GreenCarNewsBreaks Archive - Page 55 of 57

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…

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,…

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…

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