Mullen Automotive (NASDAQ: MULN) was featured in a recent Benzinga Brief. The short summary noted that the company, an emerging electric-vehicle manufacturer, had reported results of its solid-state polymer battery testing, which exceeded expectations (https://ibn.fm/XI6Fa).
Noting that shares were trading higher after the news, Benzinga quoted David Michery, Mullen CEO and chair, as saying, “The battery has performed exceptionally well, and I’m pleased with the results from BIC [Battery Innovation Center] in Indiana.”
“Testing results from BIC show the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested at 343.28 Ah at 4.2 volts, exceeding expectation, and is in line with test tolerance from previous EV Grid test results,” the brief continues. “The data supports solid-state polymer battery cell technology [that], when scaled to the vehicle pack level and at a 150-kilowatt hour equivalent, can deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover.”
While the company plans to continue to test additional parameters to characterize overall capabilities and performance, these positive results bode well for the Southern California–based company, which owns and partners with synergistic businesses that share the same goal: to create clean, scalable electric vehicles and energy solutions (https://ibn.fm/D8vYz).
The company announced plans to include the new solid-state polymer batteries in its second-generation Mullen FIVE EV Crossover (https://ibn.fm/Br0nl). In addition to offering more than 600 miles of range, the batteries can deliver 300 miles of range after an 18-minute DC fast charge.
“We’ve conducted successful testing and will begin pack-level development next,” said Michery, who called the future bright for the nascent EV company. Key to the company’s success are several partnerships the company has built recently, including with hofer powertrain, Comau, ARRK, Dürr and DSA Systems. These partners will help Mullen produce improved EV powertrain, engineering, manufacturing, vehicle production systems, and over-the-air (“OTA”) and vehicle system diagnostics.
“[Mullen] expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and in the shortest amount of time,” the company stated.
The Mullen FIVE RS is a high-performance EV featuring close to 1,100 horsepower, 0 to 60 mph in only 1.95 seconds, and a top speed of almost 200 miles per hour (https://ibn.fm/KaCIj). The vehicle was awarded Top Zero Emission SUV as part of the ZEVA Awards at the Los Angeles International Auto Show in November 2021, where it debuted.
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
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.greencarstocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.greencarstocks.com/Disclaimer
Green Car Stocks
Los Angeles, CA
www.greencarstocks.com
415.949.5050 Office
Editor@GreenCarStocks.com
Green Car Stocks is part of the InvestorBrandNetwork.
The American auto industry is set to suffer as the country continues to fall behind in the global transition…
Europe’s car market crossed a quiet but meaningful milestone at the end of last year. In December,…
Jaguar has moved to shut down growing speculation about a possible shift in its electric strategy, firmly rejecting reports…
Volkswagen has emerged as Europe’s top seller of battery-electric vehicles, marking a significant shift in a market long dominated…
Concerns are growing as Chinese electric vehicles penetrate the North American market, with policymakers and automakers…
Germany is renewing its push for electric vehicle adoption, with the federal government confirming a new…