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 series of new hires to strengthen its commercial and consumer vehicle programs, focusing on product development, manufacturing, and sales.
The new team members come from notable automotive brands like VW and GM, enhancing Mullen's expertise in the EV sector. Key hires include Jerry Hu as President of Mullen Commercial Vehicles and Dave Adkins as Chief of Class 3 Commercial Vehicles. CEO David Michery expressed optimism about the company's growth trajectory, leveraging the experience of these professionals to support Mullen’s aggressive EV portfolio expansion.
Mullen Automotive, an emerging electric vehicle manufacturer, announced that all proxy proposals were approved during its reconvened Special Meeting of Stockholders on January 25, 2023. The company currently has no plans for a reverse stock split but must meet the NASDAQ minimum bid price requirement of $1.00 by March 6, 2023. If it fails, Mullen may seek an extension or eventually implement a reverse split. Additionally, Mullen is part of the Russell 2000 Index and must maintain the $1.00 stock price for continued inclusion. The company will assess the impact of a reverse split if necessary.
Mullen Automotive has announced that its I-GO™ Commercial Urban Delivery EV has arrived in Europe, with sample vehicles en route to Newgate Motor Group in Ireland, expected for delivery in early January 2023. Initially delayed due to COVID shutdowns in China, these vehicles aim to meet the demand for quick deliveries in congested European cities. The I-GO is now EU certified and will be marketed in the U.K., Germany, Spain, France, and Ireland. Mullen also established a partnership with Newgate for sales, distribution, and servicing in these regions.
Mullen Automotive successfully concluded its 2022 Mullen FIVE 'Strikingly Different' Test Drive Tour on December 16 in Charlotte, North Carolina, after visiting nine U.S. cities. The tour showcased the Mullen FIVE EV Crossover, with all locations selling out and receiving positive feedback. A second leg of the tour is planned for spring 2023, focusing on the East Coast and featuring the high-performance Mullen FIVE RS. Mullen aims to deliver the Mullen FIVE in 2025 and has made significant acquisitions to enhance its EV portfolio.
Mullen Automotive (NASDAQ: MULN) has announced a significant purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, LLC, valued at approximately $200 million.
This partnership marks the first commercial dealer relationship for Mullen, highlighting the growing demand for its electric vehicles. Deliveries are expected to commence in the First Quarter of 2023.
Mullen Automotive (NASDAQ: MULN) announced a firm purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, valued at approximately $200 million. Deliveries are set to begin in the first quarter of 2023. RMA, a major commercial vehicle dealer, has become Mullen's first commercial dealer partner, indicating strong demand for Mullen's EV solutions. This partnership aligns with Mullen’s strategy to leverage their commercial EV portfolio, manufactured at their plant in Mississippi.
Mullen Automotive (NASDAQ: MULN) has announced a partnership with Loop Global to enhance EV charging infrastructure through a $300 million financing program. The collaboration aims to combine Mullen's vehicle engineering with Loop's charging solutions, offering a complete system for both public and private charging needs. This includes Level 2 and Level 3 DC fast charging capabilities and a unique financing model that allows customers to implement charging stations at no upfront cost. The partnership strives to accelerate the adoption of electric vehicles in the USA.
Mullen Automotive has partnered with Randy Marion Automotive, becoming the first commercial dealer group to offer sales, service, and parts for Mullen's Class 1-6 electric vehicle (EV) lineup, expected to launch in 2023. This collaboration aims to address the underserved commercial EV market, particularly in the Class 1 cargo van segment, as OEMs have exited this space. Randy Marion expressed confidence in Mullen's offerings, while Mullen's CEO highlighted the significance of this partnership for the company's growth.
Mullen Automotive has appointed Ronald Dixon as General Manager of Government Sales, targeting U.S. federal vehicle procurement programs. Dixon, with over 42 years in the automotive sector, will leverage his extensive experience from General Motors to facilitate Mullen's entry into this market. The Biden administration aims to convert the federal fleet of approximately 650,000 vehicles to electric, offering significant growth opportunities for Mullen, which specializes in electric vehicles. The move aligns with Mullen's vision for commercial EV sales success.
Mullen Automotive has appointed Donald Borthwick as Vice President of Commercial Sales, bringing over 25 years of experience from Ford. Borthwick's track record includes an 18% increase in commercial vehicle sales and strong relationships with key commercial accounts. His leadership is expected to enhance Mullen’s position in the commercial EV market. Mullen, which focuses on developing affordable electric vehicles entirely in the U.S., aims to deliver its first crossover, the Mullen FIVE, in 2024. This strategic hire is part of Mullen's broader efforts to expand its market presence.