Phoenix, Arizona - November 18, 2022 (Investorideas.com Newswire) The Stock Day Podcast welcomed Mullen Automotive, Inc. ( NASDAQ: MULN ) ("the Company"), a Southern California-based automotive company building the next generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. CEO of the Company, David Michery, joined Stock Day host Everett Jolly.
Michery began the interview by elaborating on the successful debut of the Company's first electric crossover, which was recently recognized for its design and state-of-the-art PERSONA technology. "The response has been overwhelming," shared Michery. "I believe PERSONA will be a big hit; It is next level technology," he continued, adding that the Company is currently accepting pre-orders for the EV crossover, which is expected to arrive on the market in 2024.
The conversation then turned to a recent announcement detailing the Company's partnerships with Newgate as a marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the UK. "The I-GO is an electric, small cargo delivery vehicle that is designed for use in small areas," said Michery, before elaborating on Newgate's reputation as an automotive servicing agent in Ireland. "The next market will be Germany, and we are excited about that as well as the potential revenue stream," he explained. "We are actually preparing to deliver the first vehicle to Newgate immediately."
Jolly then asked about the Company's acquisition of ELM's assets, and the value they represent to the Company. Michery shared that the Company will be acquiring the assets for approximately $120 million, which is expected to close within five to ten days.
"What are your thoughts for getting the stock price above one dollar?", asked Michery. "Fundamentals; get out there and deliver," replied Michery. "We have a lot of substantive news coming out over the next two to three weeks, and we will get to the point of delivering to the consumer," said Michery, adding that the Company also hopes to appeal to municipalities.
Jolly then commented on the increased demand for electric vehicles, and asked about the potential of government grants. "I expect to get out there and have to earn every opportunity," said Michery. "Let's stop talking about potential and let's focus on deliverables."
"What excites you most about doing the deal with Bollinger Motors?", asked Jolly. "To tell you the truth, I was amazed I even had the opportunity to purchase controlling interest in that company," said Michery, before discussing Bollinger Motor's proprietary technology for its rugged, military-grade vehicle.
"Where do you plan on assembling all these vehicles and models?", asked Jolly. Michery shared that the Company will be acquiring a former GM-utilized manufacturing facility as part of their ELM's acquisition.
"This company is dedicated to building quality products in America by Americans," said Michery. "Around the world, we are going to put people back to work and give them opportunities and make America great again."
To hear the entire interview, follow the link to the podcast here: https://audioboom.com/posts/8199055-mullen-automotive-ceo-david-michery-is-featured-on-the-stock-day-podcast .
Mullen Automotive is a Southern California-based automotive company building the next generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the Company's first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the Company, visit www.MullenUSA.com .
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict.
Mullen Automotive, Inc.
+1 (714) 613-1900
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