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Mullen Automotive Inc - MULN STOCK NEWS

Welcome to our dedicated page for Mullen Automotive news (Ticker: MULN), a resource for investors and traders seeking the latest updates and insights on Mullen Automotive stock.

Overview

Mullen Automotive Inc is a Southern California-based manufacturer and distributor of commercial electric vehicles (EVs) and advanced energy solutions. Specializing in the design and production of cutting-edge EV trucks and cargo vans, the company delivers innovative mobility solutions tailored for commercial fleets and urban last-mile delivery. With robust capabilities in battery production and digital transformation, Mullen Automotive Inc has positioned itself as a key player in the rapidly evolving landscape of sustainable transportation and commercial EV innovation.

Business Segments and Operations

Mullen Automotive Inc operates through two primary segments, each serving distinct market needs. The Bollinger segment focuses on high-performance commercial trucks that cater to fleets requiring powerful and durable transportation solutions, while the Mullen Commercial segment specializes in vehicles designed for urban logistics, including the Class 1 EV cargo van (Mullen ONE) and the Class 3 EV cab chassis truck (Mullen THREE). The company’s state-of-the-art manufacturing facilities, located in Tunica, Mississippi and Mishawaka, Indiana, underscore its commitment to U.S.-based production and quality control.

  • Dealer Network: Mullen Automotive Inc has cultivated an extensive dealer network across key regions, ensuring nationwide sales and comprehensive service coverage.

  • Regulatory Compliance: All vehicles are developed in full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA requirements, and California Air Resources Board (CARB) certifications, ensuring superior safety and environmental performance.

Technological Innovation and Digital Integration

Innovation is at the core of Mullen Automotive Inc's strategy. The company has embraced advanced battery manufacturing technologies by integrating assets from established industry players, thereby enhancing its production capabilities and driving down costs. Moreover, its proprietary digital platform, Carhub, leverages artificial intelligence to provide a seamless and interactive experience for buying, selling, and owning a vehicle. This digital-first approach not only modernizes the consumer experience but also reinforces the company’s reputation as a forward-thinking leader in the commercial EV space.

Market Position and Industry Significance

Mullen Automotive Inc is strategically positioned to meet the growing demand for sustainable commercial transportation solutions. Its product portfolio, which ranges from versatile cargo vans to sophisticated trucks designed for urban logistics, addresses the dynamic needs of commercial fleets and specialized market segments such as home service operations. The company's emphasis on U.S.-based production, strategic partnerships, and adherence to rigorous safety and environmental standards contributes to its competitive edge in the evolving EV market. Through continuous innovation and a focus on operational excellence, Mullen Automotive Inc delivers practical, scalable, and efficient mobility solutions that resonate with both fleet operators and end users.

Expertise and Industry Leadership

Mullen Automotive Inc demonstrates deep industry expertise through its commitment to cutting-edge technology and quality manufacturing. The company’s integrated approach combines advanced production processes with digital innovations, ensuring that every vehicle meets the highest standards of performance, safety, and environmental sustainability. Its strong focus on compliance and quality control builds trust among customers, stakeholders, and industry regulators. As a result, Mullen Automotive Inc not only meets the current demands of the commercial EV market but also sets the benchmark for future advancements in electric mobility.

News
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Mullen Automotive Inc. (MULN) receives confirmation from Nasdaq that it has regained compliance with listing requirements, ensuring continued listing on The Nasdaq Stock Market. The company is now in full compliance with all Nasdaq listing rules, including annual shareholder meeting and minimum bid price requirements.
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Bollinger Motors, Inc. announces dealership groups for their commercial electric truck line, starting with the Bollinger B4 Chassis Cab in late 2024. The company aims to electrify fleets nationwide with strategic dealer partnerships and innovative design.
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Mullen Automotive Inc. announces the addition of Nacarato Truck Centers and Nuss Truck and Equipment as new dealership groups for Bollinger Motors, expanding their commercial electric truck line across seven states and 11 locations.
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Mullen Automotive Inc. announces successful testing of solid-state battery pack in Class 1 EV cargo van, resulting in an 86% increase in vehicle range from 110 miles to 205 miles. The company's latest phase of testing demonstrates promising results for commercial electric vehicles.
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Mullen Automotive Inc. highlights its focus on commercial electric vehicles, achieving positive gross margin per vehicles invoiced. The company emphasizes the production and deliveries of Class 1 and Class 3 vehicles, while Bollinger Motors gears up for Class 4 production starting in the second half of 2024. Mullen's strategic acquisitions have enabled faster scaling and production, with a strong emphasis on battery solutions and AI-driven battery management systems.
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Mullen Automotive Inc. provides an update on the U.S. Customs and Border Protection application for Class 1 EV cargo vans, with a final determination expected within one to two months. If approved, Mullen can sell these vans to all branches of the U.S. government.
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Bollinger Motors, Inc., a leading electric commercial vehicle manufacturer, partners with LaFontaine Automotive Group as their first authorized dealer in Michigan. The collaboration aims to provide top-notch customer service and expand the commercial vehicle market. LaFontaine's acquisition adds to their retail portfolio, with plans for further growth in 2024. Bollinger's innovative B4 Chassis Cab, designed with fleet input, promises unmatched safety and performance, set for delivery in the second half of 2024.
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Mullen Automotive, Inc. announces Bollinger Motors naming LaFontaine Automotive Group as its first authorized dealer for the Bollinger B4 Chassis Cab, an all-electric class 4 commercial truck. Production set to start in the second half of 2024.
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Mullen Automotive Inc. (NASDAQ: MULN) reports strong financial results for Q4 2023 with a focus on EV production and deliveries. The company reduced its net loss and achieved CARB certifications for its vehicles. Recent highlights include regaining Nasdaq compliance and significant milestones in EV development.
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Mullen Automotive Inc. reports financial results with a focus on EV production and deliveries. The company reduced net loss significantly and achieved key certifications and milestones. Financially, the company shows improved performance and strategic growth.
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FAQ

What is the current stock price of Mullen Automotive (MULN)?

The current stock price of Mullen Automotive (MULN) is $2.18 as of April 11, 2025.

What is the market cap of Mullen Automotive (MULN)?

The market cap of Mullen Automotive (MULN) is approximately 128.9K.

What is the core business of Mullen Automotive Inc?

Mullen Automotive Inc specializes in the design, manufacturing, and distribution of commercial electric vehicles and advanced energy solutions.

How does Mullen Automotive generate its revenue?

The company generates revenue through direct vehicle sales, an extensive dealer network, and strategic investments in advanced battery and digital technologies.

What are the main products offered by Mullen Automotive Inc?

Mullen Automotive Inc offers a range of commercial EVs, including the Mullen ONE Class 1 electric cargo van and the Mullen THREE Class 3 electric cab chassis truck.

How does Mullen Automotive ensure quality and safety in its vehicles?

All vehicles are built in compliance with U.S. Federal Motor Vehicle Safety Standards, EPA requirements, and CARB certifications, ensuring rigorous quality and safety standards.

What role does technology play in Mullen Automotive's operations?

Technology is integral to the company's strategy, from advanced battery production to digital platforms like Carhub that utilize AI for streamlined vehicle transactions and enhanced customer experiences.

How is Mullen Automotive positioned within the EV market?

With robust manufacturing facilities in the US, a growing dealer network, and strategic partnerships, Mullen Automotive Inc is well positioned to serve the commercial and urban transportation sectors with sustainable EV solutions.
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

MULN Stock Data

128.94k
34.77k
5.35%
2.94%
102.45%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
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