News Archives - Page 14 of 51

ThursdayApr 18, 2024 2:31 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports Recent Operational Highlights

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that the 500th commercial vehicle was recently produced out of its Tunica, Mississippi, commercial vehicle manufacturing and assembly facility, marking a manufacturing milestone. The announcement also detailed Mullen’s recent highlights, noting that the company has 18 active commercial vehicle pilots underway and that the expansion of its U.S. retail network with dealers located on the West Coast, Midwest and Mid-Atlantic regions is expected to commence in June 2024. In addition, the expansion of commercial vehicle distribution in Europe, which plans to sell 800 units, is expected to begin…

ThursdayApr 18, 2024 2:04 pm

GreenCarNewsBreaks – Life Electric Vehicles Holdings Inc. (LFEV) Engages IBN for Corporate Communications Expertise

Life Electric Vehicles Holdings (OTC: LFEV) (d/b/a Life EV Group), a developer, manufacturer and distributor in the light electric vehicle industry, is partnering with IBN, a multifaceted financial news and publishing company for private and public entities. According to the announcement, IBN will assist the company with its corporate communications initiatives. Life Electric Vehicles Holdings, along with its subsidiaries, is focused on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs with the aim of positioning itself as an industry leader in the American micro-mobility market. As part of the client partner relationship, IBN…

WednesdayApr 17, 2024 2:58 pm

GreenCarNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces Enhanced Features of 2024 Lucid Air Grand Touring Model

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, has released details about its 2024 Lucid Air Grand Touring. This year’s model features enhancements designed to help people drive farther and charge faster in a broader range of environments and conditions. Enhanced features include an EPA-estimated range of 516 miles, the longest range of any EV in the U.S. market today; more efficiency and more sustainable performance, thanks to the vehicle’s proprietary motor design, battery cell chemistry and thermal characteristics; and an estimated 15%–30% faster…

MondayApr 08, 2024 3:05 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Streamlines Operations to Focus on Commercial Segment

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the company has initiated significant cost reduction and consolidation measures, aligning budget to current conditions. Actions are expected to drive an estimated $170 million reduction in Mullen’s operating and investing cash flow expenses over the next 12 months when compared to operating and investing cash flows for the 12 months ended Sept. 30, 2023. The company is making these changes to refine business operations and better align focus on the commercial EV segment that has opportunity to drive near term revenue for Mullen, including projected April sales…

MondayApr 01, 2024 3:55 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces FTZ Filing as ‘Strategic Initiative’

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has filed for Foreign Trade Zone (“FTZ”) status with the U.S. Department of Commerce; the company is filing for the status at its commercial vehicle manufacturing and assembly center in Tunica, Mississippi. According to the announcement, the company anticipates that FTZ status would provide key benefits, including the opportunity for improving company cash flow through reduction of taxes, fees and deferment of import duties. Specifically, Mullen projects that deferred working capital on domestic sales could result in deferred capital outlays of $10 million for the remainder of fiscal year 2024.…

ThursdayMar 28, 2024 3:31 pm

GreenCarNewsBreaks – Ideal Power Inc. (NASDAQ: IPWR) Reports on $15M Public Offering

Ideal Power (NASDAQ: IPWR), a company pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN(TM) bidirectional semiconductor power switch, has priced its previously announced underwritten public offering. The offering, which is anticipated to close today, consists of 2,000,000 shares of its common stock (or prefunded warrants in lieu thereof) at $7.50 per share of common stock. The public offering is expected to result in an estimated $15 million in gross proceeds before standard deductions are made. Ideal Power anticipates using the funds for general corporate and working capital purposes. The company also noted that it has…

MondayMar 25, 2024 12:49 pm

GreenCarNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Receives $1B Investment from Major Stockholder

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle and selected to Car and Driver's 10-Best list for 2024, has received an additional investment from its majority stockholder. The company has entered into an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund ("PIF"), to purchase $1 billion of newly created series of convertible preferred stock via private placement; the purchase is subject to customary agreements. Lucid anticipates using the funds from the private placement for general corporate purposes. “We are extremely pleased…

WednesdayMar 13, 2024 4:30 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Issues Update on US Government Ruling for Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today provided an update on the U.S. Customs and Border Protection (“CBP”) application for Class 1 EV cargo vans. According to the announcement, the CBP, on March 5, 2024, informed Rapid Response Defense Systems (“RRDS”) counsel that a final determination on the ruling request needs to be issued by the U.S. General Services Administration (“GSA”). Based on CBP advice, Mullen and RRDS are proceeding with the GSA in order to finalize qualification of Mullen to sell Class 1 EV cargo vans to all branches of the U.S. government. “Mullen is…

TuesdayMar 05, 2024 2:58 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Adds Two New Dealers to Growing Distributorship Network

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced that its subsidiary, Bollinger Motors, is expanding its footprint. The company has named an additional two dealership groups as it rolls out its commercial truck line. The two dealership groups — Nacarato Truck Centers and Nuss Truck and Equipment — span seven states and include 11 locations. A U.S.-based company headquartered in Michigan, Bollinger Motors develops all-electric commercial chassis cab trucks. The company is beginning its rollout with its B4 Chassis Cab, an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input, which…

ThursdayFeb 29, 2024 2:08 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Begins Road Testing on Solid-State Polymer Battery Pack

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has moved to the next phase in testing an integrated solid-state polymer battery pack in its Class 1 EV cargo vans. According to the announcement, vehicle road testing began this week on the battery pack. The company began initial lab testing of the latest phase of solid-state polymer battery packs in January by installing the battery pack in the Class 1 EV cargo van to monitor system compatibility between the vehicle and pack; performance testing also included on-road drive cycles and Dyno testing at an EPA-certified lab. The company initially…

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