Former Tesla Lead for Advanced Manufacturing Group Joins Mullen Automotive as VP of EV Manufacturing

Rhea-AI Summary

Mullen Technologies has appointed John Taylor as VP of Manufacturing. Taylor, with experience from Tesla and General Motors, will supervise production for the MX-05 and MX-07 SUVs. This follows Mullen's announcement of a merger with Net Element, Inc. (NASDAQ: NETE), where Mullen’s stockholders will control the majority of shares post-merger. The new manufacturing facility spans over 1 million sq. ft. and aims to integrate advanced manufacturing technologies focusing on efficiency and low environmental impact, enhancing Mullen's position in the electric vehicle market.

Positive

• Appointment of John Taylor as VP of Manufacturing, enhancing leadership with substantial experience in EV manufacturing.
• Plans for a manufacturing facility covering over 1 million sq. ft. to support the production of MX-05 and MX-07 SUVs.
• Strategic merger with Net Element, allowing Mullen's shareholders majority control in the post-merger entity.

Negative

• None.

With over 12 major vehicle launches including Tesla's Model S, John Taylor brings critical engineering experience to oversee Mullen's manufacturing facilities for the MX-05 and MX-07 SUVs.

BREA, CA / ACCESSWIRE / January 21, 2021 / Mullen Technologies Inc. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. (NASDAQ:NETE) in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, is pleased to announce the hiring of John Taylor as VP of Manufacturing for Mullen Automotive. Mr. Taylor brings a great breadth of experience including oversight of a number of plant start-ups and vehicle launches in the U.S. and abroad.

After graduating from the Philpot School of Automotive Design in Detroit in 1987, Mr. Taylor joined General Motors. At GM he was involved in eleven major automotive vehicle launches serving as launch manager, operations manager, machine and equipment manager among other roles. In 2010, He joined Tesla and was one of the first 50 employees, leading the advanced manufacturing engineering group. Mr. Taylor played a critical role in the opening of the Fremont facility and manufacturing operations for the Tesla's Model S and architecture for future projects.

"The entire Mullen Team is excited to have John on board with us. His automotive manufacturing experience, especially in the EV space is unparalleled. He has the exact skill set needed to take the MX-05 and MX-07 from show car to mass production. John's first effort is overseeing our initial phase 1 manufacturing facility, which covers over 1 million sq. ft., with body assembly, paint and general assembly," said David Michery, CEO and Chairman of Mullen Technologies.

"This is an exciting time at Mullen Automotive. There's a ton of activity right now with the MX-05 and MX-07 programs taking off. We have a tremendous amount of potential and it's amazing to see the efforts come together. Our manufacturing facilities will feature leadingedge technology with focus on efficiency, safety and low environmental impact," said John Taylor, VP of Manufacturing for Mullen Automotive.

About Mullen Technologies
Mullen Technologies is a Southern California-based licensed vehicle manufacturer that operates in various verticals of the businesses, focusing in the automotive industry: Mullen Automotive, Mullen Energy, Mullen Auto Sales, Mullen Funding Corp. and CarHub. Each of these divisions provide Mullen with diversity of different products and services within the automotive industry. For more information, please visit: www.MullenUSA.com.

Forward-Looking Statements:
This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, often signify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the proposed production date of the MX-05 midsize and perceived advantages and future deployment of the solid-state polymer battery technology. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.

Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including any changes in the laws, rules and regulations relating to any aspects of the Company's business operations, general economic, market and business conditions, including capital market developments, the actions and developments of the Company's competitors and the effects of competition in the EV industry on the demand for, and price of, the Company's current and proposed products and services, various business opportunities that the Company, and factors beyond the Company's control. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way the Company expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.

Contact:
Mullen Technologies, Inc.
+1 (714) 613-1900
marketing@mullenusa.com

For more information, please visit www.mullenusa.com

SOURCE: Mullen Technologies, Inc.

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FAQ

Who has Mullen Technologies hired as VP of Manufacturing?

Mullen Technologies has hired John Taylor, who has extensive experience in automotive manufacturing, including Tesla and General Motors.

What is the significance of the merger with Net Element (NASDAQ: NETE)?

The merger allows Mullen’s stockholders to receive a majority of the outstanding stock in the new company, potentially increasing their influence and investment returns.

What models will John Taylor oversee the production for?

John Taylor will oversee the production of Mullen's MX-05 and MX-07 SUVs.