News Archives - Green Car Stocks

ThursdaySep 21, 2023 12:00 pm

GreenCarNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Cargo Vans Purchased by NYPA on Heels of Successful EV Pilot

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the New York Power Authority (“NYPA”) has purchased the company’s campus delivery cargo vans after successful completion of an EV pilot program at NYPA’s 16-turbine hydroelectric facility in northern New York. According to the update, the 60-day EV cargo van pilot began on July 6, 2023, and concluded in early September 2023. As a result, NYPA will purchase the initial pilot vehicles for fleet operations at its St. Lawrence-Franklin D. Roosevelt Power Project and is assessing additional NYPA locations for Mullen’s full lineup of commercial EVs. “It’s…

TuesdaySep 19, 2023 1:11 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives IRS Approval as ‘Qualified Manufacturer,’ Qualifies for Federal EV Tax Credit

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received approval from the IRS for its “qualified manufacturer” designation. The designation means the company qualifies for commercial EV federal tax credits of up to $7,500 per qualified vehicle with gross vehicle weight ratings (“GVWRs”) of under 14,000 pounds. According to the announcement, both the Mullen ONE, a class 1 EV Cargo Van, and the Mullen THREE, a class 3 EV Cab Chassis Truck, meet the qualifications and are approved for the tax credits. The announcement also noted that, according to IRS regulation, vehicles with gross vehicle weight ratings of more…

MondaySep 18, 2023 3:49 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Launch of Proprietary Fleet Telematics Solution

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has launched Commercial Pulse, an advanced telematics application for customers that offers a complete solution for vehicle diagnostics and fleet optimization. According to the announcement, Mullen’s Commercial Pulse is an advanced telematics AI app that provides drivers and fleet companies with maintenance alerts, real-time vehicle location, driver safety, battery state of charge, metrics and more for fleets of vehicles. Included in the system is an end-user dashboard that displays asset and trip management, electric vehicle and driver performance, geofencing and reporting. The system is available via two mobile applications —…

ThursdaySep 14, 2023 2:20 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Releases Upcoming Destinations for 2023 Strikingly Different EV Experience

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is announcing new stops on its 2023 Strikingly Different EV U.S. tour. This month the EV experience will be in North Carolina as well as Washington, D.C., Philadelphia, New York City and Boston. This year’s Strikingly Different tour began in August, with its first stop in Austin, Texas; the innovative in-person tour is slated to go through November 2023 and includes destinations in the South and Midwest as well as on both the East and West Coasts. Announced tour stops in October include Detroit, Denver, Salt Lake City and Sonoma,…

MondaySep 11, 2023 1:11 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Strategic Acquisition of Romeo Power Assets

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its purchase of battery pack production assets from Romeo Power for approximately $3.5 million. According to the announcement, the deal includes equipment, inventory and intellectual property for high volume EV battery pack and module production. The assets include production lines for EV pack assembly and precision R&D module and pack development with associated inventory allowing for production of modules and vehicle battery packs. In addition, the purchased assets include battery testing and validation equipment, computer numerical control (“CNC”) equipment for battery pack and module enclosure production. “Purchasing the…

ThursdaySep 07, 2023 4:31 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Delisting Notification from NASDAQ, Files an Appeal

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received a letter from the Listing Qualifications Department of the NASDAQ Stock Market. The letter notes that MULN did not meet the deadline to regain compliance with NASDAQ listing requirements; the deadline was Sept. 5, 2023. According to the notice, the company failed to maintain a minimum bid price of $1. In response to the notice, Mullen Automotive has filed an appeal, requesting a hearing before the NASDAQ Listing Qualifications Panel. The company intends to request an extension of time and the opportunity to present its plan to regain…

FridaySep 01, 2023 11:29 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Responds to Question Asked on ‘Making Money with Charles Payne’

Mullen Automotive’s (NASDAQ: MULN) CEO and Chairman David Michery appeared on “Making Money with Charles Payne” on Fox Business on Thursday, Aug. 31, to discuss the lawsuit against large brokerage firms for unlawful trading practices of the company’s stock and other matters. The company today announced its response to a question asked during Michery’s appearance on the program, which aired on Fox Business at 2:55 p.m. ET on Aug. 31, 2023. Michery and Wes Christian of the law firm of Christian Attar were interviewed by host Charles Payne to discuss various matters and, notably, Mullen’s recent lawsuit against large brokerage…

WednesdayAug 30, 2023 12:53 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update on Stock Buyback Program, File Suit Against Schwab, TD Ameritrade for Naked Short Selling

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its stock buyback program. The buyback program started on Aug. 16, 2023, and could go through Dec. 31, 2023. According to the announcement, the company has repurchased $5,610,600 in shares of its Mullen’s original announcement on Aug. 17, 2023. MULN’s board of directors approved the stock buyback program in July; approval allows the company to purchase up to $25 million in shares. The shares may be repurchased in the open market or in privately negotiated transactions. “As I have stated on many prior occasions, I believe that…

TuesdayAug 29, 2023 3:25 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Filing of Lawsuit Against Large Stock Brokerage Firms

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed a lawsuit in the United States District Court, in the Southern District of New York, against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that these broker dealers engaged in a scheme to manipulate the share price of the company’s securities. According to the announcement, the lawsuit seeks compensatory damages and injunctive relief from defendants arising from their unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934. “MULN is one of the…

MondayAug 28, 2023 12:04 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Class 3 Vehicle PO from NRTC Automation Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received a multiunit vehicle purchase order from NRTC Automation Group for three all-electric commercial class 3 Mullen trucks; the announcement noted that delivery of the vehicles is scheduled to begin in Q4 2023. Alabama-based NRTC, which has locations in South Carolina, Michigan and Ontario, provides turnkey automation, prototyping and production manufacturing solutions for the automotive industry. Mullen noted that the Mullen THREE is an efficient class 3 low-cab, forward EV truck featuring an 11,000 gross vehicle weight rating as well as a turning diameter of 38 feet and excellent visibility…

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