Mullen and Enpower Greentech Inc. Enter Partnership and Supply Agreement to Build EGI’s SWIFT Series of Semi Solid-State Batteries
Mullen Automotive (NASDAQ: MULN) has signed a Partnership and Supply Agreement with Enpower Greentech Inc. (EGI) to manufacture SWIFT series semi solid-state batteries (SSB). The production will begin in early 2026 at Mullen's Battery Center in Fullerton, California.
The EGI SWIFT batteries, featuring silicon-anode-based technology, will be used in commercial vehicles and various industrial applications including aerospace, marine, drones, and medical equipment. These batteries offer double energy density, ultra-fast charging, extended cycle life, and cost-efficient manufacturing.
Mullen's Fullerton facility currently operates three battery lines: a high-volume standard battery chemistry line, a low-volume standard chemistry R&D line, and a low-volume solid-state polymer R&D line. EGI plans to start domestic manufacturing in Q3 2025 at its Ann Arbor, Michigan facility.
Mullen Automotive (NASDAQ: MULN) ha firmato un accordo di partnership e fornitura con Enpower Greentech Inc. (EGI) per la produzione di batterie semi solide della serie SWIFT (SSB). La produzione inizierà all'inizio del 2026 presso il Battery Center di Mullen a Fullerton, California.
Le batterie SWIFT di EGI, che utilizzano tecnologia a base di anodo in silicio, saranno impiegate in veicoli commerciali e in varie applicazioni industriali, tra cui aerospaziale, marittimo, droni e attrezzature mediche. Queste batterie offrono doppia densità energetica, ricarica ultra-rapida, ciclo di vita prolungato e produzione economica.
Attualmente, l'impianto di Fullerton di Mullen opera tre linee di batterie: una linea di chimica delle batterie standard ad alto volume, una linea di R&D di chimica standard a basso volume e una linea di R&D di polimeri a stato solido a basso volume. EGI prevede di avviare la produzione domestica nel terzo trimestre del 2025 presso il suo stabilimento di Ann Arbor, Michigan.
Mullen Automotive (NASDAQ: MULN) ha firmado un acuerdo de asociación y suministro con Enpower Greentech Inc. (EGI) para fabricar baterías semi sólidas de la serie SWIFT (SSB). La producción comenzará a principios de 2026 en el Battery Center de Mullen en Fullerton, California.
Las baterías SWIFT de EGI, que cuentan con tecnología de ánodo de silicio, se utilizarán en vehículos comerciales y en diversas aplicaciones industriales, incluyendo aeroespacial, marítimo, drones y equipos médicos. Estas baterías ofrecen doble densidad energética, carga ultra-rápida, vida útil prolongada y fabricación rentable.
La instalación de Fullerton de Mullen actualmente opera tres líneas de baterías: una línea de química de baterías estándar de alto volumen, una línea de I+D de química estándar de bajo volumen y una línea de I+D de polímeros de estado sólido de bajo volumen. EGI planea comenzar la fabricación nacional en el tercer trimestre de 2025 en su instalación de Ann Arbor, Michigan.
멀렌 오토모티브 (NASDAQ: MULN)는 엔파워 그린테크 주식회사 (EGI)와 SWIFT 시리즈 반고체 배터리(SSB) 제조를 위한 파트너십 및 공급 계약을 체결했습니다. 생산은 2026년 초에 캘리포니아 풀러턴에 있는 멀렌의 배터리 센터에서 시작될 예정입니다.
EGI의 SWIFT 배터리는 실리콘 음극 기반 기술을 특징으로 하며, 상업용 차량 및 항공우주, 해양, 드론, 의료 장비 등 다양한 산업 응용 분야에서 사용될 것입니다. 이 배터리는 두 배의 에너지 밀도, 초고속 충전, 연장된 사이클 수명 및 비용 효율적인 제조를 제공합니다.
멀렌의 풀러턴 시설은 현재 고용량 표준 배터리 화학 라인, 저용량 표준 화학 연구개발 라인, 저용량 고체 폴리머 연구개발 라인의 세 가지 배터리 라인을 운영하고 있습니다. EGI는 2025년 3분기 미시간주 앤아버에 있는 시설에서 국내 제조를 시작할 계획입니다.
