MULN - Mullen Automotive's Strategic Move: Pursuing DOE Loan For US Battery Pack Production | Benzinga
Mullen Automotive, Inc. (NASDAQ: MULN) unit Mullen Advanced Energy has submitted a pre-application to the U.S. Department of Energy for an Advanced Technology Vehicles Manufacturing (ATVM) Loan Program to support its expansion into domestic battery manufacturing.
The company's $50 million submission details its plans to produce approximately 150,000 battery packs through the calendar year 2032.
"We are fully committed to transitioning the manufacturing of EVs and their related components in the U.S.," said David Michery, CEO ...