Mullen Technologies and NexTech Batteries Will Deliver the Most Advanced Lithium Sulfur Battery Technology Available Today
Net Element, Inc. (NETE)
Last net element, inc. earnings: 11/14 08:30 am
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Source: Accesswire
Lithium sulfur batteries offer significant weight and cost advantages over industry incumbent lithium-ion; NexTech's superior high voltage battery packs are projected to be 60% lighter and promise to improve the vehicles efficiency and increase range significantly; These more efficient, energy dense and safer batteries will catapult Mullen's EV vehicle lineup ahead of any competitorBREA, CA / ACCESSWIRE / March 8, 2021 / Mullen Technologies, Inc. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. (NASDAQ:NETE) in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, announces today a strategic partnership with NexTech Batteries Inc. as an EV battery supplier and key partner for battery development and technologies.Mullen plans to produce more than 100,000 vehicles over 5 years using NexTech
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