Mullen Completes Solid-State Polymer Cell to Pack Integration and Begins Class 1 Battery Pack Testing
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Insights
The announcement by Mullen Automotive Inc. concerning the integration of solid-state polymer cells into their Class 1 EV cargo vans marks a significant advancement in electric vehicle technology. Solid-state batteries are seen as the next frontier in EV battery development due to their higher energy density, improved safety and potential for faster charging times compared to conventional lithium-ion batteries. The projected range increase from 110 miles to over 190 miles represents a 73% improvement, which is substantial considering that range anxiety is a major barrier to EV adoption. This development could enhance the competitive edge of Mullen Automotive in the commercial EV market, which is increasingly prioritizing range and efficiency.
For stakeholders, the short-term implications include potential stock volatility as the market reacts to this news. In the long term, successful implementation of this technology could lead to increased market share and higher sales volumes for Mullen. However, the transition to solid-state technology carries inherent risks, such as unproven scalability and the high costs associated with new technology adoption. The company's ability to maintain its production schedule and meet the projected performance targets will be critical in realizing the potential benefits of this advancement.
Solid-state polymer batteries represent a transformative leap in battery technology, primarily due to their composition which lacks a liquid electrolyte, hence offering enhanced safety and energy density. Mullen's commitment to this technology underscores the industry's shift towards solid-state solutions. The company's stated increase in range and efficiency not only meets but exceeds current industry standards, which could signal a new benchmark for EVs, particularly in the commercial sector where operational efficiency is paramount.
From a technical standpoint, the integration of a solid-state battery management system (BMS) is crucial, as it must be capable of handling the unique properties of solid-state cells, such as their temperature sensitivity and charge rates. The successful deployment of this technology could pave the way for broader adoption across the industry. However, the technology is still in its infancy and there are significant challenges to overcome, including manufacturing at scale and ensuring long-term reliability.
The electric vehicle sector is rapidly evolving, with advancements in battery technology being a key driver of growth. Mullen Automotive's announcement is likely to resonate with both commercial customers and investors who are closely monitoring the EV space for innovative and disruptive technologies. The projected increase in range for the Mullen ONE EV cargo van could potentially reshape market dynamics, as range and payload capacity are critical factors for commercial fleet operators.
It is important to monitor consumer and industry response to these technological improvements, as they will determine the viability and market acceptance of Mullen's solid-state polymer batteries. Additionally, the impact on Mullen's market position and stock performance will hinge on the company's ability to deliver on its promises and scale production. Market trends indicate a growing appetite for cleaner and more efficient commercial vehicles and Mullen's advancements could tap into this demand if executed successfully.
- Solid-state polymer pack level test and validation for Class 1 EV cargo vans begins Dec. 28, 2023
- Vehicle road testing of solid-state battery packs in Class 1 EV cargo vans on track for Q1 2024
- 110 miles current LFP range projected to increase to over 190 SSP miles range, a
73% increase, providing a superior, clean and safe alternative to current lithium-ion batteries and representing a significant increase over industry standards
BREA, Calif., Dec. 27, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the successful completion of solid-state polymer cell to pack integration for the Mullen ONE Class 1 EV cargo vans. Having completed the pack development, the solid-state BMS and pack level testing is set to kick off on Dec. 28, 2023. This progress allows the Company to remain on schedule to begin on-vehicle road testing of the solid-state polymer packs in the Class 1 EV cargo van in Q1 2024.
“We continue to make significant progress in fulfilling our commitment to providing the next-generation of battery technology to our lineup of EV vehicles, providing a clean and safe alternative to current lithium-ion batteries,” said David Michery, CEO and chairman of Mullen Automotive.
Solid-state polymer cells allow for increased safety and efficiency without sacrificing payload. The Mullen ONE with solid-state polymer battery pack highlights include:
- 190-mile estimated range
- 72-kilowatt solid-state polymer battery pack
- 4,881 lbs. GVWR
- 1,603 lbs. max payload
- 157-cubic-feet cargo volume
- 20-foot turning radius
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
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 the results of the solid-state polymer pack level testing for the Class 1 EV, anticipated timing for road testing with the solid-state battery packs in the Class 1 EV; whether the projected LFP range increase and other performance specifications will materialize and whether the Company’s EV battery development and production initiatives 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
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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FAQ
When will on-vehicle road testing of the solid-state polymer packs in the Class 1 EV cargo van begin?
What is the projected increase in range for the solid-state polymer battery pack?
What are the key features of the Mullen ONE with solid-state polymer battery pack?
