Ms. New Booty

Mullen Automotive Provides Business Update

Retrieved on: 
Monday, May 15, 2023
ACT, Raketenjagdpanzer 1, MGT, University, EV, Chevrolet, Eve van Grafhorst, FMVSS, NAFA, Bolt, Chevrolet Bolt, SUV, MS, EVS, Ms. New Booty, Crash, University of North Carolina - Coastal Studies Institute, RS, Transport, IBN, Safety, Rail transport, Satellite navigation device, Lithium, Renewable energy, Internet service provider, Mullen, MD

BREA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces a business update to its shareholders.

Key Points: 
  • Company updates stockholders on factory activities in Mishawaka, IN, and Tunica, MS, Mullen Advanced Energy Operations, Bollinger Motors Commercial Vehicles 4-6, Mullen Commercial Vehicles Class 1&3 and Mullen FIVE EV Crossover Program
    BREA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces a business update to its shareholders.
  • MGT Lease Company (“MGT”), a national fleet sales and leasing provider, previously took delivery of Mullen EV Cargo Vans on March 30, 2023.
  • All vehicle orders will be fulfilled through Randy Marion Automotive Group, a distributor of Mullen’s commercial EVs.
  • To-date, the Company has received $279 million in purchase orders for Mullen Class 1 and Class 3 EV Vans and Trucks from Randy Marion Automotive Group.

Mullen Automotive Provides Company Update

Retrieved on: 
Wednesday, May 3, 2023
ACT, Bollinger Motors, Raketenjagdpanzer 1, Partnership, EV, MI, Mullen Technologies, NAFA, Truck, MS, Ms. New Booty, Mullen, FIVE, RS, IBN, Internet service provider, Rail transport, MD

BREA, Calif., May 03, 2023 (GLOBE NEWSWIRE) --  via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today issues a Company update, including recent highlights and accomplishments for the Company, across manufacturing facilities, energy programs, Bollinger Motors, commercial and consumer EV programs. The Company reports as of April 30, 2023, cash available for operations was $116.1 million.

Key Points: 
  • Company provides update on manufacturing activities in Mishawaka, IN, and Tunica, MS, Energy Programs, Bollinger Motors, Mullen Commercial Vehicles, EV Cargo Vans, Class 1 and 3, Mullen-GO and Mullen FIVE EV Crossover Program
    Company also updates on manufacturing and vehicle programs, including Class 3 EV trucks rolling off the line in July 2023 with anticipated revenue booked in August and September 2023 for Class 3 Trucks and EV Cargo Vans
    BREA, Calif., May 03, 2023 (GLOBE NEWSWIRE) --  via IBN -- Mullen Automotive, Inc .
  • (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today issues a Company update, including recent highlights and accomplishments for the Company, across manufacturing facilities, energy programs, Bollinger Motors, commercial and consumer EV programs.
  • The Company reports as of April 30, 2023, cash available for operations was $116.1 million.
  • Commercial vehicle equipment transferred to Tunica, MS facility for commercial Class 1 launch
    Enterprise data infrastructure including fiber optics, new servers and security systems installed to support volume manufacturing
    Mullen Class 1 and Class 3 commercial vehicles are assembled in Tunica, MS
    New capital expenditures including Automated Guided Vehicles to transport vehicles through plant, installation of robots, water test booth and end-of-line diagnostics
    Enterprise data infrastructure including fiber optics, new servers and security systems installed to support volume manufacturing
    Bollinger Motors - Oak Park, MI
    Restart of B1 SUV program began on March 1, 2023
    Showcased B4 at 2023 industry shows: including NTEA Work Truck Show in Indianapolis, IN, and ACT Expo in Anaheim CA, (May 1-4)
    Hired an additional 30 people, mostly engineers, in support of B1 restart and commercial truck programs
    Mullen Commercial Vehicle Program - Troy, MI
    First presentation of portfolio at several large 2023 commercial fleet shows – NTEA Work Truck Show in Indianapolis, IN, NAFA in Baltimore, MD, and ACT Expo in Anaheim CA, (May 1-4)
    Mullen Consumer Vehicle Program - Irvine, CA
    Simultaneously developing Mullen FIVE family of vehicles, which includes two trim levels of the FIVE EV crossover and the high-performance Mullen FIVE RS variant
    Preparations for August 2023 Strikingly Different EV Tour in the works with expanded vehicles joining the planned upcoming tour, including, but not limited to, the Mullen FIVE and FIVE RS and Mullen Commercial Class 1 and Class 3 vehicles
    Mullen Automotive forms Mullen Advanced Energy Operations, LLC., in partnership with Global EV Technology, Inc. and EV Technologies, LLC
    Announced first Mullen-GO retailer located in Ireland and covering U.K. territory
    Finalizing European aftersales support network for parts, service and warranty