NetworkNewsBreaks – Net Element Inc. (NASDAQ: NE
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Posted On: 10/12/2021 5:00:25 PM
NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Announce Full Revamp of AMEC Plant for Assembly of EV Cargo Vans
Mullen Automotive Inc., an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today announced that its Tunica, Mississippi, Advanced Manufacturing and Engineering Center (“AMEC”) is now ready to begin assembly of Class 1 and Class 2 EV Cargo vans. According to the update, the plant renovations included a full revamp of an automated skillet line with an overhead hanger section, allowing Mullen assembly technicians to work flawlessly as the vans are assembled moving down the line. In addition, there is ample room to produce and scale up to meet demand, as well as areas created for offline sub-assemblies, quality checks and road testing. “It has been gratifying to see the hard work, agility and determination demonstrated on this project by the Mullen team in a very short amount of time,” said David Michery, CEO and chairman of Mullen Automotive. “The infrastructure, talent and close proximity to the freight capital of the world allows Mullen Automotive to be in the ideal position to be a top player in the EV automotive sector.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Mullen Automotive Inc., an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today announced that its Tunica, Mississippi, Advanced Manufacturing and Engineering Center (“AMEC”) is now ready to begin assembly of Class 1 and Class 2 EV Cargo vans. According to the update, the plant renovations included a full revamp of an automated skillet line with an overhead hanger section, allowing Mullen assembly technicians to work flawlessly as the vans are assembled moving down the line. In addition, there is ample room to produce and scale up to meet demand, as well as areas created for offline sub-assemblies, quality checks and road testing. “It has been gratifying to see the hard work, agility and determination demonstrated on this project by the Mullen team in a very short amount of time,” said David Michery, CEO and chairman of Mullen Automotive. “The infrastructure, talent and close proximity to the freight capital of the world allows Mullen Automotive to be in the ideal position to be a top player in the EV automotive sector.”
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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