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.

12/19/2023 12:00 PM

News

Mullen CEO Addresses Letter to Shareholders

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Mullen Automotive, Inc. (NASDAQ: MULN) recently announced a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The CEO, David Michery, explained the decision in an open letter to shareholders, citing the need to raise capital and protect shareholder interests.

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12/19/2023 11:45 AM

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Mullen Automotive Inc. Announces 1-for-100 Reverse Stock Split Effective December 21, 2023

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Mullen Automotive Inc. (NASDAQ: MULN) announced a 1-for-100 reverse stock split of its common stock to maintain its listing on Nasdaq. The split will be effective on December 21, 2023, and aims to comply with the $1.00 minimum bid price requirement. The company's board of directors approved the reverse split, with the new CUSIP number for the common stock following the split being 62526P 406.

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12/15/2023 03:08 PM

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MULLEN AUTOMOTIVE INC. ADJOURNS SPECIAL MEETING TO DECEMBER 18, 2023

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Mullen Automotive Inc. (NASDAQ: MULN) adjourned its Special Meeting of Stockholders to December 18, 2023, to solicit more votes for the Reverse Stock Split Proposal aimed at increasing the per share market price to meet Nasdaq's listing requirements.

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12/14/2023 09:00 AM

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Now Shipping: Mullen Delivers Class 3 EV Trucks to NRTC Automation Group

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Mullen Automotive, Inc. (NASDAQ: MULN) delivered a Class 3 EV low cab forward vehicle to NRTC Automation Group in Birmingham, Alabama. NRTC purchased Mullen’s all-electric Class 3 low cab forward, the Mullen THREE, as part of its vehicle fleet. The production is based out of Tunica, Mississippi, and Mullen began first deliveries of the Mullen THREE to Randy Marion on Sept. 28, 2023. Randy Marion received its North Carolina license to retail Mullen’s commercial EVs on Nov. 16, 2023.

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12/08/2023 06:30 AM

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Mullen Provides Securities Litigation Update

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Mullen Automotive Inc. (NASDAQ: MULN) files spoofing complaint against several broker-dealers alleging a 2-year scheme to manipulate company securities. The complaint was filed in the United States District Court for the Southern District of New York on Dec. 6, 2023. The company believes that the spoofing litigation has exponentially greater potential to recover damages based on the nature of the claims and the duration of the alleged spoofing period. The decision to file the spoofing complaint led to the voluntary dismissal of a previous lawsuit focusing on short-selling claims. CEO David Michery emphasizes the company's focus on transparency and protecting long-term value for stockholders.

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12/06/2023 02:05 PM

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Mullen Files Landmark Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices

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Mullen Automotive, Inc. (NASDAQ: MULN) has filed a complaint against UBS Securities, LLC, IMC Financial Markets, and Clear Street Markets, LLC for engaging in a market manipulation scheme involving spoofing. The complaint alleges that over 5 billion shares were issued at artificially deflated prices since the company's Nasdaq debut in November 2021.

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12/04/2023 03:02 PM

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Mullen Delivers Electric Vehicles to Randy Marion Automotive Group for Sale to Customers

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Mullen Automotive, Inc. (NASDAQ: MULN) announces new deliveries of the All-Electric Class 3, Mullen THREE, low cab forward chassis truck to Randy Marion Automotive Group in North Carolina. The Mullen THREE features a robust payload, 125-mile range, and is purpose-built for urban last mile delivery. The company continues to ship completed vehicles from its Tunica, Mississippi, commercial vehicle assembly plant to RMA customers.

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11/27/2023 08:30 AM

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Mullen Automotive Provides Update on US Customs and Border Protection Application for Class 1 EV Cargo Vans

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Mullen Automotive Inc. (MULN) and Rapid Response Defense Systems file responses for final ruling and compliance by U.S. Customs and Border Protection for Mullen's Class 1 EV cargo van. Potential for vehicles to be sold within all branches of US Government. Mullen confirms vehicle and components have been substantially transformed to meet U.S. Federal Motor Vehicle Safety Standards and EPA regulations. Mullen's global sourcing for the Mullen ONE EV cargo van includes supply contracts with multiple Tier One and Tier Two OEM suppliers from South Korea, Germany, Romania, China, Canada, and the U.S. Mullen Automotive and RRDS to display the Mullen ONE EV cargo van at the upcoming Fed Fleet conference in Washington, D.C.

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11/16/2023 09:00 AM

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Mullen Announces Randy Marion Automotive Group Receives N.C. License for Retailing Mullen Electric Vehicles

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Mullen Automotive Inc. (NASDAQ: MULN) announces the delivery of initial Class 3 vehicles to customers including Adventure Coast Rentals, Godotek, and NRTC Automation Group. The Tunica assembly plant will ship the next 40 completed vehicles, pre-sold to RMA customers like Duke Energy, Merchants Fleet, and MGT Leasing. The company's dealer license in North Carolina enables the movement of vehicles to customers. Class 1 vehicle production has commenced, and both Class 1 and Class 3 production lines are operational at Mullen’s Tunica Commercial Vehicle Assembly Plant. The company aims to deliver 150 Class 3 and 300 Class 1 vehicles by the end of 2023.

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11/13/2023 09:15 AM

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Mullen Expands US Battery Operations, Moves to Solid-State Polymer Pack Testing as EV Business Scales

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Mullen Automotive Inc. (NASDAQ: MULN) announces the addition of a new high-energy facility in Fullerton, California, dedicated to EV battery development and production. The facility will focus on producing next-generation American-made EV battery packs, including solid-state polymer battery packs for Class 1 EV cargo vans. The company plans to close its Monrovia facility by the end of 2023 and transfer existing battery testing and production equipment to the new Fullerton location. The solid-state polymer battery packs will result in a 73% increase in range, with Mullen's 190+ mile range set to be class-leading across all current available Class 1 commercial vehicles. The company's increased focus on American-made and packaged EV batteries is further accelerated by the Inflation Reduction Act, which includes significant incentives for EV manufacturers to produce 'American Made' EVs with domestically sourced battery materials and packaging.

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FAQ

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

The current stock price of Mullen Automotive (MULN) is $0.0775 as of April 4, 2025.

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

The market cap of Mullen Automotive (MULN) is approximately 339.6K.

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.