Mullen Announces Collaboration with Team Rosberg Engineering (TRE) for Vehicle Chassis Development
August 25 2022 - 8:30AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today a collaboration with TRE (Team
Rosberg Engineering) GmbH from Germany on vehicle chassis and
safety development for the Mullen FIVE EV Crossover Program.
Mullen is currently working with engineering partner ARRK to
finalize the structural layout for the Mullen FIVE with
computer-aided engineering (CAE) simulation loop. The program is on
track to finish engineering development next year as originally
planned. Mullen previously announced its partnership with leading
German automotive engineering company ARRK in December 2021. ARRK
is supporting Mullen with CAE, body in white, battery, closures,
interior, chassis, thermal, and infotainment engineering.
Additionally, Mullen has recently initiated a strategic
collaboration with Team Rosberg Engineering (TRE) for vehicle
chassis and safety development. TRE was founded in 1997 by Formula
1 world champion Keke Rosberg (‘82) as a development center for the
series development of chassis systems. Nico Rosberg (Formula 1
world champion 2016) has been actively involved in the company
since 2018, primarily focusing on New Mobility. With 25 years of
experience, TRE’s competence includes all aspects of vehicle
dynamics development. TRE is highly specialized in chassis
development for production and prototype vehicles and is an
independent tier 1 engineering supplier for several large OEMs
worldwide.
"The engineering work for the FIVE continues to progress in full
swing. We’ve made rapid progress thanks to our incredible
partners,” said David Michery, CEO and chairman of Mullen
Automotive. “These new partnerships are accelerating our path to
start of production, which we previously slated for Q4 2024 and Q1
2025. Having companies such as ARRK and Team Rosberg involved in
the FIVE program is a great privilege for Mullen.”
About MullenMullen is a Southern
California-based automotive company that owns and partners with
several synergistic businesses working toward the unified goal of
creating clean and scalable energy solutions. Mullen has evolved
over the past decade in sync with consumers and technology trends.
Today, the Company is working diligently to provide exciting EV
options built entirely in the United States and made to fit
perfectly into the American consumer’s life. Mullen strives to make
EVs more accessible than ever by building an end-to-end ecosystem
that takes care of all aspects of EV ownership.
Forward-Looking StatementsCertain statements in
this press release which are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult
to predict. Examples of such risks and uncertainties include but
are not limited to whether the Company will achieve its objectives
for finishing its engineering development within anticipated
timelines; and whether the Company’s collaborations with Team
Rosberg Engineering (TRE) and ARRK will be successful or yield
anticipated results. Additional examples of such risks and
uncertainties include but are not limited to:
(i) Mullen’s ability (or inability) to obtain additional
financing in sufficient amounts or on acceptable terms when needed;
(ii) Mullen's ability to maintain existing, and secure
additional, contracts with manufacturers, parts and other service
providers relating to its business;
(iii) Mullen’s ability to successfully expand in existing
markets and enter new markets; (iv) Mullen’s ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (v) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (vi) the
ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition
on Mullen’s business; (viii) changes in government
licensing and regulation that may adversely
affect Mullen’s business; (ix) the risk that changes in
consumer behavior could adversely affect Mullen’s business;
(x) Mullen’s ability to protect its intellectual property; and
(xi) local, industry and general business and economic conditions.
Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Mullen with the Securities and Exchange
Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Wire Service Contact:InvestorWire (IW) Los
Angeles, Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
- Team Rosberg Engineering supporting Mullen FIVE chassis and
safety development
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