Net Element Inc. (NASDAQ: NETE) Proposed Merger with Mullen Technologies Expected to Accelerate Development of Electric Vehicle Manufacturing Facility
Electric vehicles expected to account for over half of global passenger car sales by 2040 Growth in electric vehicles expected to drive oil demand down by 13.7 million barrels per day Proposed manufacturing facility comprises 1.3 million square feet, creation of 55 jobs at startup with up to 863 jobs created by 2026 Net Element (NASDAQ: NETE), a global technology group that operates electronic payment services, is currently in the planning stages to open a new electric vehicle (“EV”) manufacturing facility in conjunction with privately-owned Mullen Technologies (“Mullen”) via a proposed merger. With demand for electric vehicles growing globally, oil…