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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 announces stock buyback program with authorization to purchase up to $25 million in shares until Dec. 31, 2023.
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Mullen Automotive, an emerging electric vehicle manufacturer, has retained Christian Attar and Warshaw Burstein to combat naked short selling activities. The company believes it may have been a target of market manipulation and will investigate potential wrongdoing.
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Mullen Automotive announces that its Series D investors have exercised their final option, resulting in an additional funding of $100 million. The company now has over $235 million in cash and cash equivalents, representing 2 years of operating capital. Mullen Automotive is in its strongest financial position ever.
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Mullen Automotive, an emerging EV manufacturer, announces an investor financing moratorium for 2023 and sufficient capital for the next 12 months. Stock price has declined over 95% since March 31, 2023. Company has $135M cash on hand and $7.3M outstanding debt. Two completed acquisitions added $253M in valuable assets.
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Rhea-AI Summary
Mullen Automotive, an emerging EV manufacturer, provides a business update to shareholders. The stock has declined 90% since March 31, 2023, trading at $0.32 per share. The company's current cash position is $135M or $0.38 per share. Management believes they can meet objectives for commercial vehicle production and sales. The company has completed two acquisitions, adding valuable assets to the balance sheet.
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Rhea-AI Summary
Mullen Automotive, an emerging EV manufacturer, provides a business update to shareholders. The stock has declined 90% since March 31, 2023, and currently trades at a discount to its cash position of $135M. The company aims to meet its objectives for producing and selling Class 3 commercial vehicles by Sept. 30, 2023. Mullen has acquired Bollinger Motors and Electric Last Mile Solutions, adding valuable assets to its balance sheet.
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Mullen Automotive announces collaboration with Phenix Truck Bodies & Van Equipment to develop a light-weight truck body for its Class 3 EV, offering an EV alternative to ICE vehicles.
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Mullen Automotive, an emerging EV manufacturer, successfully participated in the Government Fleet Expo and Conference, showcasing its commercial electric vehicles. The company aims to engage with fleet customers and provide them with the opportunity to test drive their products.
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FAQ

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

The current stock price of Mullen Automotive (MULN) is $0.06 as of April 7, 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
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United States
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