EV - Muln Stock Rises After Obtaining I-Go Ev's Only European Distribution Rights

October, 24 2022 11:55 AM Eaton Vance Corporation

MULN stock rises to trade at $0.4961 as of 11:26 AM EDT.

Mullen Automotive ( NASDAQ:MULN ), whose shares went up 15% before the market opened on Monday, said that the I-GO, a new small electric delivery car, will only be sold in major European countries.

Through its collaboration with the I-creators, GO’s Southern California-based business is expanding its branding and marketing influence to the European market.

The Mullen I-GO has a 124-mile range, a 96-inch wheelbase, a 16.5-kWh battery pack, rear-wheel drive, and a curb weight of 1,753 lbs. The car meets all of the EU’s standards and costs €11,999, so it can be sold in a few European markets.

Retail sales and maintenance for the I-GO will be handled by regional European distributors, with a starting price of €11,999, including VAT and local transportation.

It will add to the commercial vehicles that Mullen ( NASDAQ:MULN ) already makes, which include Class 1 and Class 2 EV cargo vans.

Bollinger Motors, which offers Class 3 through Class 6 commercial vehicles, was recently acquired by the company in its entirety. It signed an agreement to purchase all of Electric Last Mile Solutions’ assets last week.

MULN stock outlook

The shares of electric vehicle startup Mullen Automotive Inc. went up last week after ...

Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:

Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube

Company Name:	Eaton Vance Corporation
Stock Symbol:	EV
Market:	NYSE