Mullen Subsidiary, Bollinger Motors, Announces Warranty Coverage for B4 Chassis Cab EV Truck
Mullen Automotive's subsidiary, Bollinger Motors, has announced comprehensive warranty coverage for its B4 Chassis Cab EV Truck. The EPA-certified B4 offers one of the strongest warranties in the commercial market, including:
- Bumper-to-bumper: 3-year/36,000-miles
- Powertrain: 5-year/50,000-miles
- High-voltage battery: 8-year/100,000-miles
- Frame rails and cross-members: 5-years/unlimited miles
- Corrosion (perforation only): 5-years/unlimited miles
Bollinger expects B4 deliveries to begin in the second half of 2024. The company has achieved several milestones, including EPA certification, multiple vehicle sales, and partnerships with key suppliers and service providers. Former GM executive James Taylor has been appointed as CEO, positioning Bollinger for continued success as it prepares for production.
La filiale di Mullen Automotive, Bollinger Motors, ha annunciato una copertura di garanzia completa per il suo Camion Elettrico B4 Chassis Cab. Il B4, certificato dall'EPA, offre una delle garanzie più forti nel mercato commerciale, che include:
- Copertura totale: 3 anni/36.000 miglia
- Gruppo motopropulsore: 5 anni/50.000 miglia
- Batteria ad alta tensione: 8 anni/100.000 miglia
- Travi del telaio e traversine: 5 anni/miglia illimitate
- Corrosione (solo perforazione): 5 anni/miglia illimitate
Bollinger prevede che le consegne del B4 inizieranno nella seconda metà del 2024. L'azienda ha raggiunto diversi traguardi, tra cui la certificazione dell'EPA, molteplici vendite di veicoli e partnership con fornitori e servizi chiave. L'ex dirigente della GM James Taylor è stato nominato CEO, posizionando Bollinger per un successo continuo mentre si prepara alla produzione.
La subsidiaria de Mullen Automotive, Bollinger Motors, ha anunciado una cobertura de garantía integral para su Camión Eléctrico B4 Chassis Cab. El B4, certificado por la EPA, ofrece una de las garantías más robustas en el mercado comercial, que incluye:
- De parachoque a parachoque: 3 años/36,000 millas
- Grupo motopropulsor: 5 años/50,000 millas
- Batería de alta tensión: 8 años/100,000 millas
- Travesaños y traviesas: 5 años/millas ilimitadas
- Corrosión (solo perforación): 5 años/millas ilimitadas
Bollinger espera que las entregas del B4 comiencen en la segunda mitad de 2024. La empresa ha alcanzado varios hitos, incluyendo la certificación de la EPA, múltiples ventas de vehículos y asociaciones con proveedores y servicios clave. El exejecutivo de GM, James Taylor, ha sido nombrado CEO, posicionando a Bollinger para un éxito continuo mientras se prepara para la producción.
멀렌 오토모티브의 자회사인 볼린저 모터스가 B4 샤시 캡 전기 트럭에 대한 종합 보증 범위를 발표했습니다. EPA 인증을 받은 B4는 상업 시장에서 가장 강력한 보증 중 하나를 제공하며, 포함되는 내용은:
- 범위: 3년/36,000마일
- 파워트레인: 5년/50,000마일
- 고전압 배터리: 8년/100,000마일
- 프레임 레일과 크로스 멤버: 5년/무제한 마일
- 부식(구멍만): 5년/무제한 마일
볼린저는 B4의 배송이 2024년 하반기에 시작될 것으로 예상하고 있습니다. 이 회사는 EPA 인증, 여러 차량 판매, 주요 공급업체 및 서비스 제공업체와의 파트너십 등 여러 이정표를 달성했습니다. 전 GM 임원 제임스 테일러가 CEO로 임명되어 볼린저가 생산 준비를 하며 지속적인 성공을 거둘 수 있도록 하고 있습니다.
La filiale de Mullen Automotive, Bollinger Motors, a annoncé une couverture de garantie complète pour son Camion Électrique B4 Châssis Cab. Le B4, certifié par l'EPA, offre l'une des garanties les plus solides sur le marché commercial, comprenant :
- Garantie totale : 3 ans/36 000 milles
- Groupe motopropulseur : 5 ans/50 000 milles
- Batterie haute tension : 8 ans/100 000 milles
- Rails et traverses du châssis : 5 ans/milles illimitées
- Corrosion (perforation uniquement) : 5 ans/milles illimitées
Bollinger s'attend à ce que les livraisons du B4 commencent dans la seconde moitié de 2024. L'entreprise a atteint plusieurs jalons, notamment la certification EPA, plusieurs ventes de véhicules et des partenariats avec des fournisseurs et des prestataires de services clés. L'ancien dirigeant de GM, James Taylor, a été nommé PDG, positionnant Bollinger pour un succès continu alors qu'elle se prépare à la production.
Die Tochtergesellschaft von Mullen Automotive, Bollinger Motors, hat eine umfassende Garantie für ihren B4 Chassis Cab EV Truck angekündigt. Der von der EPA zertifizierte B4 bietet eine der stärksten Garantien auf dem kommerziellen Markt, die Folgendes umfasst:
- Bumper-to-Bumper: 3 Jahre/36.000 Meilen
- Antriebsstrang: 5 Jahre/50.000 Meilen
- Hochvolt-Batterie: 8 Jahre/100.000 Meilen
- Rahmen und Querverbindungen: 5 Jahre/unbegrenzte Meilen
- Korrosion (nur Durchrostung): 5 Jahre/unbegrenzte Meilen
Bollinger erwartet, dass die Auslieferungen des B4 in der zweiten Hälfte des Jahres 2024 beginnen werden. Das Unternehmen hat mehrere Meilensteine erreicht, einschließlich der EPA-Zertifizierung, mehrerer Fahrzeugverkäufe und Partnerschaften mit wichtigen Lieferanten und Dienstleistern. Der ehemalige GM-Manager James Taylor wurde zum CEO ernannt, wodurch Bollinger für anhaltenden Erfolg positioniert wird, während es sich auf die Produktion vorbereitet.