Mullen Automotive (NASDAQ: MULN) a signé un accord de partenariat et de fourniture avec Enpower Greentech Inc. (EGI) pour fabriquer des batteries semi-solides de la série SWIFT (SSB). La production débutera début 2026 au Battery Center de Mullen à Fullerton, Californie.
Les batteries SWIFT d'EGI, qui utilisent une technologie à base d'anode en silicium, seront utilisées dans des véhicules commerciaux et diverses applications industrielles, y compris l'aérospatiale, le maritime, les drones et les équipements médicaux. Ces batteries offrent une double densité énergétique, une charge ultra-rapide, une durée de vie prolongée et une fabrication rentable.
Les installations de Mullen à Fullerton exploitent actuellement trois lignes de batteries : une ligne de chimie de batterie standard à haut volume, une ligne de R&D de chimie standard à faible volume et une ligne de R&D de polymères à état solide à faible volume. EGI prévoit de commencer la fabrication nationale au troisième trimestre 2025 dans son usine d'Ann Arbor, Michigan.
Mullen Automotive (NASDAQ: MULN) hat eine Partnerschafts- und Liefervereinbarung mit Enpower Greentech Inc. (EGI) unterzeichnet, um halb-feste Batterien der SWIFT-Serie (SSB) herzustellen. Die Produktion beginnt Anfang 2026 im Battery Center von Mullen in Fullerton, Kalifornien.
Die EGI SWIFT-Batterien, die auf Siliziumanodentechnologie basieren, werden in Nutzfahrzeugen und verschiedenen industriellen Anwendungen eingesetzt, darunter Luft- und Raumfahrt, Marine, Drohnen und medizinische Geräte. Diese Batterien bieten doppelte Energiedichte, ultra-schnelles Laden, verlängerte Lebensdauer und kosteneffiziente Herstellung.
Die Einrichtung von Mullen in Fullerton betreibt derzeit drei Batterielinien: eine Hochvolumenlinie für Standardbatteriechemie, eine Niedrigvolumenlinie für Standardchemie in der Forschung und Entwicklung sowie eine Niedrigvolumenlinie für feste Polymerforschung und -entwicklung. EGI plant, im dritten Quartal 2025 mit der heimischen Produktion in seinem Werk in Ann Arbor, Michigan, zu beginnen.
- Partnership secures domestic battery production, reducing supply chain vulnerabilities and tariff costs
- Advanced SSB technology offers double energy density and ultra-fast charging capabilities
- Multiple existing battery production lines already operational at Fullerton facility
- Technology validated by top U.S. automotive OEMs, drone manufacturers, and eVTOL companies
- Production won't start until early 2026, indicating a significant wait for revenue generation
- Requires additional engineering staff ramp-up for full production
Insights
This partnership marks a significant technological advancement for Mullen, positioning the company to manufacture Enpower Greentech's SWIFT series semi solid-state batteries (SSB) domestically. The technology claims are substantial - twice the energy density of conventional batteries with ultra-fast charging capabilities and extended cycle life. These performance metrics, if successfully implemented, would address critical limitations in current EV battery technology.
Particularly noteworthy is Mullen's existing infrastructure at their Fullerton facility, which already houses three battery production lines including a solid-state polymer R&D line. This suggests the company has been building manufacturing capabilities in anticipation of this transition. The early 2026 production timeline aligns with industry projections for advanced battery commercialization, placing Mullen in potential competitive position with larger manufacturers.
The diversified application strategy targeting commercial vehicles, aerospace, marine, drones, and medical uses creates multiple commercialization pathways beyond personal EVs. This hedges technology adoption risk across various sectors. The domestic manufacturing approach also directly addresses supply chain vulnerabilities and tariff concerns that have plagued battery imports, potentially yielding cost advantages when production begins.
This partnership represents a strategic positioning move for Mullen in the evolving EV component landscape. By securing domestic manufacturing of advanced battery technology, Mullen creates potential value in three dimensions: technology differentiation, supply chain security, and market diversification.
First, the company leverages its established 18-month relationship with EGI to commercialize technology that could offer performance advantages over standard lithium-ion batteries. Second, the domestic production strategy directly addresses tariff concerns, potentially allowing Mullen to maintain cost competitiveness against imported alternatives. Third, the multi-sector application approach extends beyond automotive into high-growth segments like drones, aviation, and medical applications.
