Bitcoin

Tesla (NASDAQ: TSLA), an American electric vehicle (“EV”) and clean energy company, was featured in an article on Yahoo! Finance titled, “Tesla Begins Accepting Bitcoin Payments.” The move comes on the heels of Tesla’s $1.5 billion investment in BTC in February, when the company said that it would soon begin accepting the cryptocurrency as a payment option on a limited basis. The update reads, “Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk announced Wednesday that the automaker has begun accepting payments for its vehicles with Bitcoin (‘BTC’). The entrepreneur also said that Tesla will retain the paid apex cryptocurrency as BTC…

TuesdayMar 23, 2021 12:33 pm

GreenCarNewsBreaks – ev Transportation Services Inc. (‘evTS’) Enters Agreement with The Shyft Group’s DuraMag to Manufacture Custom Bodies for Its FireFly(R) ESV

ev Transportation Services (“evTS”), an electric vehicle manufacturer focused on the essential services transportation and urban e-mobility markets, today announced its entry into an agreement with The Shyft Group, North America’s leader in specialty vehicle manufacturing, assembly and upfit for ecommerce-driven parcel delivery and parent of DuraMag, a leading fabricator of custom aluminum service and utility bodies. The agreement calls for DuraMag to engineer, build and assemble food and parcel delivery van bodies and landscape, dump and flatbed utility bodies for the FireFly vehicle at the company’s facility in Waterville, Maine. The companies will also collaborate efforts on FireFly fleet…

ThursdayMar 18, 2021 10:02 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Set to Move the World in Memphis

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 stock-for-stock reverse merger with privately-held Mullen Technologies Inc. Mullen today announced its intent to execute a long-term lease on an 820,000-square-foot facility located in Memphis, Tennessee. According to the update, Mullen, with the help of local and state incentives from the city of Memphis and the state of Tennessee, plans to create up to 800 jobs and deliver 100,000 vehicles over a five-year period, commencing in Q4 of 2023. Mullen’s 2P 6 SUV crossover (formerly MX-05)…

TuesdayMar 16, 2021 10:24 am

GreenCarNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Releases AGMS Results, Names New CEO

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) held an annual general and special meeting on Monday, March 15, 2021. The company has announced that all matters outlined in the notice of meeting and information circular, which was sent to all shareholders, were approved and passed. Included in those items was the approval and ratification of MOTNF’s amended and restated investment policy; the policy will now include the renewable energy sector as an area of investment focus for the company. Shareholders also elected and established and named a four-member board of directors. Board members will be Johannes (Theo) van…

FridayMar 12, 2021 2:13 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Issues Letter to Shareholders

Net Element (NASDAQ: NETE) today released an update to its shareholders on the pending merger with privately held Mullen Technologies Inc., a Southern California-based electric vehicle (“EV”) company. The pending stock-for-stock reverse merger is subject to consummation, in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger Company. The update reads, “We would like to reassure our shareholders that we continue working diligently on the pending merger with Mullen as we combine financial results of both companies for the period ending Dec. 31, 2020. As outlined in the Dec. 29, 2020, Amendment, the parties to…

ThursdayMar 11, 2021 9:48 am

GreenCarNewsBreaks – 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…

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