Mullen Technologies

Mullen Announces Development of Zero-Emissions, All-Electric PowerUP Mobile EV Charging Truck

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星期二, 五月 28, 2024

Transport, EV, Hospital, Gasoline, Power-up, Mullen, Acquisition, IBN, Mullen Technologies, AC, ZERO

BREA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the development of a ZERO-EMMISSIONS version of PowerUP, Mullen’s mobile EV charging solution, that will now be offered on the Company’s own Class 3 all-electric cab chassis truck.

Key Points:

New PowerUP mobile charging system based on the all-electric Mullen THREE, a Class 3 cab chassis EV truck, provides increased versatility and 100% ZERO EMISSIONS power generation capable of delivering on demand, mobile DC fast-charging
Company shifts PowerUP focus to a 100% clean energy model to reflect Mullen's commitment to sustainable transportation solutions, while aligning with the overwhelming market demand for zero emissions options in the mobile EV charging space
BREA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the development of a ZERO-EMMISSIONS version of PowerUP, Mullen’s mobile EV charging solution, that will now be offered on the Company’s own Class 3 all-electric cab chassis truck.
The new zero-emissions PowerUP mobile charging truck represents a strategic pivot from the previously announced model which utilized a gasoline Class 5 cab chassis platform and a dual-fuel (propane/natural gas) power generation unit.
This shift to a 100% zero-emission model reflects Mullen's commitment to sustainable transportation solutions and aligns with the overwhelming market demand for zero-emission options in the mobile EV charging space.
Additionally, Mullen’s acquisition of battery pack production assets from Romeo Power significantly accelerates the development of PowerUP as a battery based mobile charging solution.

Mullen Announces New European Distributor, GAMA, for the Balkans Region

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星期五, 五月 24, 2024

EV, IBN, GAMA, EVS, Mullen Technologies, Drug

BREA, Calif., May 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces GAMA as an additional European distribution partner for southeastern Europe covering the Balkans Region, which includes Bosnia Herzegovina, Serbia, Montenegro, Croatia, Slovenia, Macedonia, Albania, Greece and Bulgaria. GAMA will represent Mullen’s full commercial electric vehicle product line.

Key Points:

GAMA will represent Mullen’s full commercial electric vehicle product line.
GAMA’s distribution network includes eight sub dealers in the Balkan Region supporting sales, service and parts operation and is currently building a new facility in Belgrade.
GAMA’s initial vehicle order includes 53 commercial EVs, consisting of urban delivery vehicles and commercial vans and trucks.
“This is part of Mullen’s global expansion into additional European markets and we are excited to secure and announce GAMA as a first distributor for the Balkans Region of southeastern Europe,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Continues Commercial EV Dealer Expansion in Midwest with Ziegler Truck Group and Pacific Northwest with Range Truck Group

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星期三, 五月 15, 2024

Partnership, EV, Ziegler, HVIP, Sale, RTG, Mullen, EVS, ZTG, Pacific Northwest, IBN, Mullen Technologies, Agriculture

BREA, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealers, Minnesota-based Ziegler Truck Group (“Ziegler” or “ZTG”) and Washington-based Range Truck Group (“Range” or “RTG”), a part of the Ziegler Companies distribution network.

Key Points:

BREA, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealers, Minnesota-based Ziegler Truck Group (“Ziegler” or “ZTG”) and Washington-based Range Truck Group (“Range” or “RTG”), a part of the Ziegler Companies distribution network.
As Mullen’s new franchise partners, RTG and ZTG will cover national and regional fleet opportunities for Mullen commercial EVs with a focus on the Pacific Northwest and upper Midwest regions of the United States.
With a 110-year legacy of selling and servicing premier brands in construction and agriculture equipment, Ziegler and Range Truck Group, independent entities as part of the Ziegler Companies portfolio, are focused on delivering advanced infrastructure and cutting-edge zero-emissions solutions to the commercial transportation sector.
Ziegler Companies, a family-owned equipment dealer since 1914, is a group of industry pioneers and now leading providers of zero-emissions commercial trucks.

U.S. Department of Commerce Approves Mullen’s Tunica, Miss., Facility as Foreign Trade Zone

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星期四, 五月 9, 2024

Free-trade zone, IBN, Mullen Technologies, Tax, EV, Pressure, Commerce, Economic development, FTZ

A copy of Mullen’s FTZ approval can be found here .

Key Points:

A copy of Mullen’s FTZ approval can be found here .
With FTZ approval, the Company now qualifies for a variety of benefits, including deferment of payments on duties related to import fees.
For domestic U.S. sales, the Company is now able to match import duty payment to when vehicles are shipped from the zone.
“Foreign Trade Zone approval for our Tunica facility is a significant milestone for us, further strengthening our manufacturing position while delivering a competitive advantage and cash flow saving opportunities,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Signs Agreement with California Based and HVIP Approved, National Auto Fleet Group

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星期一, 五月 6, 2024

Sale, System, EVS, EPA, MSRP, TCO, Smell, HVIP, IBN, Mullen, Local government, Mullen Technologies, CARB, EV, Government, Renewable energy

BREA, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of California based commercial dealer, National Auto Fleet Group ("NAFG"). NAFG will offer Mullen’s full line of all-electric commercial vehicles, the Mullen ONE, Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis truck, which is HVIP approved and provides up to $45,000 cash voucher at purchase. NAFG will support national fleet customers via Sourcewell and offer Mullen’s commercial vehicle lineup in the following two key market locations in California:

Key Points:

NAFG will support national fleet customers via Sourcewell and offer Mullen’s commercial vehicle lineup in the following two key market locations in California:
NAFG, founded in 1980, is based in Northern California and is a premier all-in-one, minority family-owned vehicle dealership group specializing in government fleet sales in California and across the United States.
With Mullen we will offer municipal and government fleets the opportunity to work more efficiently, with a stronger TCO and with zero emissions,” said Clarke Cooper, National Fleet Auto Group.
NAFG is also an approved California Air Resource Board (“CARB”) HVIP dealer and will be able to provide point of sale vouchers for the Mullen THREE, Class 3 EV truck.
Under HVIP, the 2024 Mullen THREE, with a suggested MSRP of $68,500, qualifies for an up to $45,000 cash voucher.

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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星期四, 五月 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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星期四, 四月 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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星期一, 四月 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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星期四, 四月 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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星期一, 四月 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.