News Archives - Page 26 of 52

MondayMay 15, 2023 2:12 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Business Update, EMM Testing and Installation

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has provided an update for stockholders on key components of its business. The update covered factory activities in Mishawaka, Indiana, and Tunica, Mississippi, as well as developments in Mullen Advanced Energy Operations, Bollinger Motors commercial vehicles 4-6, Mullen commercial vehicles Class 1 and 3 and the Mullen FIVE EV crossover program. In part, the update noted that on March 30, 2023, the MGT Lease Company, a national fleet sales and leasing provider, received delivery of Mullen EV cargo vans; shortly thereafter, MGT placed a $15.8 million order for 250 all-electric commercial…

ThursdayMay 11, 2023 2:20 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures $15,755,000 Vehicle Purchase Agreement with MGT

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its entry into a vehicle purchase agreement with MGT Lease Company (“MGT”), a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks in a contract valued at $15,755,000. The vehicles are slated for delivery beginning in August 2023, with complete fulfillment of the purchase agreement to occur by December 2023. Randy Marion Automotive Group, a distributor of Mullen’s commercial EVs, will fulfill the vehicle orders. “Our agreement with MGT enables them to offer their fleet customers a competitive commercial EV vehicle offering,…

ThursdayMay 04, 2023 11:31 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Customer Pricing for Two Models, Notes 1-for 25 Reverse Stock Split

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is releasing customer pricing for its Class 1 EV cargo van; the company announced that the starting price for the EV van will be $34,500 and the class 3 EV cab chassis trucks will start at $68,500. The announcement comes as the company has delivered 19 EV cargo vans to date with 20 more planned for this month, along with an anticipated purchase order for 200 more expected this month. The company previously announced that it had received a 1,000-unit class 3 EV truck purchase order from the Randy Marion…

WednesdayMay 03, 2023 11:53 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Corporate Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its manufacturing activities in its two facilities and in producing its line of EVS. The company also noted that as of April 30, 2023, it had available cash of $116.1 million and has received $263 million in purchase orders for its Mullen class 1 and class 3 EV vans and trucks from Randy Marion Automotive Group. The company’s Bollinger Motors is moving forward on producing its class 4–6 commercial vehicles and B1 SUV and B2 pick-up truck; Bollinger Motors B4 chassis cab engineering is 90% complete and…

TuesdayMay 02, 2023 12:31 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures 1,000-Vehicle Order from Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a 1,000-vehicle order for the Mullen THREE, a Class 3 low cab forward (“LCF”) EV truck. Randy Marion Automotive Group (“RMA”) placed the order, with deliveries commencing in August 2023. The purchase order is valued at $63 million and is between Randy Marion Isuzu LLC, a member of the Randy Marion Automotive Group, and Mullen Automotive. “Randy Marion continues to set the bar for commercial EV dealerships in the U.S. We are proud to be working alongside RMA in getting Mullen’s commercial EVs, starting with our Class 1…

MondayMay 01, 2023 1:19 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Follow-Up Fleet Order from UNC Charlotte

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received a second order of eight EV campus cargo vans from the University of North Carolina at Charlotte (UNC Charlotte). The campus vans offer 186 miles of range and are designed for closed campus use, featuring the same DNA as the Mullen ONE class 1 EV cargo van but purpose-built to be an ideal delivery solution for micro-environments. Mullen noted that the new order will be fulfilled by Randy Marion Automotive Group, and the university is slated to begin taking delivery of the EV vans this week. According to…

FridayApr 28, 2023 11:03 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on EMM Installation in Nation’s Capital, Recent Stock Performance

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has provided an update on the testing and installation of Energy Management Modules (“EMM”) comprised of 40 Chevrolet Bolts within the Washington, DC, city government’s vehicle fleet. According to the update, Mullen Advanced Energy Operations (“MAEO”) has been collaborating on the testing; MAEO is a 51%-owned subsidiary of Mullen Automotive EV Technologies LLC and Global EV Technology Inc. as partners. The contract for the purchase and installation of EMM units on Chevrolet Bolts had been awarded to EV Technologies earlier, and initial phase of contract execution requires vehicle calibration testing…

MondayApr 24, 2023 11:21 am

GreenCarNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) MAEO to Execute $680K Contract with the District of Columbia

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that its majority owned subsidiary, Mullen Advanced Energy Operations (“MAEO”), will today begin execution of a $680,000 contract that was previously awarded by the District of Columbia, Washington, D.C., to EV Technologies, LLC. The contract covers the purchase and installation of Energy Management Module (“EMM”) units on Chevrolet Bolts within the D.C. city government’s vehicle fleet. “The D.C. city project is the first of many that we have planned for the new EMM technology,” said David Michery, CEO and chairman of Mullen Automotive. “Municipal city fleets are a…

ThursdayApr 20, 2023 2:33 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Test Results for Acquired Tech Showing Major Energy Advancement

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released test results from technology acquired through a recent joint venture. According to the announcement, previous vehicle test results, which were performed by Element Materials Technology, show that Energy Management module (“EMM”) technology resulted in range increase of 60%–70% along with an increase in efficiency of any current EV battery. In addition to the testing conducted by Element Materials, the EMM technology was tested by Mullen Automotive engineers on Mullen’s class 1 EV cargo van with results indicating a more than 75% increase in range for vehicle’s 42-kWh lithium-ion…

TuesdayApr 18, 2023 12:09 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN), EVT Collaborate to Enhance EV Performance, Scale to Other Energy Applications

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a partnership with Global EV Technology, Inc. and EV Technologies, LLC. (collectively “EVT”) to form Mullen Advanced Energy Operations, LLC. (“MAEO”) with initial development for improving energy management technology in electric vehicles for greater range and vehicle performance and scaling to other energy applications. Mullen owns 51% of the newly formed entity and will consolidate the results of its operations in Mullen Automotive. Under the agreement, Global EV Technology will contribute its technology and existing contracts to MAEO, and Mullen will provide capital, execution and commercialization to grow…

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