NetworkNewsBreaks – Net Element Inc. (NASDAQ: NE
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Posted On: 12/28/2020 2:53:10 PM
NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Positioned Amid Surging Demand in EV Space
Net Element (NASDAQ: NETE), a financial technology company 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., is poised as the EV sector has seen a sharp uptick in consumer demand and investor interest. Rising demand is driven by a combination of improved sector fundamentals coupled with positive industry news. A recent article discussing the company reads, “A potential combined Net Element-Mullen Technologies entity plans to leverage upon the surge in consumer demand within the electric vehicle space through the launch of its initial vehicle model – the Dragonfly K50—in the second quarter of 2021. The car model, developed in conjunction with China’s Qiantu Motors, will mark the company’s initial foray into the North American electric vehicle market, a venture which the company will further look to reinforce through the launch of its self-manufactured EV SUV, the Mullen MX-5, by the second quarter of 2022.”
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), a financial technology company 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., is poised as the EV sector has seen a sharp uptick in consumer demand and investor interest. Rising demand is driven by a combination of improved sector fundamentals coupled with positive industry news. A recent article discussing the company reads, “A potential combined Net Element-Mullen Technologies entity plans to leverage upon the surge in consumer demand within the electric vehicle space through the launch of its initial vehicle model – the Dragonfly K50—in the second quarter of 2021. The car model, developed in conjunction with China’s Qiantu Motors, will mark the company’s initial foray into the North American electric vehicle market, a venture which the company will further look to reinforce through the launch of its self-manufactured EV SUV, the Mullen MX-5, by the second quarter of 2022.”
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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