Mullen Automotive (MULN) Stock News

Mullen Automotive (NASDAQ: MULN) has announced plans to rebrand as Bollinger Innovations, Inc. with NASDAQ approving the new stock symbol BINI. The effective date for the name and symbol change is pending determination.

The Company is also rebranding its Oceanside, California Commercial Vehicle Center, strategically located near Interstate 5 and Camp Pendleton. The facility will open on August 15, 2025, offering test drives and sales of their commercial EV lineup including the Mullen ONE (Class 1 cargo van), Mullen THREE (Class 3 cab chassis), and Bollinger B4 (Class 4 chassis cab).

The Bollinger B4 features a 158-kWh battery pack, 185-mile range, 46-foot turning radius, and 7,325-pound payload capacity.

Mullen Automotive (NASDAQ: MULN) announces significant EV incentives available through its subsidiary Bollinger Motors for commercial electric vehicles in New York starting August 2025. The New York Truck Voucher Incentive Program (NYTVIP) will offer credits ranging from $85,000 to $144,000, which can be combined with federal tax credits of up to $40,000 for Class 4 vehicles.

The federal tax credit expires after September 30, 2025. Bollinger's B4 all-electric Class 4 commercial truck features a 158-kWh battery pack and patented Quad Bend frame construction, designed specifically for urban use cases with enhanced maneuverability and safety features.

Mullen Automotive (NASDAQ: MULN) announced a major corporate restructuring, including a name change to Bollinger Innovations and consolidation of operations expected before August 15, 2025. The company has implemented significant cost-cutting measures, eliminating 155 positions and reducing annual operating expenses by $35 million.

The consolidation involves relocating commercial vehicle operations to Oak Park, Michigan, and unifying Mullen and Bollinger's sales, marketing, and service operations under the Bollinger brand. The company's commercial EV lineup includes the Mullen ONE (Class 1 cargo van), Mullen THREE (Class 3 cab chassis), and Bollinger B4 (Class 4 chassis cab) with a 185-mile range and 7,325-pound payload capacity.

Mullen Automotive (NASDAQ: MULN) has announced it will begin accepting cryptocurrency, including Bitcoin and $TRUMP meme coin, as payment for its commercial electric vehicles. The company, which manufactures both Mullen and Bollinger EVs, positions itself as one of the few vehicle manufacturers accepting crypto payments.

The company's commercial lineup includes the Mullen ONE (Class 1 EV cargo van), Mullen THREE (Class 3 EV cab chassis truck), and Bollinger B4 Chassis Cab (Class 4 commercial truck). The Bollinger B4 features a 158-kWh battery pack, 185-mile range, and 7,325-pound payload capacity.

Mullen Automotive (NASDAQ: MULN) has reached a settlement agreement with GEM Group to resolve all outstanding legal disputes between the parties. The key component of the settlement involves Mullen transferring complete ownership of its manufacturing facility in Mishawaka, Indiana to GEM Yield Bahamas Limited and GEM Global Yield LLC SCS. This transfer serves to satisfy a federal court judgment previously ruled in GEM's favor. As part of the comprehensive legal resolution, all pending enforcement and post-judgment proceedings between Mullen and GEM will be withdrawn with prejudice, allowing Mullen to redirect its focus toward operational priorities.

Mullen Automotive (NASDAQ: MULN) has successfully resolved legal claims with Bollinger Motors' founder Robert Bollinger, increasing its ownership stake to 95% and bringing Bollinger Motors out of receivership. David Michery, CEO of Mullen, has assumed the role of CEO and chairman at Bollinger Motors. During the receivership period, Bollinger continued selling and servicing its B4 all-electric commercial trucks. The B4 Chassis Cab, a Class 4 commercial EV with a 158-kwh battery pack, remains available for order through Bollinger's national dealer network. The company is also developing the B5 Class 5 electric commercial truck, scheduled for launch in 2026. The resolution allows both companies to focus on their shared vision of fleet electrification and sustainable transportation solutions.

Mullen Automotive (NASDAQ: MULN) announces its eligibility for the ComEd Business & Public Sector EV Rebate Program in Illinois, offering significant incentives for commercial electric vehicles. The Mullen ONE Class 1 EV cargo van qualifies for up to $7,500 in ComEd incentives, which can be combined with Federal Tax Credits for potential savings of up to $15,000 per vehicle. The program, running through 2025, aims to distribute over $70 million in rebates for electric vehicles. Mullen's commercial lineup includes the Class 1 ONE cargo van and Class 3 THREE cab chassis truck, both fully compliant with federal safety standards and emissions regulations. The vehicles are available through authorized dealers Pritchard EV and Range Truck Group, who can process the ComEd rebate at point of sale.

Mullen Automotive announces the launch of its ultra-high-performance FIVE RS EV Crossover in Germany by December 2025, followed by expansion to other EU countries, UAE, and South Africa in 2026. The vehicle boasts impressive specifications including 1,100+ horsepower, 200 mph top speed, and 0-60 mph acceleration in under 2 seconds. The company has partnered with Faissner Petermeier Fahrzeugtechnik AG (FPF), a German automotive engineering firm with experience working with prestigious brands like BMW and Piech Automotive. Following successful 800V battery testing in Munich, Mullen is proceeding with on-road testing for final validation. The company plans to enter the U.S. market after establishing success in European markets. The FIVE RS features advanced technology including 800-volt architecture, all-wheel drive, and a two-speed gearbox.

Mullen Automotive has acquired an additional 21% stake in Bollinger Motors, increasing its total ownership to 95% and eliminating significant debt. The strategic transaction increases shareholder equity by approximately $3.5 million and resolves recent claims that had led to court-ordered receivership. Bollinger will continue operating as a majority-owned subsidiary, maintaining its brand identity while receiving full financial backing from Mullen for sales, service, and warranty coverage. The Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck, features a 158-kWh battery pack, 185-mile range, and 7,325-pound payload capacity. The integration aims to create synergies between both companies, with Bollinger focusing on B4 platform development while leveraging Mullen's resources.