- Comprehensive warranty coverage for B4 Chassis Cab EV Truck, enhancing product appeal
- EPA certification received for the B4 model
- Multiple vehicle sales secured with various fleet management companies
- Partnerships established with key suppliers and service providers
- Appointment of experienced former GM executive James Taylor as CEO
- Deliveries of B4 not expected until second half of 2024, potentially delaying revenue generation
The Bollinger B4 warranty announcement is a significant move for Mullen Automotive, demonstrating their commitment to product reliability and customer satisfaction. From a financial perspective, the comprehensive warranty coverage could have multiple implications:
- Customer Confidence: The extensive warranty is likely to bolster customer confidence, reducing perceived risk and potentially accelerating sales. This could lead to increased revenue streams in both the short and long term.
- Cost Implications: Offering such an extensive warranty means Mullen Automotive is confident in the product’s durability. However, there's an inherent financial risk in potential future warranty claims. The company must balance this with their financial reserves and ensure they have adequate provisions for any claims.
- Market Positioning: The warranty positions Bollinger B4 competitively within the commercial EV market, likely enhancing market share and brand reputation. It signals to investors a strategic move towards cementing their market presence and reliability.
Technological Perspective: The Bollinger B4’s warranty specifics give insight into the technological confidence Mullen Automotive has in their product. For instance:
- High-Voltage Battery: An 8-year/100,000-mile warranty on the high-voltage battery is a strong indicator of the battery's expected longevity and reliability. This warranty period aligns with industry leaders and reassures customers about the EV’s long-term viability.
- Frame and Corrosion Protection: A 5-year unlimited miles warranty on frame rails and corrosion protection indicates high engineering standards. This suggests advanced materials and coatings are used, which can be a key selling point for fleet managers concerned with long-term vehicle integrity.
Overall, these warranties highlight Mullen's investment in robust and durable EV technology, offering confidence to both investors and potential customers about the vehicle’s quality and longevity.
Market Impact: The Bollinger B4’s comprehensive warranty can significantly influence market dynamics. Here’s how:
- Competitive Edge: The warranty sets Bollinger B4 apart from competitors in the commercial EV market, which is important as fleets look for reliable and cost-effective solutions. It can attract new customers who prioritize long-term vehicle reliability.
- Partnerships and Sales: The mention of partnerships and sales to entities like Doering Fleet Management and Spencer Manufacturing underscores growing market traction. These partnerships can lead to more sales and enhanced market visibility.
- Future Growth: The strategic move to offer such warranties, coupled with key partnerships and sales milestones, indicates a robust go-to-market strategy. This is an encouraging sign for investors looking for long-term growth potential in the EV market.
In summary, the warranty announcement not only promises potential revenue growth but also solidifies Bollinger B4's position as a reliable player in the commercial EV market.
The EPA certified B4 provides one of the strongest warranties in the commercial market today
Warranty includes: Bumper-to-bumper, 3-year/36,000-miles; powertrain, 5-year/50,000-mile; high-voltage battery, 8-year/100,000-miles; frame rails and cross-members, 5-years/unlimited miles; corrosion (perforation only), 5-years/unlimited miles
BREA, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today its subsidiary, Bollinger Motors (“Bollinger”), releases its full warranty coverage on the Bollinger B4 Chassis Cab, the company’s all-new, all-electric Class 4 commercial truck.
Under the warranty, Bollinger will provide comprehensive, competitive coverage for:
- Bumper-to-bumper: 3-year/36,000-miles
- Powertrain: 5-year/50,000-miles
- High-voltage battery: 8-year/100,000-miles
- Air conditioning: 5-year/50,000-miles
- Frame rails and cross-members: 5-years/unlimited miles
- Corrosion (perforation only): 5-years/unlimited miles
- Tires: 4-years/unlimited miles
“We have designed and engineered the Bollinger B4 to have unmatched capability and durability, and we are proud to be offering warranty coverage to reflect that,” said Jim Connelly, chief revenue officer of Bollinger Motors. “Our warranty provides our customers the peace of mind they need in making their decision and demonstrates the confidence we have in the B4.”
The Bollinger B4 is designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 158-kilowatt-hour, dual-battery pack and components to offer unparalleled capability and safety in the commercial market. The company anticipates deliveries of the Bollinger B4 to begin in the second half of 2024.
Warranty availability is another important next step in bringing the Bollinger B4 to market. The company has reached several milestones in recent months, including: receiving the Certificate of Conformity from the Environmental Protection Agency; a 70 vehicle sale to Doering Fleet Management; a five vehicle sale to Spencer Manufacturing, which will upfit the vehicles into emergency rescue trucks; an 80 vehicle sale to Momentum Group; 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.
In addition to Bollinger Motors’ growth, it recently named former General Motors’ executive James Taylor as CEO. He takes over for company founder Robert Bollinger, who is a founding shareholder and will remain on the company’s Board of Directors. This leadership change positions Bollinger Motors for continued success as the company prepares for production.
To learn more about preordering the B4 Chassis Cab, visit www.BollingerMotors.com.
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, what if any impact the warranty will have on vehicle sales and the timing of completion and delivery of the Bollinger B4. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. 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
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