Mullen Technologies

Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas

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Thursday, May 2, 2024

Sale, EVS, EPA, AAA, MRSS, IBN, Mullen Technologies, CARB, EV, Light, Fireworks

BREA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, and its recently announced dealer partner, Pritchard EV (“Pritchard”), have joined with Mobile Road Service Solutions (“MRSS”) to debut the Mullen ONE, Class 1 EV cargo van roadside assistance vehicle upfit which is currently on display at the American Towman Showcase in Las Vegas, Nevada.

Key Points:

MRSS is a leading upfitter for the Roadside Service Industry and is a strategic supplier to towing and emergency roadside service companies throughout the U.S. including companies like AAA.
Pritchard EV, a national leader in the adoption of electric vehicles with commercial fleets, worked with MRSS to identify the Mullen ONE EV cargo van as their first joint offering for the roadside service market.
The Mullen ONE EV Cargo Van is the only Class 1 Cargo van available today.
Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis truck.

Mullen Announces New CARB Approval for 2025 Class 3 EV Cab Chassis Truck

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Thursday, April 25, 2024

MSRP, Certification, HVIP, IBN, Mullen, Mullen Technologies, EV, ZEV, Model year, Renewable energy

BREA, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces certification from the California Air Resources Board (“CARB”) on the 2025 Mullen THREE, Class 3 all-electric low cab forward chassis truck. The certification is awarded to vehicle manufacturers who meet specific emissions standards in compliance with CARB regulations. The District of Columbia and 14 states, including California, have adopted vehicle standards under Section 177 of the Clean Air Act (42 U.S.C. §7507), which requires additional approvals beyond EPA regulations.

Key Points:

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces certification from the California Air Resources Board (“CARB”) on the 2025 Mullen THREE, Class 3 all-electric low cab forward chassis truck.
The certification is awarded to vehicle manufacturers who meet specific emissions standards in compliance with CARB regulations.
A copy of Mullen’s 2025 Class 3 CARB certification can be found on MullenUSA.com .
CARB certification opens the Mullen THREE to critical state EV incentive programs, which vary by each eligible CARB-compliant state.

Mullen’s New High Energy Facility Marks Phase One Completion of Battery Pack Assembly Line

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Monday, April 22, 2024

IBN, Mullen Technologies, EV, Rail transport

BREA, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the first phase completion of battery line integration at its high energy facility located in Fullerton, California. The southern California facility is dedicated to producing next-generation American-made EV battery packs, a critical component to the Company’s commitment to zero emissions and to reducing reliance on key battery components imported from foreign countries.

Key Points:

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the first phase completion of battery line integration at its high energy facility located in Fullerton, California.
The operationalization of the plant includes a series of planned stages which began with facility preparations and quickly transitioned to the move and installation of battery assembly line equipment.
The phase one project culminated in the successful startup, debugging, and early-stage commissioning of the initial two battery assembly lines.
Production line start is currently targeted for early 2025 and at volume production, Mullen expects to hire over 200 people for both battery production and operational support.

Mullen Achieves Manufacturing Milestone with 500th Commercial Vehicle Produced

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Thursday, April 18, 2024

500th, IBN, Mullen Technologies, EV, University

BREA, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ), an emerging electric vehicle (“EV”) manufacturer, today announces a manufacturing milestone achieved with the 500th commercial vehicle recently produced out of its Tunica, Mississippi, commercial vehicle manufacturing and assembly facility.

Key Points:

BREA, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ), an emerging electric vehicle (“EV”) manufacturer, today announces a manufacturing milestone achieved with the 500th commercial vehicle recently produced out of its Tunica, Mississippi, commercial vehicle manufacturing and assembly facility.
The Company currently has 18 active commercial vehicle pilots with fleets, municipalities, universities and campuses underway.
Expansion of commercial vehicle distribution in Europe with plans to sell 800 units expected to begin in 2024.
“In addition to international growth, we plan to expand U.S. distribution, adding new dealer points to support commercial EV market penetration.”

Mullen Streamlines Business Operations to Focus on Near Term Commercial Opportunities

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Monday, April 8, 2024

Mullen Technologies, EV, Growth, IBN, Cryptocurrency

BREA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the Company has initiated significant cost reduction and consolidation measures, aligning budget to current conditions. Actions are expected to drive an estimated $170 million reduction in the Company’s operating and investing cash flow expenses over the next 12 months when compared to operating and investing cash flows for the 12 months ended Sept. 30, 2023. Operating and investing cash flows were $179 million and $108 million, respectively, for the 12 months ended Sept. 30, 2023. Reductions in operating cash flows are estimated to be approximately $69 million and investment spending is estimated to contract by $101 million over the next 12 months when compared to the Company’s spend over the last fiscal year.

