Effective June 18, 2024, Mullen Subsidiary, Bollinger Motors, Receives EPA Certification for Class 4 EV Commercial Trucks
Mullen Automotive's subsidiary, Bollinger Motors, has received the EPA Certificate of Conformity for its Class 4 B4 Chassis Cab. This milestone allows Bollinger to start selling its zero-emission, all-electric B4 trucks in the U.S., with production starting in the second half of 2024. The B4, designed with 70% American-made content, offers enhanced safety and performance with an 800-volt battery system. Bollinger Motors has also secured federal clean vehicle incentives under the Inflation Reduction Act, providing $40,000 in tax credits per truck. Recent achievements include significant sales agreements and partnerships with major dealers and service providers.
- Bollinger Motors received EPA certification for its Class 4 B4 Chassis Cab.
- Production of the Bollinger B4 to begin in the second half of 2024.
- Bollinger B4 offers zero-emissions, enhancing environmental appeal.
- Secured $40,000 in federal tax credits per vehicle under the Inflation Reduction Act.
- Significant sales agreements: 80 vehicles to Momentum Groups and 50 to EnviroCharge.
- New partnerships with major dealers and service centers, enhancing distribution network.
- None.
Insights
The receipt of the EPA certification for Bollinger Motors’ Class 4 B4 Chassis Cab marks a pivotal moment for Mullen Automotive Inc. This certification is a necessary regulatory hurdle that allows the company to commence sales of its electric trucks in the U.S. market. From a financial perspective, this milestone aligns closely with Mullen's broader strategic goals to capture a share of the commercial EV market.
The commercial vehicle sector is substantial and securing this certification opens the door for revenue generation. Additionally, the mention of federal clean vehicle purchasing incentives, which provide
Investors should be aware that while this is a positive development, the company’s ability to ramp up production efficiently and manage costs will be critical. Delays or production issues could offset the initial positive sentiment. However, if executed well, this could significantly enhance Mullen’s financial standing.
Looking at the market implications, the EPA certification places Bollinger Motors in a competitive position within the commercial EV space. Specifically, the Class 4 commercial truck market is growing due to increasing demand for sustainable fleet solutions. The certification not only improves Bollinger's credibility but also potentially enhances its market share against competitors who may still be navigating regulatory requirements.
The partnerships and sales deals mentioned—such as the 80-vehicle sale to Momentum Groups and 50-vehicle sale to EnviroCharge—are indicative of early market traction. These partnerships can facilitate smoother market entry and broader acceptance of the vehicle. Furthermore, the network of dealers and service centers extends Bollinger’s customer reach and support capabilities.
From a market perspective, the announcement strengthens Bollinger’s position, yet it’s important to monitor how well they can capitalize on this momentum. After all, early sales and strategic partnerships are promising indicators but need to translate into sustained market performance.
EPA certification is a critical milestone to sell vehicles to customers
Bollinger’s B4, Class 4 EV chassis cab to begin rolling off production line in second half of 2024
BREA, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive Inc. (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, today announces its subsidiary, Bollinger Motors, has received its Certificate of Conformity from the Environmental Protection Agency (“EPA”) for its Class 4 B4 Chassis Cab. The Certificate of Conformity attainment is another important milestone for Bollinger Motors as it moves closer to delivering initial vehicles to customers.
Bollinger Motors plans to launch the Bollinger B4 Chassis Cab in the second half of 2024. The Certificate of Conformity certifies that the Bollinger B4 conforms to EPA emissions requirements. While the Bollinger B4 is an all-electric, zero-emissions vehicle, the certification is still an important requirement for any manufacturer to begin selling vehicles in the United States. A copy of Bollinger’s Class 4 EPA certification can be found here.
“This is a huge step for us in becoming the leader in all-electric, commercial trucks,” said Robert Bollinger, founder and CEO of Bollinger Motors. “We are proud that the Bollinger B4 is engineered and assembled right here in Michigan with
The Bollinger B4 Chassis Cab is an all-new, battery-electric, zero-emissions Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 800-volt battery and components to offer unparalleled safety, flexibility and performance in the commercial market. Bollinger Motors recently qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act, which provides
Today's announcement follows a series of Bollinger Motors’ milestones in recent months, including: an 80-vehicle sale to Momentum Groups; a 50-vehicle sale to EnviroCharge; the addition of Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group as dealers and service centers; Our Next Energy in Novi, Michigan, to supply battery packs; Roush Industries in Livonia, Michigan, to manage vehicle assembly operations; Syncron as its warranty administration partner; and Amerit Fleet Solutions as its mobile service provider.
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors is developing all-electric, commercial chassis cab trucks, Classes 4-6. In September of 2022, Bollinger Motors became a majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.
About Mullen
Mullen Automotive (NASDAQ: MULN) 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
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking Statements
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. Examples of such risks and uncertainties include but are not limited to whether Bollinger will achieve its anticipated launch date of the Bollinger B4; how long governmental incentives for electric vehicles will apply and the timing of fulfillment for previously announced purchase orders. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
SOURCE Bollinger Motors
Bollinger Contact:
Mike DeVilling, WestShore Public Relations
248-875-4207
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
FAQ
What is the significance of Bollinger Motors receiving EPA certification for the B4?
When will the Bollinger B4 start production?
What incentives are available for purchasing the Bollinger B4?
What recent sales agreements has Bollinger Motors secured?
What partnerships has Bollinger Motors announced?
