Welcome to our dedicated page for Mullen Automotive news (Ticker: MULN), a resource for investors and traders seeking the latest updates and insights on Mullen Automotive stock.
Mullen Automotive Inc (MULN) is a leader in commercial electric vehicle innovation, specializing in Class 1-3 EVs for urban logistics and fleet operations. This page provides authorized updates on corporate developments, product milestones, and strategic initiatives directly from the company and verified sources.
Access timely announcements including new vehicle certifications, production updates from Mullen's U.S. manufacturing facilities, and partnerships advancing battery technology. Investors and industry observers will find essential updates on regulatory compliance achievements, dealer network expansions, and progress with the Carhub digital ecosystem.
All content is curated to meet strict journalistic standards, focusing on operational developments rather than market speculation. Information is organized chronologically with clear sourcing to enable efficient tracking of Mullen's progress in sustainable transportation solutions.
Bookmark this page for structured access to MULN's evolving position in commercial EVs, including updates from their Bollinger and Mullen Commercial segments. Check regularly for verified announcements about production capabilities, vehicle certifications, and technological advancements in electric mobility.
Mullen Automotive (NASDAQ: MULN) has secured a $1.4 million order for 20 all-electric Mullen THREE Class 3 vehicles from Cashflow on Wheels, a Houston-based logistics company. The vehicles will be delivered in May for FedEx routes in Texas and Georgia through Mullen dealer Pritchard Automotive.
Cashflow on Wheels, which specializes in last-mile delivery solutions for FedEx and Amazon, reports cost savings of over $500 per route per week during their EV testing phase. The company plans to transition their traditional fleet to electric vehicles to improve operational efficiency and support future expansion.
Mullen Automotive's subsidiary, Bollinger Motors, has delivered its first 2025 Bollinger B4 truck to EnviroCharge for conversion into a mobile charging unit. The B4 truck will be upfitted with custom EV Level 3, 120 kilowatt-charging units and is scheduled to debut at the Advanced Clean Trucking (ACT) Expo 2025 in Anaheim on April 28.
The Class 4 commercial electric truck features a 158-kWh battery pack and began customer deliveries in October 2024. Additional trucks will be deployed in California to provide mobile charging solutions. The B4 chassis cab qualifies for various incentives, including:
- Up to $40,000 per vehicle through Inflation Reduction Act
- Up to $120,000 from California's ISEF Program
- Up to $100,000 from New York's NYTVIP
- Up to $30,000 from Massachusetts MOR-EV
- Up to $20,000 from Pennsylvania's AFIG Program
Mullen Automotive (NASDAQ: MULN) has secured a commercial EV order from Global Expert Shipping, a freight forwarding company based in Glendale, California. The initial order includes the Mullen ONE Class 1 EV cargo van for maintenance and material transport tasks, with additional orders anticipated.
The order will be fulfilled through Mullen's dealer partner, Pritchard Automotive. Global Expert, which specializes in international shipments between the U.S. and Armenia, aims to reduce its carbon footprint through this EV fleet integration.
Mullen's commercial lineup features the Class 1 Mullen ONE cargo van and Class 3 Mullen THREE cab chassis truck, both designed for urban last-mile applications. These vehicles comply with U.S. Federal Motor Vehicle Safety Standards, EPA requirements, and CARB certifications.
Mullen Automotive (NASDAQ: MULN) has signed a Partnership and Supply Agreement with Enpower Greentech Inc. (EGI) to manufacture SWIFT series semi solid-state batteries (SSB). The production will begin in early 2026 at Mullen's Battery Center in Fullerton, California.
The EGI SWIFT batteries, featuring silicon-anode-based technology, will be used in commercial vehicles and various industrial applications including aerospace, marine, drones, and medical equipment. These batteries offer double energy density, ultra-fast charging, extended cycle life, and cost-efficient manufacturing.
Mullen's Fullerton facility currently operates three battery lines: a high-volume standard battery chemistry line, a low-volume standard chemistry R&D line, and a low-volume solid-state polymer R&D line. EGI plans to start domestic manufacturing in Q3 2025 at its Ann Arbor, Michigan facility.
