GreenCarNewsBreaks Archive - Page 51 of 55

WednesdayDec 16, 2020 2:43 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Poised as World Moves from Gas Guzzlers

Net Element (NASDAQ: NETE) is 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. The move comes at a time when falling battery prices, government mandates and consumer incentives are propelling the industry forward. A recent article discussing the company reads, “Through its subsidiaries that include Mullen Auto Sales, Mullen Finance Corp., a digital marketplace called CarHub and battery-focused Mullen Energy, Mullen Technologies has already made significant headway in the U.S. Among the company’s expansion plans is the production of…

MondayDec 14, 2020 3:32 pm

GreenCarNewsBreaks – Why Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Is ‘One to Watch’

Clean Power (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) is a holding company that focuses on investing in and providing early-stage financing to both public and private businesses. Since its original January 23, 2019, listing with the Canadian Stock Exchange (“CSE”), the company has made investments in multiple different businesses in a variety of industries, including the energy and cannabis sectors. The company’s primary goal is to identify and capitalize on high-return investment opportunities presenting the ability to achieve capital appreciation and liquidity. A recent article discussing the company reads, “Clean Power Capital continues to be opportunistic in evaluating prospects across…

ThursdayDec 10, 2020 1:41 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) to Drive into US EV Market in Style, Speed via K50 Dragonfly

Net Element (NASDAQ: NETE) is 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. The merger is optimally timed as more and more regulations aim to require and encourage adoption of purely electric automobiles as a replacement to conventional combustion engine-powered cars. A recent article discussing the company’s positioning reads, “Net Element and Mullen Technologies have revealed plans to begin their foray into the U.S. electric vehicle market through their partnership with Chinese EVET manufacturer, Qiantu Motors, with the aim…

WednesdayDec 02, 2020 1:00 pm

GreenCarNewsBreaks – 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://ibn.fm/GRCa9) 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,…

TuesdayDec 01, 2020 12:28 pm

GreenCarNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Notes Key Developments for Recent PowerTap Investment

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has released an update on PowerTap Hydrogen Fueling Corp. Clean Power invested in PowerTap earlier this year. PowerTap is currently working to complete its newest design of a patented onsite hydrogen production and dispensing technology designed for use in the North American hydrogen-vehicle market. This third-generation version includes significant advantages over earlier PowerTap units as well as other hydrogen-fueling technologies available in the space. For instance, the station can go live in mere weeks and can be fully assembled and tested prior to delivery, bypassing the need for…

TuesdayNov 24, 2020 3:20 pm

GreenCarNewsBreaks – ev Transportation Services Inc. (‘evTS’) Engages InvestorBrandNetwork for Corporate Communications Expertise

ev Transportation Services (“evTS”), a specialty vehicle OEM, today announced it has selected the corporate communications expertise of the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. Under the partnership, IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for evTS. “The essential services vehicle fleet represents an annual domestic replacement market of approximately 100,000 vehicles. These vehicles roughly translate to a $2.5 billion market opportunity each year,” said Chris Johnson, director of…

FridayNov 20, 2020 3:10 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Featured in Research Report

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research that discussed the company’s third quarter showing sequential rebound as the merger proceeds with privately-held Mullen Technologies Inc. The report reads, “At its current enterprise value of $43.6 million, the stock is getting no premium for its pending merger and is valued only on its card processing business. 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.” To view the full report,…

TuesdayNov 17, 2020 3:18 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Joining S&P 500

Tesla (NASDAQ: TSLA), an American EV and clean energy company, was featured in an article on Yahoo! Finance titled, “Tesla is getting added to the S&P 500, shares surge on the news.” The article highlights a more than 10% jump in TSLA shares in the after-hours session on the news that the electric carmaker is set to join the S&P 500. The article reads, “On Monday evening, the S&P Dow Jones Indices announced that Tesla will be added to the closely-followed stock index on Monday, Dec. 21 before the market opens to coincide with the December quarterly rebalance. ‘Due to…

MondayNov 16, 2020 9:43 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Announces Q3 2020 Financial Results

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point of sale (“POS”), e-commerce and mobile devices, today announced its financial results for the third quarter ended Sept. 30, 2020. Among the highlights for the quarter as compared to the same period in 2019, Net Element reported an increase in total transaction volume to $956.2 million versus $953.7 million, a decrease in net revenues to $16.7 million versus $16.8 million, as well as an increase in North American Transaction Solutions revenue to $16.07 million versus $15.9 million. “We…

FridayNov 13, 2020 2:02 pm

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Positioned at the Forefront of Reduced EV Manufacturing Costs

Net Element (NASDAQ: NETE) is transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through its merger with privately-held Mullen Technologies Inc. Timing looks optimal for the transition as new research from investment bank UBS finds that the cost to manufacture EVs may be the same as the cost for regular models within the next four years (https://ibn.fm/DW8fZ). This news bodes well for Net Element and Mullen. A recent article discussing this reads, “Mullen recently announced its own plans to start work on a manufacturing facility as well as accept pre-orders for its M05 fully electric SUV.…

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