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. (formerly trading as MULN and now operating as Bollinger Innovations, Inc. under the symbol BINI) generates frequent news coverage around its electric vehicle activities, corporate restructuring and capital‑markets developments. Company press releases highlight progress in commercial EV production, expansion of dealer and service networks, and the evolution of its relationship with majority‑owned subsidiary Bollinger Motors.
News items commonly describe the company’s commercial EV lineup, including the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 EV cab chassis truck, as well as Bollinger Motors’ Bollinger B4 Class 4 all‑electric commercial truck. Coverage often focuses on regulatory certifications, such as CARB and EPA approvals, and participation in state and federal incentive programs that support fleet electrification.
Another recurring theme in MULN/BINI news is corporate and strategic change. Articles and filings have detailed Mullen’s acquisition and increasing ownership stake in Bollinger Motors, the consolidation of Mullen and Bollinger operations, and the 2025 corporate name change to Bollinger Innovations, Inc. with a corresponding Nasdaq ticker change from MULN to BINI. Updates on cost‑reduction efforts, operational consolidation to locations such as Oak Park, Michigan, and legal settlements, including the transfer of the Mishawaka, Indiana facility to GEM entities, also appear in recent releases.
Investors following MULN/BINI news will also see announcements related to new products and markets, such as the relaunch and planned sales of the high‑performance Mullen FIVE RS EV Crossover in Germany and other regions, and initiatives like accepting cryptocurrency as payment for Mullen and Bollinger commercial EVs. Capital‑markets updates, including reverse stock split actions, preferred stock designations, and Nasdaq listing compliance matters, are typically disclosed through SEC filings and accompanying press releases.
This news page aggregates these company‑issued updates and related coverage, giving readers a single place to review developments in Mullen/Bollinger Innovations’ commercial EV business, subsidiary activities, financing transactions and listing‑status communications over time.
Mullen Automotive (NASDAQ: MULN) has announced a 1-for-100 reverse stock split effective June 2, 2025, at 12:01 a.m. Eastern Time. The primary goal is to comply with Nasdaq's $1.00 minimum bid price requirement for continued listing. The company's stockholders previously approved a reverse split range of 1-for-2 to 1-for-250 at a Special Meeting on May 21, 2025.
The reverse split will automatically convert every 100 current shares into one new share, reducing the outstanding Common Stock from approximately 80 million to 800 thousand shares. The stock will continue trading under the MULN symbol with a new CUSIP number (62526P802). Proportional adjustments will be made to equity awards, warrants, convertible notes, and preferred stock conversion prices. No fractional shares will be issued, with all fractions rounded up to the nearest whole share.
Stockholders will not need to take any action, as positions will be automatically adjusted through their brokers or the transfer agent, Continental Stock Transfer & Trust Company.Mullen Automotive (NASDAQ: MULN) has reached a settlement agreement with GEM Group on May 9, 2025, following four years of litigation. Under the agreement, GEM has been granted a 55-day due diligence period to evaluate the potential transfer of Mullen's Mishawaka assets as complete satisfaction of the judgment. During this period, which can be extended by GEM, all collection activities have been suspended.
While this settlement process is ongoing, Mullen continues to focus on expanding its manufacturing capabilities at its Tunica, Mississippi facility to meet current and future demand for its electric vehicle product lines. CEO David Michery expressed optimism about the resolution and the company's growth prospects for the remainder of 2025 and beyond.
Mullen Automotive's (NASDAQ: MULN) subsidiary, Bollinger Motors, has delivered its first B4 Class 4 electric truck to The Lower East Side Ecology Center in New York City. The all-electric B4, featuring a 158-kwh battery pack, offers a 185-mile range, 46-foot turning radius, and 7,325-pound payload capacity. The vehicle, upfitted with a 16-foot Morgan Dry Box and 2,200-pound power lift gate, will support various environmental initiatives, including NYC's longest-running compost program. The delivery was funded by the New York City Council and marks a significant step in the Center's commitment to sustainability.
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.