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.
Mullen Automotive Inc (MULN) is a leader in commercial electric vehicle innovation, specializing in Class 1-3 EVs for urban logistics and fleet operations. This page provides authorized updates on corporate developments, product milestones, and strategic initiatives directly from the company and verified sources.
Access timely announcements including new vehicle certifications, production updates from Mullen's U.S. manufacturing facilities, and partnerships advancing battery technology. Investors and industry observers will find essential updates on regulatory compliance achievements, dealer network expansions, and progress with the Carhub digital ecosystem.
All content is curated to meet strict journalistic standards, focusing on operational developments rather than market speculation. Information is organized chronologically with clear sourcing to enable efficient tracking of Mullen's progress in sustainable transportation solutions.
Bookmark this page for structured access to MULN's evolving position in commercial EVs, including updates from their Bollinger and Mullen Commercial segments. Check regularly for verified announcements about production capabilities, vehicle certifications, and technological advancements in electric mobility.
Mullen Automotive (NASDAQ: MULN) has announced a significant purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, LLC, valued at approximately $200 million.
This partnership marks the first commercial dealer relationship for Mullen, highlighting the growing demand for its electric vehicles. Deliveries are expected to commence in the First Quarter of 2023.
Mullen Automotive (NASDAQ: MULN) announced a firm purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, valued at approximately $200 million. Deliveries are set to begin in the first quarter of 2023. RMA, a major commercial vehicle dealer, has become Mullen's first commercial dealer partner, indicating strong demand for Mullen's EV solutions. This partnership aligns with Mullen’s strategy to leverage their commercial EV portfolio, manufactured at their plant in Mississippi.
Mullen Automotive (NASDAQ: MULN) has announced a partnership with Loop Global to enhance EV charging infrastructure through a $300 million financing program. The collaboration aims to combine Mullen's vehicle engineering with Loop's charging solutions, offering a complete system for both public and private charging needs. This includes Level 2 and Level 3 DC fast charging capabilities and a unique financing model that allows customers to implement charging stations at no upfront cost. The partnership strives to accelerate the adoption of electric vehicles in the USA.
Mullen Automotive has partnered with Randy Marion Automotive, becoming the first commercial dealer group to offer sales, service, and parts for Mullen's Class 1-6 electric vehicle (EV) lineup, expected to launch in 2023. This collaboration aims to address the underserved commercial EV market, particularly in the Class 1 cargo van segment, as OEMs have exited this space. Randy Marion expressed confidence in Mullen's offerings, while Mullen's CEO highlighted the significance of this partnership for the company's growth.
Mullen Automotive has appointed Ronald Dixon as General Manager of Government Sales, targeting U.S. federal vehicle procurement programs. Dixon, with over 42 years in the automotive sector, will leverage his extensive experience from General Motors to facilitate Mullen's entry into this market. The Biden administration aims to convert the federal fleet of approximately 650,000 vehicles to electric, offering significant growth opportunities for Mullen, which specializes in electric vehicles. The move aligns with Mullen's vision for commercial EV sales success.
Mullen Automotive has appointed Donald Borthwick as Vice President of Commercial Sales, bringing over 25 years of experience from Ford. Borthwick's track record includes an 18% increase in commercial vehicle sales and strong relationships with key commercial accounts. His leadership is expected to enhance Mullen’s position in the commercial EV market. Mullen, which focuses on developing affordable electric vehicles entirely in the U.S., aims to deliver its first crossover, the Mullen FIVE, in 2024. This strategic hire is part of Mullen's broader efforts to expand its market presence.
Mullen Automotive has successfully completed the acquisition of Electric Last Mile Solutions’ assets on November 30, 2022, in a cash deal valued at $105 million. This acquisition enhances Mullen's manufacturing capacity, allowing for faster market entry with its Class 1 and Class 3 vehicles, expected in Q1 and Q2 of 2023, respectively. The Mishawaka, Indiana factory, previously home to GM’s Hummer H2 production, is now set for Mullen's FIVE SUV and Bollinger B1 and B2 platforms, reducing launch costs and accelerating timelines.
Mullen Automotive (NASDAQ: MULN) has secured $150 million from existing shareholders to expedite the production and delivery of electric vehicles (EVs). The funds will facilitate the acquisition of ELMS assets, which include a factory in Indiana capable of producing up to 50,000 vehicles annually. This strategic move is expected to accelerate the launch of Mullen's cargo van program and enhance manufacturing capabilities. CEO David Michery emphasized that this acquisition positions Mullen as a potential leader in the EV market, aligning with their goal of creating affordable, premium EVs built in the U.S.
Mullen Automotive (NASDAQ: MULN) announced the successful completion of the third stop of its "Strikingly Different" EV Crossover Tour in Las Vegas, attracting a fully booked audience. The tour, which showcases the Mullen FIVE, includes interactive experiences with the vehicle's advanced infotainment system and its unique Personal Vehicle Assistant technology. The positive engagement continues in Texas this week, with future stops planned across the southeastern USA. CEO David Michery emphasizes the importance of customer feedback for enhancing the Mullen FIVE ahead of its anticipated release in 2024.
Mullen Automotive (NASDAQ: MULN) has completed the third stop of its Mullen FIVE “Strikingly Different” U.S. tour in Las Vegas and is headed to Texas with stops in Dallas on Nov 14-15 and Houston on Nov 18-19. The tour has received an overwhelmingly positive response, with all initial stops booked out. Mullen is gathering customer feedback for future vehicle enhancements. The tour aims to enhance visibility for the Mullen FIVE, which will have a second leg starting in Spring 2023, featuring the high-performance Mullen FIVE RS.
