News Archives - Page 21 of 50

FridayAug 18, 2023 12:33 pm

GreenCarNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) ‘Strikingly Different’ Tour to Showcase Power, Performance and Possibilities of Its EVs

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its 2023 Mullen “Strikingly Different” EV Tour kicks off this weekend, Aug 20-21, at Circuit of the Americas in Austin, Texas. The tour is slated to run until Nov. 15, 2023, covering the South, East Coast, Midwest, and West Coast before finishing up in California. During the 2023 tour, the public will have the opportunity to see, test drive and experience Mullen’s commercial and retail EVs and check out the latest electric vehicle technology the company has been working on, including AI-powered PERSONA, Mullen’s proprietary advanced facial…

ThursdayAug 17, 2023 12:54 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Commencement of Stock Buyback Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the start of the company’s $25 million stock buyback program with the repurchase of 3.7 million shares of common stock for an aggregate of $3,626,000. The buyback program started on Aug. 16, 2023, and can continue through Dec. 31, 2023. Mullen’s chairman and CEO David Michery also purchased 102,040 shares in the open market on Aug. 16, 2023, at a price of $0.9842 per share. The company is committed to taking all available measures to regain compliance with the NASDAQ minimum $1.00 bid price requirement. “We believe that…

WednesdayAug 16, 2023 10:36 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Unveils Ultra-High-Performance FIVE RS Crossover

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced its newest mode: the ultra-high-performance Mullen FIVE RS EV Crossover. According to the announcement, the newest addition to MULN’s offerings features a top speed of more than 200 mph and can accelerate from 0–60 mph in under two seconds. The FIVE RS is equipped with 800-volt architecture, all-wheel drive, a two-speed gearbox and more than 1,100 horsepower. MULN is planning to showcase the model at this season’s kickoff of its Strikingly Different EV tour, which begins on Aug. 20, 2023, in Austin, Texas. The company noted that because of…

MondayAug 14, 2023 1:38 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Fiscal Q3 Results, Business Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced financial results for its fiscal third quarter for the three and nine months ended June 30, 2023, and provided recent business updates. Among the highlights, the company’s board of directors has authorized a stock buyback program, pursuant to which the company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. Mullen ended fiscal third quarter on June 30, 2023, with stockholders’ equity of $351.8 million, compared to $157.0 million on Sept 30, 2022, which represents a 124% increase. In addition,…

ThursdayAug 10, 2023 1:21 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Commences Class 3 Vehicle Production at Tunica Facility

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the start of vehicle production at its Tunica, Mississippi, assembly plant for the Mullen THREE, Class 3 EV truck with first customer deliveries on track to begin in August and September. According to the update, the company will be gradually ramping up the production rate over the course of September through December, with Class 3 production capacity at the Tunica facility currently planned for 3,000 Class 3 vehicles per year. To date, Mullen has received $79 million in purchase orders for 1,250 Mullen THREE, Class 3 EV trucks…

TuesdayAug 08, 2023 1:13 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Reverse Split, Stock BuyBack Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced a 1 for 9 reverse split. According to the announcement, the company plans to repurchase up to $25 million in shares through a stock buyback program after the filing of its 10-Q and upon expiration of its blackout period. In making the announcement, the company noted NASDAQ Listing Rule 5810(c)(3)(H), which states that “if a Company fails to meet the [Minimum Bid Price requirement], compliance is generally achieved by meeting the requirement for a minimum of ten consecutive business days. However, Staff may, in its discretion, require a Company…

WednesdayJul 26, 2023 11:53 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Bollinger Motors’ Receipt of $3M Grant from State of Michigan

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that Bollinger Motors received final approval from the state of Michigan for a $3 million grant aimed at promoting job creation in the state. In a unanimous decision, the Michigan Strategic Fund Board approved the incentive through the Michigan Business Development Program. “Bollinger Motors is poised for growth and we’re proud to be focused on expanding our company’s operations as we approach start-of-production,” said Robert Bollinger, founder and CEO of Bollinger Motors. “I appreciate Michigan’s faith in our plan and our product as we seek to electrify America’s…

MondayJul 24, 2023 12:50 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Partners with Shoshoni Native American Tribe in Commercial EV Pilot Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is partnering with the Shoshoni Native American tribe of Northern California and Nevada in a pilot program featuring the Mullen ONE Class 1 EV Cargo Vans and the Mullen CAMPUS Delivery Utility Vehicles. The program is designed to serve Harrah’s Northern California Resort & Casino property. According to the announcement, the collaboration between Mullen and the Shoshoni tribe aligns with the tribe’s commitment to a greener future and is also designed to serve as a model for other tribes and organizations. The program, which will utilize Mullen Class 1 cargo…

ThursdayJul 20, 2023 2:07 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Plans Launch Event to Celebrate Class 3 EV Production Milestone

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is planning a commercial EV launch event to commemorate a significant milestone: the first of its class 3 vehicles rolling off the production line. The event is slated for Aug. 24, 2023, and will be held at Mullen’s Mississippi-based commercial assembly plant. The company is planning factory tours and a company presentation as well as ride and drives and vehicle demonstrations. Event attendees will include media, customers, dealers, vehicle upfitters, suppliers and local leaders. The Mullen THREE is a class 3 low cab forward EV truck that has earned an…

TuesdayJul 18, 2023 2:53 pm

GreenCarNewsBreaks – Bollinger Motors, a Majority-Owned EV Truck Company of Mullen Automotive Inc. (NASDAQ: MULN), Kicks off ‘Design Validation’ Pilot Builds

Bollinger Motors, which in September of 2022 became a majority-owned EV truck company of Mullen Automotive (NASDAQ: MULN), today announced the start of its “design validation” pilot builds of the B4 all-electric Class 4 chassis cabs for testing and demonstration. According to the announcement, manufacturing of the pilot vehicles has kicked off in partnership with Roush Industries Inc. at its facility in Livonia, Michigan. The first five completed chassis cabs are expected to roll out this summer, with another 15+ vehicles by the end of the third quarter of 2023. “Bollinger Motors has over eight years of experience in developing,…

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