FridayOct 16, 2020 1:44 pm

GreenCarNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Foray into EV Market Driven by Dragonfly K50

Net Element (NASDAQ: NETE) has recently transformed its business model to become a pure-play electric vehicle (“EV”) manufacturer through its merger with privately-held Mullen Technologies Inc. The company is set to begin marketing its initial vehicle model – the Dragonfly K50 – in 2Q2021. Developed in conjunction with China’s Qiantu Motors, the car model will mark Net Element’s initial foray into the North American electric vehicle market. The venture will be further reinforced through the launch of the Mullen MX-5, the company’s self-manufactured EV SUV, by the second quarter of 2022. An article discussing opportune timing of the move reads,…

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FridayOct 09, 2020 2:05 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Looks to Compelling Opportunity Through Pending Reverse-Merger

Net Element (NASDAQ: NETE) previously entered a definitive agreement to merge with Mullen Technologies, a Southern California-based electric vehicle (“EV”) company, in a move intended to maximize shareholder value. The pending reverse-merger will allow privately-held Mullen stakeholders to acquire a majority of the new stock and accelerate the process of taking the company public, giving potential investors an opportunity to purchase relatively undervalued shares within the rapidly growing sector. Investors continue to divert capital into the EV industry, pushing EV stock prices to unprecedented levels. “We feel, after considering an array of strategic alternatives, that the agreement with Mullen provides…

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ThursdayOct 01, 2020 2:23 pm

GreenCarNewsBreaks – Mullen Technologies Opens Pre-Sales for MX-05 Pure Electric SUV

Mullen Technologies Inc., an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, today announced that it is accepting preorders for its newest EV vehicle. The MX-05 fully electric, all-wheel drive SUV is slated for delivery to customers beginning Q2 2022. NETE and Mullen have announced a definitive agreement to merge 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. In addition, Mullen has begun construction on its preproduction facility, located in Monrovia, California. The…

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ThursdayOct 01, 2020 2:15 pm

GreenCarNewsBreaks – Blink Charging Co. (NASDAQ: BLNK, BLNKW) Selected by City of Richmond, California to Expand EV Infrastructure

Blink Charging (NASDAQ: BLNK, BLNKW), a leading owner and operator of electric vehicle (“EV”) charging equipment and services, today announced the sale and planned deployment of 14 IQ 200 charging stations at five locations in the city of Richmond, California. Funds have been awarded to the city of Richmond by the Bay Area Air Quality Management District through the Transportation Fund for Clean Air program, making this public EV access expansion project possible. According to the update, the units are scheduled for installation at the ferry terminal building, Bayview Library, May Valley Fire Station, Hilltop Fire Station, North Richmond Fire…

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FridaySep 25, 2020 12:27 pm

GreenCarNewsBreaks – SPI Energy Co. Ltd. (NASDAQ: SPI) Announces Launch of New EV Subsidiary

SPI Energy (NASDAQ: SPI), a global provider of photovoltaic ("PV") solutions for business, residential, government and utility customers and investors, on Wednesday announced the launch of EdisonFuture Inc., its wholly owned subsidiary to design and develop electric vehicles ("EV") and EV charging solutions. “This is an important milestone for SPI Energy. As Tesla has demonstrated, an end-to-end business model in the renewable energy space can generate significant value,” SPI Energy CEO Xiaofeng Peng said in the news release. “With the addition of EV and EV charging segments to our diverse solar business, we are positioning SPI Energy for the future…

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ThursdaySep 24, 2020 9:30 am

GreenCarNewsBreaks – Mullen Technologies Inc. to Commence Construction of EV Pilot Facility Slated for Completion by April 2021

Mullen Technologies, an emerging electric vehicle (“EV”) manufacturer and technology company that previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, this morning announced that it will commence the build-out of its pilot manufacturing facility and begin taking pre-orders of its MX-05 fully electric SUV starting on October 1st, 2020. The company estimates that up to 1,000 MX-05 fully electric vehicles will be assembled at the new facility per year, with future models such as the MX-07 and MX-03 to follow. Construction is slated to be complete by April 2021, and the…

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WednesdaySep 23, 2020 2:23 pm

GreenCarNewsBreaks – Volkswagen AG’s (VWAGY) ID 4 – Standout SUV EV – Featured on The Verge

Volkswagen (OTC: VWAGY) was featured in a recent article on The Verge that discussed the automaker’s unveiling of its ID 4. The ID 4 is the first electric vehicle (“EV”) built on Volkswagen’s mass-manufactured modular electric vehicle platform (“MEB”) to be sold in the United States and described as “arguably the most important car to be released by VW in years.” According to the publication, the ID 4 will compete directly with Tesla Inc.’s (NASDAQ: TSLA) Model Y but is really taking aim at a market segment currently dominated by gas-powered vehicles, namely the compact SUV market. The article reads,…

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ThursdaySep 17, 2020 2:18 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

Net Element (NASDAQ: NETE) is preparing to make an entrance into the electric vehicle (“EV”) market. The company, formerly focused on global financial technology and value-added solutions, has entered into a definitive merger agreement with Mullen Technologies Inc., a Southern California-based EV company. Mullen boasts seven retail locations in California and one in Arizona; the company also has expansion plans in place that include opening a manufacturing plant in Washington and launching a luxury sports car – the Dragonfly K50 – in early 2021. Timing of the move appears ideal, as EV sales in the United states have increased by…

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TuesdaySep 15, 2020 2:04 pm

GreenCarNewsBreaks – ev Transportation Services Inc. Announces ‘Best and Most Advanced Model Yet’ – The 2021 FireFly ESV(R)

ev Transportation Services (“evTS”) today announced the launch of its new 2021 model year FireFly ESV(R) (essential services vehicle). According to the update, the new model retains all the best features of previous FireFly ESV vehicles, with an extensive list of enhanced features and accessories. Upgrades include, among others: an enlarged door for even easier vehicle access; a bigger cab with more leg room; improved in-cabin experience with a more modern feel; and a new windshield design with improved visibility. “The 2021 FireFly is our best and most advanced model yet and will enable evTS to fill the critical and…

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ThursdaySep 10, 2020 11:12 am

GreenCarNewsBreaks – Lucid Motors Announces First Production Vehicle, a ‘Breakthrough’ in EV

Electric vehicle (“EV”) start-up Lucid Motors is taking aim at perhaps the best-known company in the EV space. The company claims its new all-electric air sedan, the Lucid Air, is more efficient, faster and a more spacious vehicle than the Tesla Model S, a car that Lucid CEO Peter Rawlinson helped develop when he worked as the Model S chief engineer and vice president of engineering at Tesla Inc. (NASDAQ: TSLA) from 2009 to 2012. Rawlinson noted that the high-end version of the Air is 17% more energy efficient than Tesla models. Expected to be in production early next year, the Lucid Air…

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