The appointment of John Taylor, with his Tesla and GM background, to oversee this program lends implementation credibility. However, investors should note the significant execution timeline extending to early 2026 before production begins. For a company with Mullen's market capitalization (
- EGI SWIFT semi solid-state batteries (SSB) are intended for use in commercial vehicles as well as other industrial applications including drone, E-aviation, robotics, aerospace, marine two-wheelers, power tools, and medical applications.
- Mullen has long been advancing a semi-solid-state battery solution and has worked on other initiatives with EGI for the past 18 months.
- Mullen’s production of EGI SWIFT batteries is slated to begin early 2026. Mullen will integrate the EGI SWIFT battery into its existing SSB program in Fullerton, California.
BREA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an energy technology and electric vehicle (“EV”) manufacturer, announces today it has signed a Partnership and Supply Agreement with Enpower Greentech Inc. (EGI), a global leader in advanced lithium-ion battery manufacturing and technology, to build and deliver its SWIFT series SSB. The Enpower EGI SWIFT SSB are intended for use in commercial vehicles as well as other industrial applications including aerospace, marine, hobby vehicles, material handling, power tools, medical and drone applications.
The agreement between the parties outlines the partnership to manufacture the SWIFT SSB modules and battery packs domestically at Mullen’s Battery Center in Fullerton, California. The Fullerton Center has three lines for the manufacture of lithium-iron-phosphate (LFP) battery modules and will continue to ramp up its engineering staff for full production and to execute this technology in early 2026.
“By partnering with EGI, Mullen continues to build its portfolio and is positioned to deliver domestically produced battery solutions, which has been Mullen’s vision since its inception,” said John Taylor, president of Commercial Vehicles and SVP Global Manufacturing at Mullen. “In addition to the benefits of semi solid-state batteries, this partnership will reduce supply chain vulnerabilities and address increased costs due to tariffs.”
Mullen’s Fullerton facility currently has three battery lines installed in support of U.S.-made battery components and manufacturing. Lines include:
- High volume standard battery chemistry line.
- Low volume standard chemistry R&D line.
- Low volume solid-state polymer R&D line.
"We are excited to sign this agreement to solidify our continued relationship with Mullen in this critical growth market,” Dr. Che Yong, co-founder and CTO of EGI. “We see a great opportunity to meet new market conditions and build domestic production that will deliver significant value to customers. The synergies that exist between the two companies has evolved into understanding the full technology, and the ripple of this technology will be monumental to the industry.”
“I have tasked John Taylor in his role as president of our Commercial Division to oversee this program. With his 40 years of extensive manufacturing and engineering experience, including but not limited to Tesla and GM, John has demonstrated his ability to deliver on time and on schedule. We are confident that the solid-state polymer program is now fast-tracked for commercialization,” said David Michery, chairman and CEO of Mullen.
EGI’s SWIFT Series SSB Cells are advanced silicon-anode-based semi solid-state batteries. They offer twice the energy density, ultra-fast charging capability, extended cycle life, and a cost-efficient manufacturing roadmap. Top U.S. automotive OEMs, leading drone manufacturers, and eVTOL companies have widely tested and validated SWIFT cells. EGI plans to commence domestic manufacturing in late Q3 2025 at its Ann Arbor, Michigan, facility, which will continue to expand its manufacturing capacity throughout 2026. This way, EGI will offer tariff-free, high-performance pouch cells to the market.
About Enpower Greentech
Enpower Greentech Inc. (EGI) is a global leader in advanced lithium-ion battery research and manufacturing. The company has a clear manufacturing roadmap with product solutions for drones, two-wheelers, EVs, E-Aviation and robotics markets. By leveraging its dual technology platforms with semi-solid and all-solid-state batteries, EGI provides batteries with industry-leading energy density, long cycle life and high safety. EGI is headquartered in the United States and operates in USA, Japan, China and Germany.
To learn more about the company, visit www.enpower-greentech.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. 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. The Company’s commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.
On Sept. 7, 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.
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 whether the anticipated production timelines for the SWIFT semi solid-state batteries (SSB) will be met; whether the SSB will be used for their intended purpose; whether the Company will accomplish its engineering staff ramp up goals; whether Enpower Greentech Inc (“EGI”) will succeed with its plans to commence domestic manufacturing in late Q3 2025 at its Ann Arbor, Michigan, facility; and whether Mullen’s partnership with EGI will prove successful. 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.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
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FAQ
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