GreenCarNewsBreaks Archive - Page 47 of 55

FridayMar 19, 2021 2:34 pm

GreenCarNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Targets New Investments and Acquisitions

Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is eying expansion through acquisitions and new investments. “The company expects 2021 to be another growth year after it raised approximately $400 million over the past six months,” reads an article on why Ideanomics is “one to watch.” “This funding has already been put to good use with acquisitions of Wireless Advanced Vehicle Electrification (‘WAVE’) and Timios. With roughly $200 million still on the balance sheet, Ideanomics continues to look for new investments and acquisitions in revenue-based opportunities focused…

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…

WednesdayMar 10, 2021 2:01 pm

GreenCarNewsBreaks – ev Transportation Services Inc.’s FireFly ESV Boasts Superior Performance

ev Transportation Services (“evTS”), a designer, developer and manufacturer of all-electric lightweight commercial vehicles and fleet management solutions, offers a robust all-electric vehicle designed with performance and versatility in mind. “As an all-electric vehicle,” reads an article describing evTS’s product, “the FireFly ESV uses the safest lithium-ion battery technology currently available (LiFePO4, Lithium Iron Phosphate). This chemistry provides superior acceleration, a lighter weight design, improved energy-efficiency, and is highly reliable. A proprietary management system maintains and monitors the battery, ensuring optimal performance and range, with an expected lifespan of up to 10 years. Unlike other vehicles that have been manufactured…

TuesdayMar 09, 2021 1:02 pm

GreenCarNewsBreaks – Ideanomics (NASDAQ: IDEX) Acquires 20% Stake in Energica Motor Company

Ideanomics (NASDAQ: IDEX) today announced that it has acquired 20% of Italian Energica Motor Company S.p.A., a developer of high-performance, 100% battery-powered motorbikes, for the consideration of $13.2 million. With this move, which marks continued investment in European-based OEM, Ideanomics expands its global footprint in the electric vehicle (“EV”) industry. "Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy's Motor Valley to create a range of exceptional products for the motorcycle market," said Alf Poor, CEO of Ideanomics. "It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility.…

MondayMar 08, 2021 11:39 am

GreenCarNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Appoints Former Shell Oil Exec to PowerTap Board

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, announced that it has appointed David Bray, a former general manager and corporate officer for Shell Oil Products US, to the advisory board of PowerTap Hydrogen Fueling Company, an investee company. In his new role, Bray will provide insight and expertise in critical product development and services related to accelerating the development of PowerTap’s proprietary modular 1,250 kg hydrogen production and dispensing unit. Bray has more than three decades of experience in the business and strategy development and fuels and marketing sectors. While at Shell, he served as…

MondayMar 08, 2021 10:01 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Enter Strategic Partnership with NexTech Batteries

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 has announced entry into a strategic partnership with NexTech Batteries Inc. as an EV battery supplier and key partner for battery development and technologies. Under the collaboration, Mullen plans to produce more than 100,000 vehicles over five years using NexTech lithium sulfur (“Li-S”) pouch format batteries, which are 60% lighter than today's EVs, improving vehicle efficiency and reducing overall energy consumption. NexTech's sulphur is sourced from oil refinement by-products,…

ThursdayMar 04, 2021 2:24 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Featured in Simply Wall St Journal

Tesla (NASDAQ: TSLA), an American electric vehicle (“EV”) and clean energy company, was featured in this week’s Simply Wall St Journal that discussed its valuation and a split of believers and skeptics as to its limitless value versus those more pessimistic on its prospects. The article clarifies Tesla’s current standing and what the company needs to do to achieve its ambitious targets. “Tesla (NASDAQ: TSLA) is easily one of the most controversial companies in the world right now. Most either love it or hate it. These two groups seem to be split into those who owned it through 2020, and…

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