NetworkNewsBreaks – Net Element Inc. (NASDAQ: NE
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Posted On: 12/02/2020 3:27:44 PM
NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Eyes Opportunity in EV Sector
Net Element (NASDAQ: NETE) is transforming its business model to enter the electric vehicle (“EV”) industry through a reverse-merger with California-based Mullen Technologies Inc. The strategic move positions the company to benefit amid the dropping price of EV batteries, which has decreased 87% in less than a decade (https://nnw.fm/jJQXX) and is projected to drop even further due to technological innovations destined to make EVs a viable alternative to gas-powered vehicles. A recent article discussing this reads, “Mullen Technologies is already well on its way to making substantial progress on battery technology through subsidiary Mullen Energy. Along with Mullen Auto Sales, Mullen Finance Corp. and a digital marketplace called CarHub, Mullen is well-positioned to expand its footprint in the United States with plans to expand and construct new production facilities that will bring thousands of jobs to the country.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Net Element (NASDAQ: NETE) is transforming its business model to enter the electric vehicle (“EV”) industry through a reverse-merger with California-based Mullen Technologies Inc. The strategic move positions the company to benefit amid the dropping price of EV batteries, which has decreased 87% in less than a decade (https://nnw.fm/jJQXX) and is projected to drop even further due to technological innovations destined to make EVs a viable alternative to gas-powered vehicles. A recent article discussing this reads, “Mullen Technologies is already well on its way to making substantial progress on battery technology through subsidiary Mullen Energy. Along with Mullen Auto Sales, Mullen Finance Corp. and a digital marketplace called CarHub, Mullen is well-positioned to expand its footprint in the United States with plans to expand and construct new production facilities that will bring thousands of jobs to the country.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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