News Archives - Page 23 of 52

FridayAug 25, 2023 10:15 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Hosts Launch Event Marking Class 3 Vehicle Production Success

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, held its first-ever open house at its Tunica manufacturing facility. The event marked the company’s first Class 3 EV trucks rolling off the assembly line. According to the announcement, the event provided attendees with the opportunity to tour the Tunica site, enjoy a company presentation, and test drive MULN’s class 1 and class 3 commercial vehicles. Local county and state leaders, members of the media, investors and customers attended the event. The company anticipates ramping up production of its class 3 vehicles throughout the remainder of this calendar year, with…

WednesdayAug 23, 2023 3:47 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Issues Open Letter to Shareholders

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared an open letter to its shareholders addressing declining stock values. “The company has received numerous requests to respond to the ongoing decline of our stock. Many of these communications have been addressed to me personally with less than kind, and sometimes threatening statements. As CEO of this company, I take all shareholders’ concerns seriously. One of my primary responsibilities is to execute the company’s business plan, and as evidenced by multiple prior communications to the public, the company continues to make significant strides in that regard. I will…

MondayAug 21, 2023 11:29 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Milestone: First EV Mullen THREE Truck Rolls Off Assembly Line

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reached a milestone: the company’s first production vehicle, the Mullen THREE, has rolled off the assembly line. The Class 3 EV truck is being manufactured at Mullen’s commercial vehicle assembly facility located in Tunica, Mississippi. According to the announcement, the company anticipates increasing the production rate of the Mullen THREE as the year progresses. The company noted that when full production has been achieved, Class 3 production at its Tunica facility should reach 3,000 vehicles annually per shift. Mullen plans to add a second shift for Class 3 production…

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…

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