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) reported preliminary financial results for the period ending March 31, 2022. Cash and cash equivalents rose to $65.2 million, primarily from the Series C Preferred Stock issuance. Total assets increased to over $100 million, up approximately 138.4%. Stockholders’ equity improved from a $10.5 million deficit to a surplus of $52.6 million. The company also announced a partnership with Thurner Design to develop the Mullen FIVE RS, a high-performance EV crossover.
Mullen Automotive (NASDAQ: MULN) has provided an update on its solid-state polymer battery testing at the Battery Innovation Center (BIC) in Indiana. The facility has completed cell preconditioning and is preparing to enter high rate cycling, with results expected soon. This technology aims to produce a 150-kWh battery, promising over 600 miles of range for the Mullen FIVE EV. The company is optimistic about the battery performance, with final results anticipated later this month.
Mullen Automotive announces the inclusion of the high-performance Mullen FIVE RS in the second leg of its ‘Strikingly Different’ U.S. Test Drive Tour, extending through May 2023.
The Mullen FIVE RS boasts nearly 1,100 horsepower, accelerating from 0-60 mph in just 1.95 seconds and reaching close to 200 mph. Consumer test drives will be provided alongside professional drivers rather than directly. The tour will visit multiple cities, including Los Angeles, Las Vegas, and the Bonneville Salt Flats, with an emphasis on showcasing the vehicle's performance.
Mullen Automotive (NASDAQ: MULN) is set to launch a 19-city national test drive tour for its Mullen FIVE EV Crossover, starting in October. This event aims to provide reservation holders a chance to experience the vehicle first-hand. Each city will host a two-day event allowing limited participants to test drive on closed tracks. Key cities include Los Angeles, New York, and Chicago. CEO David Michery expressed excitement about the tour, which is a response to positive feedback from past events like the LA Auto Show.
Mullen Automotive has filed its ATVM loan application for the Mullen ONE EV Cargo Van Program with the U.S. Department of Energy, marking a significant milestone in its electric vehicle (EV) initiative. Submitted on April 29, 2022, the funds will support high-volume production at its Mississippi facility. The Mullen ONE EV is positioned to compete in the Class 1 light commercial van market. The ATVM Loan Program, established to promote U.S. manufacturing of light-duty vehicles, has seen over $8 billion in loans issued since its inception.
Mullen Automotive recently featured in a Q&A with The Buzz, discussing its electric vehicle plans, particularly the upcoming FIVE EV Crossover. Executives, including CEO David Michery, highlighted the company’s partnerships with key players in the EV industry, which aim to expedite the development and rollout of their vehicles. Mullen reported over $65 million in cash as of Q2 '22, showcasing financial stability. The interview emphasized the company's commitment to innovation, with over 120 patents filed globally related to the FIVE.
Mullen Automotive (MULN) is testing a solid-state polymer battery cell expected to enable over 600 miles of range for its Mullen FIVE EV Crossover. The tests will be conducted at the Battery Innovation Center in Indiana, with results anticipated in early May 2022. Previous tests indicated that the battery achieved an impressive 343 Ah at 4.3 volts. Mullen has $65 million in cash as of Q2 2022, with strategic partnerships aimed at expediting the EV rollout, including collaborations with companies like hofer powertrain and Dürr.
Mullen Automotive announces the retrofit of its Monrovia, California, facility for in-house production of EV battery packs.
This move aims to enhance quality control, reduce costs, and lessen reliance on third-party suppliers affected by supply chain issues.
With cash reserves exceeding $65 million and strategic partnerships for EV technologies, Mullen is poised to advance its EV vehicle lineup, including the Mullen ONE, FIVE, and DragonFLY models.
Mullen Automotive has announced the promotion of John Taylor to senior vice-president of Global Manufacturing and Strategic Planning. With extensive experience, including over 12 vehicle launches and key roles at General Motors and Tesla, Taylor will focus on the expansion of Mullen's Advanced Manufacturing and Engineering Center in Mississippi. Following the recent debut of two Mullen FIVE show cars and plans for a vehicle manufacturing facility, the company projects over $65 million in cash by the end of Q2 2022, bolstered by strategic partnerships in EV production.
Mullen Automotive (MULN) expects to report over $65 million in cash and cash equivalents in its upcoming Form 10-Q for Q2 ending March 31, 2022. CEO David Michery highlighted the company's strong balance sheet and recent financing success, which support the development of the Mullen FIVE EV Crossover and Mullen ONE EV Cargo Van. Mullen has forged key partnerships to expedite EV market entry and has filed over 120 patents in 24 countries. The company aims to establish competitive EV offerings domestically.
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