NewsRoom Articles - Page 103 of 117

TuesdayDec 15, 2020 3:00 pm

How Artificial Intelligence Is Accelerating EV Battery Development

Although electric vehicles (“EVs”) are poised to replace internal combustion engine vehicles over the next couple of decades, EV technology is constantly evolving. Unlike conventional vehicles, EVs are powered by rechargeable lithium-ion batteries, and EV makers, as well as battery manufacturers, have been working to improve and refine battery technology. The ultimate goal is to develop an EV battery pack that can provide adequate range and charge rapidly without degrading. Researchers are now turning to artificial intelligence (“AI”) to help accelerate battery development. However, for these battery building AIs to be effective, they need sufficient data, something that is quite…

MondayDec 14, 2020 2:21 pm

Net Element (NASDAQ: NETE) Revenues Improve During COVID Upheaval; Company Prepping for Upcoming Merger

Report notes that NETE is showing surprising business strength despite lockdowns persisting in New York, California Once restrictions are eased, company should rebound sharply Agreement between NETE, Mullen outlines stock-for-stock reverse merger in which Mullen stockholders will receive outstanding stock in post-merger company With its previously announced definitive agreement with Mullen Technologies, a Southern California-based electric vehicle company, still in process, Net Element (NASDAQ: NETE) is valued only on its card-processing business. With 45% of its customers in the restaurant business — a space that has been deeply impacted by COVID-19 — Net Element revenues actually improved sequentially, reported a…

MondayDec 14, 2020 12:45 pm

San Diego Manufacturer Starts Taking Orders for EV That Doesn’t Need Charging

Back in 2011, San Diego automotive startup Aptera announced that it wouldn’t be able to produce any vehicles until it got sufficient funding. The firm had been seeking government funding to accelerate the production of its three-wheeled, eco-friendly prototypes, but it was held back by miles of red tape. Close to a decade later, Aptera is back in the game, offering an innovative electric vehicle that could forever change the fledgling electric vehicle (“EV”) industry. Aptera has announced the introduction of the first solar electric vehicle in the industry that can be recharged with only solar energy; the car has…

FridayDec 11, 2020 2:15 pm

European EV Sales Reach 500,000-Unit Milestone in 2020

The world is slowly working towards fully electrifying its roads, and Europe is leading the charge. Although the continent is behind China in terms of global market share, several European countries have announced plans to ban the sale of new internal combustion engine (“ICE”) vehicles over the next few decades. This year alone, car makers in Europe have sold more than 500,000 battery-powered electric cars, despite the coronavirus pandemic and an historic economic crisis. According to data collated by Schmidt Automotive Research, more than 1 million plug-in cars, including hybrids, were sold in the UK as well as Europe’s 17…

ThursdayDec 10, 2020 1:30 pm

Why EV Makers Are Paying Special Attention to Electric Pickup Trucks

Over the past decade, electric vehicles have slowly left the realm of obscurity and entered the mainstream consciousness. They are now poised to take over the roads, with several governments pledging to phase out the production of internal combustion engine (ICE) vehicles in favor of EVs over the next couple of decades. As the nascent EV industry spreads its wings, several EV makers have their sights on one particular vehicle type: the electric pickup trucks. Tesla shocked the world when it announced its new electric pickup, the Cybertruck, back in 2019. General Motors has invested quite a bit on a…

ThursdayDec 10, 2020 1:19 pm

Net Element, Inc. (NASDAQ: NETE) Prepares for Life in the Fast Lane as It Prepares to Shift into Electric Vehicle Space

Net Element plans to radically transform its business model following completion of merger with Mullen Technologies, converting into pure-play EV manufacturer Electric vehicles are set to account for 3% of global vehicle sales in 2020 Governments have increasingly pushed for electric vehicle adoption as key pillar underpinning environmental objectives; the UK just announced ban on sale of fossil-fuel powered cars by 2030 NETE CEO Oleg Firer recently elaborated on challenges of entrepreneurship, role of diplomacy within modern corporate management Net Element (NASDAQ: NETE) presents its stakeholders with a unique business proposition: Within its role as a global financial technology and…

WednesdayDec 09, 2020 3:28 pm

Advocacy Group Says Canada Can Only Meet Climate Change Targets If it Manufactures EVs

The automotive world is headed towards electrification, and several countries have announced plans to fully electrify their roads over the next few decades. Canada, however, is facing a unique challenge. The country has seen a 37% (approximately a million vehicles per year) drop in vehicle manufacturing over the past two years, but curiously carbon emissions have increased by nearly 30%. Turns out Canadians are partial to SUVs and trucks that guzzle a lot of fuel and emit a lot of carbon. Canada has been ranked at the top for tailpipe emissions, but despite the increase in vehicle pollution, vehicle manufacturing has…

MondayDec 07, 2020 2:30 pm

Proposed EV Tax in Australian State Could Jeopardize EV Adoption

Australia hasn’t made a lot of progress towards electrifying its roads. While countries such as the UK, France and Germany have set clear targets for banning the sale of new internal combustion engine (“ICE”) vehicles, Australia’s climate politics has been described by some as “broken.” The country currently has a paltry 20,000 electric vehicles on the road, and only 0.6% of new cars sold in the country are electric. Now the state of Victoria is planning to introduce a road user tax for electric vehicles (“EVs”) that has the potential to cripple the EV industry before it even takes off.…

MondayDec 07, 2020 1:01 pm

Net Element Inc. (NASDAQ: NETE) Releases Q3 2020 Financial Results Showing Improved Revenues Despite Continued Shutdowns

NETE results include year-over-year increases in revenue and transaction volume 45% of NETE clients in restaurant business, management expects rebound once states reopen NETE plans to divest payments processing model to enter EV industry through reverse-merger with privately-held Mullen Technologies Inc. Net Element (NASDAQ: NETE), a global financial technology and payments processing company, recently posted its Q3 2020 results showing improved revenues despite continued shutdowns in NY and California. The value-added solutions group supports electronic payments acceptance in an omni-channel environment that spans point-of-sale, e-commerce applications and mobile devices for small to medium enterprises in the U.S. and selected emerging…

FridayDec 04, 2020 2:00 pm

New Feature Could Further Ease Using an Electric Vehicle

Although the electric vehicle (“EV”) industry is relatively new, it is poised to take over our roads in the not-so-distant future. Several countries have pledged to ban the sale of new internal combustion engine vehicles over the next couple of decades, with European countries such as Norway and the Netherlands announcing the most ambitious plans. However, EV adoption is still far from universal, with drivers stating that high costs and uncertainty about charging and range prevent them from switching to EVs. However, thanks to a new charging standard developed by SAE International, previously the Society of Automotive Engineers, owning an…

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