Mullen Automotive Inc. (NASDAQ: MULN) Displays Vehicles for First Time at CES, Unveils Newest EV Offering

  • Mullen debuted its FIVE RS at this year’s CES show in Las Vegas
  • Several car and auto publications reported on the unveiling of the new model
  • Mullen anticipates beginning production of the FIVE RS in late 2025, with sales commencing in mid-2026

For the first time ever, Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, exhibited its line of commercial and consumer EVs at the Consumer Electronics Show(R) (“CES”) in Las Vegas. In addition to displaying its line of vehicles, the company also debuted its high-performance EV crossover, the Mullen FIVE RS; the world debut of the new vehicle garnered coverage in several car and auto magazines.

In its coverage, CarScoops notes that the Mullen FIVE RS has an intriguing design, big performance claims and a production date set for late 2025 (https://ibn.fm/nWYyZ). The article pointed out key features of Mullen’s latest offering, including its fast-charging capabilities, integrated infotainment system, artificial intelligence-based personal assistant called Persona, facial recognition technology and level 2+ driver assistance tech.

“Although seeing EVs with impressive performance figures is nothing new, it’s still a little surprising to encounter an electric crossover making promises of this magnitude,” the article stated. “Equipped with dual motors residing at the front and rear axles, the FIVE RS boasts a staggering 1,000 hp (746 kW/1,014 PS) and over 850 lb-ft (1,151 Nm) at its disposal, with Mullen claiming that it will be able to reach 60 mph (96 km/h) in under two seconds. Even more impressively, the automaker promises that its crossover will be capable of reaching a top speed of 200 mph (322 km/h) or even higher. . . . Mullen anticipates commencing production of the FIVE RS in late 2025, with sales set to commence in mid-2026. Subsequent versions of the SUV, including the $55,000 entry-level variant (originally slated for late last year), will follow in due course.”

AutoCar magazine noted that the electric super-crossover may be a rival to the Tesla Model X Plaid and Lucid Air Dream Edition (https://ibn.fm/SRtew). The article noted that Mullen CEO David Michery “gave few technical details away at the car’s unveiling but did confirm that the RS features a twin-motor, four-wheel-drive powertrain and 800V charging architecture that is said to allow for a 0–80% top-up in just 21 minutes.”

The article also reported that the car will be fitted with six- and four-piston Brembo brake calipers clamping carbon-ceramic discs, an ultra-performance race-track mode for maximum power and more engaging steering, and an AI-powered voice assistant with facial-recognition technology. The article quoted Michery as saying that “from the inception of Mullen, it has been my mission to bring an ultra-high-performance EV to market. The FIVE RS is intended to be one of the fastest vehicles on the planet, competing with some of the best and most well-known and regarded automotive marques.”

Road Track reported that the sporty new model is “ready to challenge Tesla and Lucid in the performance EV space. . . . Known as the Mullen FIVE RS, this electric crossover promises to bring over 1000 hp and a sub-2.0-second 0-60 mph sprint” (https://ibn.fm/OtB4S).

Calling the FIVE RS “a hotter variant of the brand’s FIVE SUV,” the article noted that the EV is powered by a 100-kWh battery pack that feeds a pair of electric motors to provide all-wheel drive and more than 1000 horsepower and 850-pound feet of torque. The design includes a two-speed sequential transmission sitting with either motor, which Mullen says will help the sleek SUV hit 60 mph in less than two seconds. In addition, the article reported that a set of either 21- or 22-inch wheels will cover carbon Brembo brakes at all four corners and will come wrapped in performance rubber. Mullen is working to reach 300 miles per charge, the article stated.

The Consumer Technology Association, which owns and produces the consumer technology trade show, expected 130,000 attendees and more than 4,000 exhibitors at this year’s event. CES is the most powerful tech event in the world, has established itself as the proving ground for breakthrough technologies and global innovators, and is the only trade show that showcases the entire tech landscape at one event (https://ibn.fm/4WOWp).

During CES, Mullen displayed the following vehicles: the Mullen ONE Class 1 Commercial EV Cargo Van; the Mullen THREE Class 3 Commercial Low Cab Forward; the Box Truck (ToughLite Upfit); the Service Truck (Phenix Truck Bodies Upfit); the Bollinger B1 Electric SUV; the Bollinger B2 Electric Pick Up; and the Bollinger B4 Class 4 Chassis Cab and Box Truck. In addition, on Jan. 9, at 11 a.m. PT, the company unveiled the Mullen FIVE RS, a high-performance variant of its flagship EV crossover (https://ibn.fm/geHrv).

Mullen Automotive is a Southern California-based automotive company building the next generation of electric vehicles in its two United States-based manufacturing and assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE Crossover and FIVE RS High-Performance Sport Crossover EVs, Mullen GT and GTRS EV Supercars, Mullen PowerUP Mobile EV Charging Truck, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs, and Bollinger Motors, which features the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all Electric Last Mile Solutions (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

For more information about the company, visit www.MullenUSA.com.

NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

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