GreenCarNewsBreaks Archive - Page 25 of 55

MondayApr 03, 2023 12:20 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Notes Delivery of Class 1 EV Cargo Vans to UNC Charlotte, ‘First of Many’ Expected Orders

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced the delivery of Class 1 EV cargo vans to the University of North Carolina at Charlotte (“UNC Charlotte”); Randy Marion Automotive Group facilitated the delivery of the EV vehicle. According to the announcement, the university, which is committed to helping create a more sustainable environment, plans to use the MULN cargo vans for a variety of university-use cases, including campus delivery and facility services. The announcement stated that the university is only the “first of many customers that have expressed interest in Mullen’s commercial product lineup” thanks to the lower total…

FridayMar 31, 2023 2:02 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Delivery of First-Class 1 EV Cargo Vans to North Carolina Leasing Company

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has successfully delivered class 1 EV cargo vans to MGT Company (“MGT”) in Highpoint, North Carolina; the order was fulfilled by the Randy Marion Automotive Group. According to the announcement, MGT as one of Mullen’s first commercial EV fleet customers. A growing commercial vehicle sales and leasing company reporting 2022 revenue of more $70 million, MGT has a primary customer base focused on last-mile segments, such as package delivery and retail along with vocations such as plumbing and electrician. “We continue to see growing interest in our commercial EV offerings,…

TuesdayMar 28, 2023 12:14 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Files Lawsuit for Damages Sustained from False Article

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed a civil complaint for defamation in the Superior Court of Delaware. The complaint alleges that on March 22, 2023, Intersection Media Group, d/b/a dot.LA, published an article on its website authored by David Shultz that contained false and defamatory statements regarding Mullen, including false and defamatory statements regarding the terms of a settlement agreement of a civil action. The company has retained McDermott Will & Emery LLP, a leading international law firm, to represent Mullen in the lawsuit. To view the full news release,…

MondayMar 20, 2023 3:23 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Enters Licensing Agreement with Qiantu Motors to Manufacture, Distribute EV Supercar

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is partnering with Qiantu Motors to launch the DragonFLY K50 in the Americas. As part of an exclusive licensing agreement, Qiantu Motors and affiliated companies granted MULN the North and South American IP and distribution rights allowing assembly and distribution. The announcement noted that Mullen will finalize vehicle engineering in compliance with U.S. regulations with final assembly planned for its Indiana-based manufacturing facility. The EV supercar will be sold under the Mullen GT & GTRS brands with performance specs anticipated to include going from 0 to 60 miles per hour…

ThursdayMar 16, 2023 1:38 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Positioning to Deliver Class 1 and 3 Vehicles, Enter Next Phase of Crossover Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today released a statement from its CEO to address recent investor inquires. Among the highlights, Mullen anticipates making Class 1 EV deliveries to various commercial customers before the end of March 2023 and believes the company’s cash on hand and expected firm cash commitments will provide enough capital to execute on its business plan over the next 12 months. “I believe we have all the pieces in place between our product, factories and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this…

ThursdayMar 09, 2023 11:36 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives NASDAQ Approval for 180-Day Extension to Meet Minimum $1 Bid Price

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced that it received approval from NASDAQ of its 180-day extension request to meet the exchange’s $1 minimum bid price requirement. According to the announcement, Mullen received notice in September 2022 that its listed common stock no longer met NASDAQ’s minimum $1 bid price per share requirement. The company was given 180 calendar days, or until March 6, 2023, to regain compliance. The announcement also noted that if Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the company…

TuesdayMar 07, 2023 12:49 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Unveil Commercial Product Lineup at NTEA’s Work Truck Week

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that, starting today, it will showcase both its Class 1 EV cargo van and Class 3 low-cab forward at NTEA’s Work Truck Week 2023 in Indianapolis, Indiana. The event is taking place March 7-10 at the Indiana Convention Center and includes 511 exhibitors displaying the industry’s latest products and technology. “We are excited to be at NTEA’s Work Truck Week and display the Mullen Commercial product lineup to both customers and commercial vehicle upfitters that are ready to electrify their fleets,” said John Schwegman, Mullen’s chief commercial officer.…

MondayMar 06, 2023 12:50 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Selected by Rapid Response Defense Systems as Exclusive Provider for Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is partnering with Rapid Response Defense Systems (“RRDS”) to produce Class 1 EV cargo vans for federal government orders, including potential large-scale vehicle fleet orders. According to the announcement, RRDS is one of the country’s leading small business federal contractors and has been awarded and delivered on more than 2,500 federal government delivery orders since 2014. The company has stated that Mullen’s commercial Class 1 EV cargo van, which launches this year and is the only Class 1 EV van in the space, is a strategic fit for its federal…

WednesdayFeb 15, 2023 11:16 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Q1 2023 Fiscal, Business Report

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its fiscal first quarter for the period ending Dec. 31, 2022. Highlights of the report include the following: acquiring the assets of Electric Last Mile Solutions (“ELMS”) in a $105 million acquisition move; $100 million in cash being available for operations and investment at the end of Q1 2023; 31, 2022; securing the rights for exclusive sales, distribution and branding for the new compact electric vehicle, the Mullen-GO (formerly I-GO), and initial delivery of the vehicle to the distribution agent; receiving a $200 million purchase order from…

ThursdayFeb 02, 2023 1:59 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Partners with Loop Global, Menzies Aviation on LAX Pilot Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is collaborating with Menzies Aviation and Loop Global Inc. on a pilot program at the Los Angeles International Airport; the program involves Mullen’s Class 1 EV cargo vans. The world’s largest aviation services company, Menzies operates in 250-plus airports in 58 countries, providing ground, air cargo and fuel services to commercial airports and airlines. Menzies is piloting Mullen Automotive electric vans and Loop Global charging infrastructure across its operations at LAX; the program is part of Menzies commitment to identify innovative solutions as it works to become carbon neutral by…

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