- Mullen Technologies plans to open electric vehicle manufacturing facility in West Plains via proposed merger with NETE
- Reverse merger will give Mullen stakeholders majority in newly formed company while accelerating process of taking Mullen public
- Proposed 1.3 million square foot manufacturing facility is expected to create up to 4000 jobs by 2026
Mullen Technologies (“Mullen”) plans to bring electric vehicle (“EV”) manufacturing to West Plains, Washington through a proposed merger with Net Element (NASDAQ: NETE), a global technology group based in Miami that operates electronic payment services.
While still in its planning stages, the new EV manufacturing facility will comprise 1.3 million square feet of assembly and manufacturing space. A total of nearly 4000 jobs are expected to be…
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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