MULN - InvestorNewsBreaks - Mullen Automotive Inc. (NASDAQ: MULN) Reports Recent Operational Highlights
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that the 500th commercial vehicle was recently produced out of its Tunica, Mississippi, commercial vehicle manufacturing and assembly facility, marking a manufacturing milestone. The announcement also detailed Mullen’s recent highlights, noting that the company has 18 active commercial vehicle pilots underway and that the expansion of its U.S. retail network with dealers located on the West Coast, Midwest and Mid-Atlantic regions is expected to commence in June 2024. In addition, the expansion of commercial vehicle distribution in Europe, which plans to sell 800 units, is expected to begin in 2024. “We have increased requests for our vehicles internationally, and as a result, we plan to launch an expansion into Europe next month,” said David Michery, CEO and chairman of Mullen Automotive. “In addition to international growth, we plan to expand U.S. distribution, adding new dealer points to support commercial EV market penetration.”
To view the full press release, visit https://ibn.fm/pN8pE
About Mullen Automotive Inc.
Mullen is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. For more information about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
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