Key Points:

“Momentum is increasing and we have transactions with fleets of varying sizes and vocations,” said Brad Sigmon, Vice President of Randy Marion Automotive Fleet Operations.
Operating and investing cash flows were $179 million and $108 million, respectively, for the 12 months ended Sept. 30, 2023.
Mullen is making these changes to refine business operations and better align focus on the commercial EV segment that has opportunity to drive near term revenue for the Company, including projected April sales of 100 commercial EVs by Randy Marion Automotive Group (“RMA”).
The Company’s planned changes include the following:
“Our refined business operational focus will improve our financial results and allow us to take advantage of current market opportunities while also driving long-term growth and shareholder value,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Files for Foreign Trade Zone Status in Tunica, Mississippi

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Monday, April 1, 2024

Mullen Technologies, EV, Commerce, Tax, Pressure, IBN, FTZ, Free-trade zone, Life insurance

BREA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has filed for Foreign Trade Zone (“FTZ”) status with the U.S. Department of Commerce at its commercial vehicle manufacturing and assembly center located in Tunica, Mississippi. Mullen filed its application on March 25, 2024, and expects final determination within 30 to 90 days.

Key Points:

Mullen filed its application on March 25, 2024, and expects final determination within 30 to 90 days.
Upon approval as a designated FTZ site, Mullen would qualify for a variety of benefits including deferment of payments on duties owed related to import fees.
Upon approval, Mullen estimates that resulting deferred working capital on domestic sales could result in deferred capital outlays of $10 million for the remainder of FY 2024.
“Achieving FTZ approval status is an important strategic initiative to further strengthen Mullen’s supply chain management and deliver significant cash flow savings,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Continues Prioritization of Commercial EVs

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Thursday, March 14, 2024

Mullen Technologies, EV, Last mile, Growth, IBN, Data analysis, Strategic planning, FedEx, UPS

Frenning has over 15 years of proven successful sales and leadership experience in automotive service, commercial sales and fleet management.

Key Points:

Frenning has over 15 years of proven successful sales and leadership experience in automotive service, commercial sales and fleet management.
“After an extensive due diligence process and countless interviews with highly sought-after individuals, we have identified a strong caliber team with great expertise in commercial sales.
These individuals will propel Mullen’s sales efforts forward,” said Marianne McInerney, Chief Strategy and Commercial Officer of Mullen Automotive.
“Our commercial growth continues, and it’s encouraging to see our sales efforts expand into new opportunities,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Automotive Provides Timeline Update on US Government Ruling for Class 1 EV Cargo Vans

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Wednesday, March 13, 2024

CBP, Mullen Technologies, EV, GSA, Government, IBN, RRDS, United States Customs Service

BREA, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc .

Key Points:

BREA, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc .
(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces an update on the U.S. Customs and Border Protection (“CBP”) application for Class 1 EV cargo vans.
Based on CBP advice, Mullen and RRDS are now proceeding with the GSA in order to finalize qualification of Mullen to sell Class 1 EV cargo vans to all branches of the U.S. government.
“Mullen is well positioned to support the U.S. government’s goal of transitioning its fleet to electric vehicles,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen’s Solid-State Polymer Battery Pack Hits the Road for Class 1 Vehicle Testing on Feb. 26, 2024

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Thursday, February 29, 2024

EPA, IBN, EV, Dyno, Mullen Technologies

BREA, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the Company began Class 1 EV cargo van road testing with the integrated solid-state polymer battery pack. Vehicle road testing began on Feb. 26, 2024, at Mullen’s Commercial Tech Center in Troy, Michigan. Video of Class 1 EV cargo van integrated with solid-state polymer battery pack testing can be viewed on MullenUSA.com.

Key Points:

Vehicle road testing began on Feb. 26, 2024, at Mullen’s Commercial Tech Center in Troy, Michigan.
Video of Class 1 EV cargo van integrated with solid-state polymer battery pack testing can be viewed on MullenUSA.com.
Mullen’s latest phase of solid-state polymer battery testing began in January with installation of the battery pack into the Class 1 EV cargo van for testing of system compatibility between the vehicle and pack.
Due to higher energy density of the solid-state battery, the total pack energy increased from 42 kWh to 72 kWh.

Mullen Emphasizes Focus on Commercial Vehicle Segment with First Mover Advantage Across Class 1 and 3 Electric Cargo Vans and Trucks

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Monday, February 26, 2024

EVS, Bollinger Motors, Acquisition, EV, AI, Class, IBN, CARB, Intelligence, Mullen Technologies, Bollinger

BREA, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, highlights today the Company’s continued focus on the commercial vehicle segment with production and deliveries of its Class 1 and Class 3 commercial EVs. The Company also highlights Bollinger Motors' focus on the Class 4-6 commercial vehicle segment and production start of Class 4 vehicles, which is planned in the second half of 2024.

Key Points:

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, highlights today the Company’s continued focus on the commercial vehicle segment with production and deliveries of its Class 1 and Class 3 commercial EVs.
The Company also highlights Bollinger Motors' focus on the Class 4-6 commercial vehicle segment and production start of Class 4 vehicles, which is planned in the second half of 2024.
“These acquisitions allowed us to scale faster, which is best demonstrated by the launch of commercial vehicle production and customer deliveries in 2023.
Our effort on the commercial segment is laser focused and the opportunity has never been better with increased demand seen across all our commercial vehicle offerings.