Mullen Automotive (NASDAQ: MULN) has announced a 1-for-100 reverse stock split effective April 11, 2025, at 12:01 a.m. Eastern Time. The primary goal is to maintain Nasdaq listing compliance by meeting the $1.00 minimum bid price requirement, though compliance is not guaranteed.
Key details of the reverse split:
- Trading continues under symbol MULN with new CUSIP number 62526P703
- Common stock shares will reduce from approximately 220 million to 2.2 million
- Stockholders approved the split range of 1-for-2 to 1-for-100 on March 13, 2025
- Proportional adjustments will be made to equity awards, warrants, convertible notes, and preferred stock conversion prices
- No fractional shares will be issued; all fractional shares will be rounded up
- Stockholders' percentage interest remains unchanged except for fractional share rounding
Mullen Automotive (NASDAQ: MULN) announces that its current Mullen and Bollinger commercial vehicle inventory is 100% assembled in the USA and exempt from recently announced vehicle and component tariffs. The company reports that Mullen sources 67% of vehicle components from U.S. suppliers, while Bollinger sources 71%.
The commercial EV lineup includes the Mullen ONE (Class 1 EV cargo van) and Mullen THREE (Class 3 EV cab chassis truck) for last-mile delivery. Both vehicles comply with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. Bollinger's lineup features the B4 chassis cab, a Class 4 commercial truck with a 158-kWh battery pack, which began customer deliveries in October 2024.
Mullen Automotive (NASDAQ: MULN) has secured a significant legal victory as a federal judge denied a motion to dismiss their lawsuit against IMC Financial Markets, Clear Street Markets , and UBS Securities. The lawsuit, filed in the Southern District of New York, alleges that between November 5, 2021, and November 15, 2023, the defendants engaged in stock manipulation through spoofing practices.
The lawsuit claims defendants used high-frequency algorithmic trading to artificially deflate MULN's share price through 'Baiting Orders' - placing sell orders to create false downward trends, followed by buying at artificially low prices. The Court found that Mullen adequately demonstrated how defendants' actions differed from typical market participants, noting their pattern of placing and canceling high volumes of orders within seconds or milliseconds.
The ruling, received on March 28, 2025, allows the case to proceed to full discovery, marking a victory for Mullen and other emerging companies affected by alleged stock manipulation.
Mullen Automotive (NASDAQ: MULN) announces record GAAP revenue of $3.18 million for the quarter ending March 31, 2025. The EV manufacturer is implementing additional cost-cutting measures effective April 2025, including staff reductions, facility consolidation, and operating expense reduction.
The company maintains its focus on cell and battery pack developments while prioritizing vehicle sales. Mullen's commercial lineup features the Mullen ONE (Class 1 EV cargo van) and Mullen THREE (Class 3 EV cab chassis truck), both compliant with federal safety standards, EPA, and CARB certifications. Additionally, Bollinger's B4 Chassis Cab, an all-electric Class 4 commercial truck, began customer deliveries in October.
Mullen Automotive (NASDAQ: MULN) has reported record quarterly GAAP revenue of $3.18 million as of March 21, 2025, marking a significant 189% increase compared to the entire 2024 fiscal year revenue of $1.1 million.
The EV manufacturer's commercial lineup includes the Mullen ONE (Class 1 EV cargo van) and Mullen THREE (Class 3 EV cab chassis truck), both fully compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. Additionally, through Bollinger, the company offers the B4 Chassis Cab, a Class 4 commercial truck featuring a 158-kwh battery pack, which began customer deliveries in October.
Mullen Automotive (NASDAQ: MULN) has announced the purchase and delivery of its Mullen ONE Class 1 EV cargo van to Orange County, North Carolina's Solid Waste Management Department. The vehicle order will be fulfilled through National Auto Fleet Group (NAFG), an authorized Mullen dealer.
The purchase aligns with Orange County's Climate Action Plan to transition its fleet to all-electric by 2025. Mullen's commercial EVs are now available for purchase on Sourcewell under NAFG's Contract #091521-NAF, offering Class 1-3 electric vehicles to government agencies across the United States.
The company's commercial lineup includes the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 EV cab chassis truck, both compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications.
