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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.

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Mullen Automotive Inc. has received full approval from the EPA for its Mullen ONE electric Class 1 cargo van, allowing the company to begin shipments to its distributor, Randy Marion Automotive. The van is designed for urban delivery, with a starting price of $34,500 and an estimated range of 110 miles.
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Mullen Automotive, Inc. provides an update to shareholders, highlighting key milestones and achievements. Manufacturing of Class 1 cargo vans has started, with expected delivery of 300 vans in 2023 and 6,000 vans in 2024. The company has received permission to continue listing on Nasdaq, contingent on meeting specific conditions. Marianne McInerney has been appointed as Chief Strategy Officer. Mullen's Class 3 vehicles are now eligible for federal EV tax credits. The company has also filed a lawsuit against TD Ameritrade and others for stock manipulation.
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Mullen Automotive granted request to continue listing on Nasdaq Capital Market
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Mullen Automotive announces an update on the lawsuit filed against TD Ameritrade, Charles Schwab, and others for alleged stock manipulation. The parties have been directed by the court to file necessary documents by specific dates to expedite the ruling on the motion to dismiss.
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Mullen Automotive Inc. announces filing of preliminary proxy statement for a special stockholders' meeting to authorize a reverse stock split.
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Mullen Automotive appoints Marianne McInerney as Chief Strategy Officer
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Mullen Automotive delivers the first ten Class 3 EV Cab Chassis Trucks to Randy Marion Automotive Group, part of a $63M purchase order. Additional 150 units planned for delivery in 2023, with the rest in 2024. Achieved key milestones including federal EPA certification and IRS approval for tax credits.
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Mullen continues achieving business objectives despite challenges. Recent highlights include receiving EPA certification for Class 3 EV commercial vehicles, engaging Donohoe Advisory to regain compliance with Nasdaq bid price requirement, and filing a complaint against Defendants for market manipulation. Mullen has also secured significant purchase orders and received IRS approval for federal EV tax credits. They acquired battery pack production assets from Romeo Power and started Class 3 vehicle production. Mullen has initiated a $25 million stock buyback program and launched their in-house fleet telematics solution. The company remains optimistic about achieving business objectives.
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Mullen Automotive Inc. achieves EPA certification for Class 3 EV Commercial Vehicles, allowing shipments to customers. Class 3 vehicle production began in August 2023, with the first vehicles rolling off the assembly line on Aug. 21, 2023. Mullen has received orders totaling $78.7 million for 1,250 Class 3 EV cab chassis trucks. Deliveries are set to begin this week.
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Mullen Automotive achieves EPA certification for Class 3 EV Commercial Vehicles
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FAQ

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

The current stock price of Mullen Automotive (MULN) is $0.0795 as of April 3, 2025.

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

The market cap of Mullen Automotive (MULN) is approximately 315.9K.

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

315.93k
3.48M
5.35%
2.94%
102.45%
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