Mullen Automotive Inc. MULN Archives - Page 15 of 28

FridayJun 02, 2023 9:45 am

Mullen Automotive Inc. (NASDAQ: MULN) Inks Class 3 Truck PO, Purchase Agreement in Continued Upward Momentum

MULN received an order for one thousand class 3 trucks from its dealer partner, Randy Marion Automotive The company is excited about entering the next phase of its commercial launch with the Mullen THREE Mullen inked a $15 million vehicle purchase agreement with the MGT Lease Company for 250 class 3 cab chassis EV trucks On the heels of several purchase agreements and orders, Mullen Automotive (NASDAQ: MULN) is experiencing impressive momentum as it continues to focus on growing in the electric vehicle space. Most recently, the company received a 1,000-unit purchase order (https://ibn.fm/2tLyU) and announced a $15.7 million vehicle purchase…

TuesdayMay 30, 2023 10:30 am

Mullen Automotive Inc. (NASDAQ: MULN) Strengthens Position in Growing EV Market

The market for EVs has grown rapidly in recent years and is expected to continue growing at a fast pace over the coming decade MULN’s two manufacturing facilities are gearing up for increased production volume The company is meeting noteworthy milestones with each of its EV brands As the EV market steadily rises in the coming years, Mullen Automotive (NASDAQ: MULN) is positioning itself to be a strong player in the space. The Southern California–based automotive company recently released a corporate update outlining the impressive growth it has seen in the past few months (https://ibn.fm/nhIqM). “The market for electric vehicles…

ThursdayMay 25, 2023 1:20 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Participation in 2023 Government Fleet Event

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has completed its inaugural participation at the Government Fleet Expo and Conference (“GFX”), the largest annual conference for public fleets in the nation. The conference was held May 22–25, in Dallas. During the event, Mullen showcased several of its offerings, including its commercial EVs, the Mullen ONE and Mullen THREE. The company reported that attendees met with Mullen technology, sales and product marketing team members to talk about their fleet needs, with many signing up for vehicle demos. The company also participated in its first commercial drive event: GFX’s Block…

TuesdayMay 23, 2023 2:29 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Strategic Partnership with Amerit Fleet Solutions

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced Amerit Fleet Solutions as the provider for national service and warranty work, supporting Mullen’s commercial vehicle lineup, including the Mullen CAMPUS – EV Cargo Van, the Mullen ONE – Class 1 EV Van and the Mullen THREE – Class 3 EV Cab Chassis Truck programs. According to the announcement, Amerit will provide national fleet service and warranty repair work for these programs and, prior to launch, will be working closely with the Mullen commercial product team and vehicle technicians in Troy, Michigan, and Tunica, Mississippi, to train on…

ThursdayMay 18, 2023 11:42 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports that Common Stock Has Met NASDAQ $1 Minimum Bid Price Requirement

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reported that its stock has traded above NASDAQ’s $1 minimum bid price requirement for 10 consecutive days, a key guideline to meet NASDAQ trading requirements. In September 2022, the company was notified by NASDAQ that its common stock no longer met the minimum $1 bid price per share requirement. Consequently, the company was given 180 calendar days to regain compliance; that deadline was extended another 180 days earlier this year. In an effort to meet the requirement, Mullen implemented a reverse stock split, effective May 4, 2023. As a…

WednesdayMay 17, 2023 11:23 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN), NRTC Commence Class 3 Assembly Line Installation and Integration

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that vehicle production will begin in July 2023 at Mullen’s Manufacturing Center in Tunica, Mississippi. According to the announcement, Mullen’s manufacturing group is collaborating with NRTC Automation (“NRTC”) out of Birmingham, Alabama, for Class 3 assembly line installation and integration, including all robotics and automation systems for vehicle production. NRTC will support Mullen’s Class 3 operation through launch and provide ongoing support of the production as Mullen ramps up to meet the full market demand from its commercial customers. “It’s gratifying to see our Class 3 vehicle production…

MondayMay 15, 2023 2:05 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Business Update, EMM Testing and Installation

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has provided an update for stockholders on key components of its business. The update covered factory activities in Mishawaka, Indiana, and Tunica, Mississippi, as well as developments in Mullen Advanced Energy Operations, Bollinger Motors commercial vehicles 4-6, Mullen commercial vehicles Class 1 and 3 and the Mullen FIVE EV crossover program. In part, the update noted that on March 30, 2023, the MGT Lease Company, a national fleet sales and leasing provider, received delivery of Mullen EV cargo vans; shortly thereafter, MGT placed a $15.8 million order for 250 all-electric commercial…

ThursdayMay 11, 2023 2:17 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures $15,755,000 Vehicle Purchase Agreement with MGT

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its entry into a vehicle purchase agreement with MGT Lease Company (“MGT”), a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks in a contract valued at $15,755,000. The vehicles are slated for delivery beginning in August 2023, with complete fulfillment of the purchase agreement to occur by December 2023. Randy Marion Automotive Group, a distributor of Mullen’s commercial EVs, will fulfill the vehicle orders. “Our agreement with MGT enables them to offer their fleet customers a competitive commercial EV vehicle offering,…

ThursdayMay 04, 2023 11:26 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Customer Pricing for Two Models, Notes 1-for 25 Reverse Stock Split

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is releasing customer pricing for its Class 1 EV cargo van; the company announced that the starting price for the EV van will be $34,500 and the class 3 EV cab chassis trucks will start at $68,500. The announcement comes as the company has delivered 19 EV cargo vans to date with 20 more planned for this month, along with an anticipated purchase order for 200 more expected this month. The company previously announced that it had received a 1,000-unit class 3 EV truck purchase order from the Randy Marion…

WednesdayMay 03, 2023 11:50 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Corporate Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its manufacturing activities in its two facilities and in producing its line of EVS. The company also noted that as of April 30, 2023, it had available cash of $116.1 million and has received $263 million in purchase orders for its Mullen class 1 and class 3 EV vans and trucks from Randy Marion Automotive Group. The company’s Bollinger Motors is moving forward on producing its class 4–6 commercial vehicles and B1 SUV and B2 pick-up truck; Bollinger Motors B4 chassis cab engineering is 90% complete and…

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