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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. announces that vehicle production will begin in July 2023 at its Manufacturing Center in Tunica, Mississippi. The company has partnered with NRTC Automation for assembly line installation and integration. Mullen has received $279 million in purchase orders for Class 1 and Class 3 EV Vans and Trucks from Randy Marion Automotive Group. The Tunica facility has hired an additional 35 plant staff to support production start.
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Mullen Automotive provides an update on the pilot program contract for the installation of Energy Management Modules (EMM) on Washington, D.C.'s city government's fleet of vehicles. The $680,000 contract was awarded to EV Technologies, LLC. Testing and installation will be completed on 40 vehicles in the coming weeks.
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Mullen Automotive provides a business update to shareholders, including details on vehicle orders and collaborations. The company has received $279 million in purchase orders for Mullen Class 1 and Class 3 EV Vans and Trucks. They have also formed Mullen Advanced Energy Operations (MAEO) to improve energy management technology in EVs. The company plans to integrate solid-state polymer battery technology in their Class 1 EV cargo vans. Bollinger Motors' Class 4-6 commercial vehicles are 90% complete, and the Mullen FIVE crossover vehicle is in development.
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Mullen Automotive Inc. announces a 1-for-25 reverse stock split to maintain its listing on Nasdaq.
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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%
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