STOCK TITAN

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 announces a 1 for 9 reverse split and plans to repurchase up to $25 million in shares through a stock buyback program. The CEO believes the company is undervalued and the buyback program reflects confidence in the business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Bollinger Motors receives final approval for a $3 million grant from the state of Michigan to promote job creation. The grant funds will be distributed as the company reaches job creation milestones over the next five years. The award also includes access to $2 million in talent services and training support. Bollinger Motors has formed partnerships with Our Next Energy and Roush Industries to supply batteries, components, and manage vehicle assembly operations. Deliveries of the Bollinger B4 chassis cab are expected to begin in July 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Mullen Automotive announces a pilot program with the Shoshoni Native American Tribe to evaluate its electric vehicles in daily operations at Harrah's Northern California Resort & Casino. The partnership aligns with the tribe's commitment to a greener future and serves as a model for other organizations to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Mullen Automotive announces a commercial EV launch event scheduled for Aug. 24, 2023, to celebrate the production of Class 3 vehicles ready for customer deliveries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Bollinger Motors starts pilot builds of its all-electric Class 4 chassis cabs for testing and demonstration. The first five completed chassis cabs will roll out this summer, with another 15+ vehicles by the end of Q3 2023. Demonstrations of the pilot builds will be offered in September.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Mullen Automotive announces a 30-unit purchase order for the Mullen-GO Commercial Urban Delivery EV for Newgate Motor Group. The order represents the first sale of vehicles for delivery outside of the U.S. and into the European market. The estimated value of the order is $321K.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Mullen Automotive announces the transfer of Class 1 EV cargo van vehicles between its plants in Mishawaka, Indiana, and Tunica, Mississippi, for final assembly. The company highlights over 350 Class 1 vehicles in preparation to be transferred to Tunica, with an additional 300 vehicles scheduled to arrive for final assembly in 2023. The Tunica plant is in its final stages of production start and deliveries are expected to begin in August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Mullen Automotive announces the launch of an EV pilot program with New York Power Authority (NYPA). NYPA began testing Mullen's EV Cargo Van at its location in upstate New York. The pilot aims to eliminate carbon emissions in New York and enhance sustainability goals with all-electric commercial vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.29%
Tags
none
-
Rhea-AI Summary
Mullen Automotive announces PowerUP, a mobile EV charging truck that provides level 2 and level 3 DC fast charging capabilities. The truck will be featured on Mullen's upcoming 2023 'Strikingly Different' EV Tour and is available for sale via advance orders. It features two level 3 DC fast chargers and four level 2 chargers, providing up to 150kW of continuous power generation. The tour will cover various locations across the US and will showcase different EV models.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
none
Rhea-AI Summary
Mullen Automotive announces the 2023 'Strikingly Different' EV Tour, featuring more EV vehicles and additional U.S. stops. The tour will showcase the Mullen FIVE RS EV Sport Crossover, Mullen GT Electric Sports Car, Mullen ONE Commercial EV Cargo Van, Mullen THREE Commercial Electric Truck, and Bollinger B2 Pickup Truck. The tour will run from August to November, covering various locations across the country.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

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.
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

MULN Stock Data

339.63k
3.48M
5.35%
2.94%
102.45%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
Link
United States
BREA