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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.

Rhea-AI Summary
Mullen Automotive receives 'Qualified Manufacturer' designation, allowing for up to $7,500 federal tax credits per qualified vehicle. Vehicles with GVWR under 14,000 pounds eligible. GVWR over 14,000 pounds can qualify for $40,000 federal tax credits. Total cost of ownership advantage for Mullen's commercial offerings compared to traditional vehicles.
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Mullen Automotive Inc. launches Commercial Pulse, an advanced telematics solution for fleet optimization, providing vehicle diagnostics and maintenance alerts. The system can detect potential maintenance issues before breakdowns, enhancing efficiencies. Commercial Pulse is currently available for the Mullen ONE and Mullen THREE electric vehicles.
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Mullen Automotive announces new stops for the 2023 'Strikingly Different' EV U.S. tour, including New York City, Boston, Detroit, Denver, Salt Lake City, Sonoma, Phoenix, and Los Angeles.
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Mullen Automotive purchases battery pack production assets from Romeo Power for $3.5M, enhancing their capabilities for EV battery pack production.
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Mullen Automotive requests hearing to appeal Nasdaq's determination of non-compliance with minimum bid price requirement
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Mullen Automotive requests hearing to extend compliance period with Nasdaq Listing 5550(a)(2) due to failure to maintain minimum bid price of $1.00. Delisting or suspension action pending final decision. Panel can grant up to 180 calendar days extension.
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Mullen Automotive responds to lawsuit against brokerage firms, reveals operating expenses and cash flows
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Mullen announces additional repurchase of 2,000,000 shares of common stock, totaling $5,610,600 in repurchases so far. Buyback program authorized for up to $25 million in shares until Dec. 31, 2023.
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Mullen Automotive Inc. files lawsuit against TD Ameritrade, Charles Schwab, National Finance Services and others for alleged stock manipulation
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Mullen Automotive announces multiunit vehicle purchase order with NRTC Automation Group for three all-electric commercial Class 3 Mullen trucks
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FAQ

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

The current stock price of Mullen Automotive (MULN) is $0.107 as of April 1, 2025.

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

The market cap of Mullen Automotive (MULN) is approximately 400.8K.

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

400.79k
3.48M
5.35%
2.94%
102.45%
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