Mullen Automotive Inc. MULN Archives - Page 17 of 28

WednesdayFeb 15, 2023 11:13 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Q1 2023 Fiscal, Business Report

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its fiscal first quarter for the period ending Dec. 31, 2022. Highlights of the report include the following: acquiring the assets of Electric Last Mile Solutions (“ELMS”) in a $105 million acquisition move; $100 million in cash being available for operations and investment at the end of Q1 2023; 31, 2022; securing the rights for exclusive sales, distribution and branding for the new compact electric vehicle, the Mullen-GO (formerly I-GO), and initial delivery of the vehicle to the distribution agent; receiving a $200 million purchase order from…

ThursdayFeb 02, 2023 1:57 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Partners with Loop Global, Menzies Aviation on LAX Pilot Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is collaborating with Menzies Aviation and Loop Global Inc. on a pilot program at the Los Angeles International Airport; the program involves Mullen’s Class 1 EV cargo vans. The world’s largest aviation services company, Menzies operates in 250-plus airports in 58 countries, providing ground, air cargo and fuel services to commercial airports and airlines. Menzies is piloting Mullen Automotive electric vans and Loop Global charging infrastructure across its operations at LAX; the program is part of Menzies commitment to identify innovative solutions as it works to become carbon neutral by…

ThursdayJan 26, 2023 11:21 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Special Shareholder Meeting, Announces Key New Hires

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is releasing results from its reconvened Special Meeting of Stockholders. The meeting, which was held on Jan. 25, 2023, included several proxy proposals on the agenda; MULN is reporting that all proposals were approved. According to the announcement, the company has no current plans to effect a reverse split. In addition, the company has until March 6, 2023, to meet the $1 minimum bid requirement established by NASDAQ. Based on the report, if that share price isn’t met, MULN will seek an extension from NASDAQ to meet the required threshold, which would…

ThursdayDec 22, 2022 11:30 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces I-GO European Arrival

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that its I-GO(TM) Commercial Urban Delivery EV has arrived in Europe; specifically, sample vehicles are on their way to Ireland-based Newgate Motor Group, with an expected delivery for early next month. Initially, delivery was scheduled for December, but COVID-related shutdown issues caused the delay. According to the announcement, Mullen’s I-GO is an urban commercial delivery vehicle designed to meet the growing demand for quick deliveries in dense cities throughout Europe that have space constraints; the I-GO is EU standard homologated, certified, and ready for sale in initial markets…

TuesdayDec 20, 2022 11:35 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Wraps Up 2022 Mullen FIVE Strikingly Different Tour

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, finished its innovative 2022 Mullen FIVE Strikingly Different Test Drive Tour with a last stop on Dec. 16, 2022, in Charlotte, North Carolina. The tour began Oct. 27, 2022, and featured stops in nine cities in the west, south, and southeastern parts of the country. According to the announcement, the tour was very successful; the company is already planning a follow-up spring tour with stops planned throughout the eastern, northwest and Midwest parts of the country. The fall tour featured the Mullen Five; the spring tour will feature the Mullen…

ThursdayDec 15, 2022 12:35 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces New PO for 6,000 Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, received a purchase order for 6,000 Class 1 EV cargo vans; the order comes from Randy Marion Isuzu LLC, a member of the Randy Marion Automotive Group (“RMA”). According to the announcement, the order is valued at an estimated $200 million, and MULN anticipates starting delivery of the vehicles by Q1 2023. One of the largest and most respected commercial vehicle dealer groups in the United States, RMA was announced as Mullen’s first commercial dealer partner to offer sales, service and parts for Mullen Automotive’s commercial vehicle lineup. An RMA…

WednesdayDec 14, 2022 11:39 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN), Loop Global Inc. Enter Strategic Partnership

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its entry into a definitive agreement with Loop Global, a full-service EV charging solution provider, to build the next generation of public and private EV charging technology, infrastructure and network solutions. According to the announcement, the partnership will combine Mullen Automotive’s expertise in electric vehicle design and engineering with Loop’s expertise in electric vehicle charging infrastructure to offer a comprehensive solution for businesses, municipalities and residential EV drivers looking to deploy seamless and reliable EV charging stations. “Our partnership with Loop will not only enable us to provide…

TuesdayDec 13, 2022 11:52 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Signs RMA as First US Dealer Partner for Commercial EV Lineup

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced Randy Marion Automotive (“RMA”) as the first dealer group partner for MULN’s commercial EV lineup, which is set to launch in the U.S. in 2023. The commercial EV line includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products. “We are impressed with Mullen Automotive’s EV lineup, their speed to market and, most notably, their focus on an underserved commercial market for EV vehicles,” said Randy Marion, CEO and founder of RMA. “This is especially obvious when you consider what has taken…

ThursdayDec 08, 2022 10:51 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Auto Veteran as New VP of Commercial Sales

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that Donald Borthwick, previously head of western sales for Ford, will be its new vice president of commercial sales. With more than two decades of commercial vehicle sales experience with Ford, Borthwick has amassed an impressive track record. He grew the company’s west region commercial vehicle sales by 18% during his time there while also achieving regional volume and margin leadership annually. He acquired and developed strategic relationships with key, high-volume accounts from an array of sectors, including consumer retail, food service and package delivery while also securing…

ThursdayDec 01, 2022 12:35 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Closes on Acquisition of ELMS Plant, Assets and IP

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has officially closed on its previously announced acquisition of Electric Last Mile Solutions (“ELMS”) assets, including all IP and a factory located in Mishawaka, Indiana. The all-cash, $105 million transaction was completed on Nov. 30, 2022. According to the announcement, the ELMS acquisition allows Mullen to enter the commercial market much earlier than previously planned. In fact, the company plans to deliver class 1 product during the first quarter of 2023 and class 3 vehicles during the second quarter. The company noted that the factory, which previously produced General Motors’…

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