GreenCarNewsBreaks Archive - Page 53 of 55

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…

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…

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…

WednesdaySep 09, 2020 1:22 pm

GreenCarNewsBreaks – ZCR Report Forecasts Possible Stock Jump for Net Element Inc. (NASDAQ: NETE)

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research (“ZCR”) titled “Net Element Now Trades Based on a Valuation of Mullen Technologies.” The report provides an optimistic outlook for NETE stock, citing the company’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer, with anticipated close of the merger in the fourth quarter of 2020. The report reads, “Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post merger company, the company could be worth $30.00 per share once the deal closes and twice that by 2023.”…

TuesdaySep 08, 2020 3:08 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Tech Visualize EV Manufacturing in 1.3M-Square-Foot Facility

Mullen Technologies, which previously entered a definitive agreement to merge with Net Element (NASDAQ: NETE), recently announced extension of a letter of intent (“LOI”) for the acquisition of a 1.3-million-square-foot electric vehicle (“EV”) manufacturing facility. Mullen, a Southern California-based, licensed EV manufacturer with international distribution that operates in various verticals of the automotive industry, extended the LOI with S3R3 Solutions to assemble EVs and manufacture EV batteries in the area of West Plains, Washington (http://ibn.fm/qZlx4). A recent article discussing this reads, “Mullen’s vision is to begin assembly of electric vehicles and development of its battery packs in an initial facility…

TuesdaySep 08, 2020 12:25 pm

GreenCarNewsBreaks – Nikola Corporation (NASDAQ: NKLA) & General Motors Company (NYSE: GM) Strategic Partnership Featured on MarketWatch

Nikola Corporation (NASDAQ: NKLA) and General Motors (NYSE: GM) recently announced entry into a strategic partnership that was featured in a MarketWatch article titled, “UPDATE: Nikola shares soar 45% premarket on news of GM partnership; GM to receive $2 billion in Nikola stock.” According to the update, Nikola will use GM's Ultium battery system and Hydrotec fuel cell technology under the agreement, and the collaboration will start with the Nikola Badger, NKLA's planned fully-electric and hydrogen fuel cell electric pickup truck, and include cost reductions for other models. For in-kind services and access to GM's parts and components, Nikola will…

FridaySep 04, 2020 12:16 pm

GreenCarNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Brings Stiff Competition for Tesla Inc. (NASDAQ: TSLA)

Net Element’s (NASDAQ: NETE) pending merger partner, Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, was featured in a recent CarBuzz article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes competition Tesla's (NASDAQ: TSLA) Model Y will face from electric crossovers including Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, specifically, the range capabilities of new competitor, the Mullen MX-05. The article reads, “Powering the Mullen MX-05 . . . will be a 150-kWh solid-state battery developed by China-based engineering firm Linghang BOAO. . . . Based on…

TuesdayAug 25, 2020 2:23 pm

GreenCarNewsBreaks – Mullen Technologies Inc. to Attend Raymond James 2020 Virtual Diversified Industrials Conference

Mullen Technologies, a southern-California based, licensed electric vehicle ("EV") manufacturer with international distribution that operates in various verticals of the automotive industry, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), announced that it will attend the Raymond James 2020 Virtual Diversified Industrials Conference today, August 25, 2020. Interested parties may access the presentation, which will also be available on Mullen’s website, by visiting the following link at 4 p.m. EST: http://ibn.fm/vTt43. To view the full press release, visit http://ibn.fm/HQomd About Mullen Technologies Based in Southern California, Mullen Technologies is a licensed vehicle manufacturer focused on…

FridayAug 21, 2020 12:20 pm

GreenCarNewsBreaks – Mullen Technologies Inc.’s MX-O5 Featured as Stiff Competition for Tesla Inc.’s (NASDAQ: TSLA) Model Y in Carscoops Article

Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, was featured in a recent Carscoops article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes some stiff competition Tesla Inc.'s (NASDAQ: TSLA) Model Y is about to face from electric crossovers, specifically Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, new competitor, the Mullen MX-05. The article reads, “California-based U.S. startup Mullen Technologies is also joining the electric crossover bandwagon with the…

ThursdayAug 20, 2020 12:42 pm

GreenCarNewsBreaks – Canoo’s Plans to Go Public Featured in Automotive Web Zine Carscoops

Electric vehicle startup Canoo was featured in a recent Carscoops article that highlighted its plans to go public by year-end 2020. The article titled, “Canoo Will Become The Latest EV Startup To Go Public,” covers Canoo’s intention to merge with Hennessy Capital Acquisition Corp IV, a special-purpose acquisition company, for public listing on the NASDAQ under ticker symbol “CNOO” by the end of the year. The article reads, “With this announcement, Canoo is following in the footsteps of Nikola Motor and Fisker that have merged with so-called ‘blank check’ acquisition companies to go public. The merger values the combined company…

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