MULN - Mullen Automotive Provides Timeline Update on US Customs and Border Protection Ruling for Class 1 EV Cargo Vans | Benzinga
BREA, Calif., Feb. 21, 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. On Feb. 20, 2024, CBP informed counsel that a final determination on the ruling request is now expected within one to two months.
- CBP ruling requests are typically processed on a first-in, first-out basis
- CBP ruling requests are typically decided between 45 to 90 days, but may exceed this aspirational timeframe depending on the agency's caseload
On Nov. 24, 2023, Mullen and Rapid Response Defense Systems ("RRDS") filed responses for final ruling and compliance by the U.S. Customs and Border Protection ("CBP") application for Mullen's Class 1 EV cargo van. If Mullen receives a favorable final ruling, the Company will be immediately eligible to sell Class 1 EV cargo vans to all branches of U.S. government.