MULN - Mullen Delivers 38 Class 3 Vehicles to Randy Marion Automotive Group | Benzinga
Vehicles have been invoiced for $2.5M.
Vehicles delivered are part of Randy Marion's 1,000 Class 3 vehicle purchase order.
Class 3 production at the Tunica, Mississippi, facility is planned for 150 vehicles for the remainder of 2023.
Total capacity for Class 3 planned at 3,000 vehicles annually per shift.
BREA, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces 38 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group ("RMA" or "Randy Marion") with the Company invoicing RMA for $2.5 million.
In total, Randy Marion has committed to 1,000 Class 3 vehicles for a total of $63 million with the majority of the vehicles to be delivered in calendar year 2024. As previously reported, Class 3 production at the Tunica, Mississippi, facility is planned for 150 vehicles for 2023, with total capacity for Class 3 planned at 3,000 vehicles annually per shift.
"The Mullen THREE product is a great offering with 1,000 cubic feet of cargo capacity when upfit with a 14-foot box and offers best in class maneuverability. Demand is strong for the Mullen's All-Electric product lineup," said Brad Sigmon, fleet vice president at Randy Marion Automotive.
Mullen THREE production is based out of Tunica, which is home to Mullen's commercial vehicle assembly for both the Mullen ONE, Class 1 ...