MULN - Mullen Delivers 63 More Class 3 Vehicles to Randy Marion Automotive Group Valued at $3969000; To-Date 121 Class 3s Delivered Valued at $7623000 | Benzinga
- To date, Mullen has delivered 121 Class 3vehicles for a total of $7,623,000 invoiced.
- Company focused and on track to deliver 150 vehicles by EOY 2023.
- Vehicles delivered are part of Randy Marion's 1,000 Class 3 purchase order.
BREA, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces 63 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group ("RMA" or "Randy Marion") with the Company invoicing RMA for $3,969,000.. To-date, The Company has delivered 121 Mullen THREEs to RMA for a total of $7,623,000. The Company is on track to deliver 150 Mullen THREEs by EOY 2023.
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.
Mullen THREE production is based out of Tunica, which is home to Mullen's commercial vehicle assembly for both the Mullen ONE, Class 1 EV cargo van, and the Class 3 EV cab chassis trucks. Mullen began first deliveries of the Mullen THREE to Randy Marion on Sept. 28, 2023. Randy Marion received its North Carolina license to retail Mullen's commercial EVs on Nov. 16, 2023, opening the ability ...