via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today that the Mullen FIVE has received
overwhelmingly positive reactions from members of the public,
reservation holders and Mullen investors who were able to ride in
the vehicle for the very first time on the “Strikingly Different”
tour which kicked off last week in Pasadena, California.
This follows news just released from the California Governor’s
office that 17.7% of all new cars sold in California are
zero-emission vehicles ("ZEVs”), according to the California Energy
Commission. The ZEV share of sales is up 42.7% from 2021 and 126.9%
from 2020.
Participants at the tour stop were highly impressed by the
vehicle and the updated infotainment system featuring PERSONA,
which is Mullen’s proprietary Personal Vehicle Assistant
technology. PERSONA, featuring facial recognition technology,
is designed to provide every driver with a highly personalized
experience in the Mullen FIVE.
Feedback from some of the tour participants is highlighted
below. These reviews can also be viewed on Mullen’s YouTube
channel found here:
- “I can’t imagine how the RS is going to be, it’s going to be
phenomenal. Regen (regenerative braking) felt solid, it strikes
that battery right back and slows the car down .... That
infotainment is killer; I love the way it looks, the sleekness of
that, how it’s situated on the dash. It’s crystal clear and
brilliant, a lot of information going on there. It’s going to be a
great car.”
- “Very impressive, it rides so smooth. I also really like the
dash.”
- “I really enjoyed the car, I enjoyed how it was appointed
inside. I compared it to some other electric cars I’ve been in and
I didn’t see as much body roll when going around the corners. It
appears to be more like a driving experience.”
- “Just looking at the vehicle aesthetically, the design is
beautiful. The physical quality Is great.”
Due to high demand and limited seating on tour, Mullen is
currently working with a film crew to produce a short film that
will allow those unable to attend in person an opportunity to
experience the FIVE.
Mullen’s next stop is on Nov. 1 and 2 at the Angel Stadium in
Anaheim, California, which was recently included as an additional
stop due to overwhelming interest. From there, Mullen Automotive
takes the “Strikingly Different” Tour to Las Vegas, Nevada, on Nov.
10 and 11.
For the remainder of 2022, Mullen will continue the “Strikingly
Different” Tour in the following cities with exact dates, locations
and times announced on or before Nov. 1, 2022. Please visit
MullenUSA.com to learn more about the upcoming Mullen FIVE
“Strikingly Different” Tour.
November 2022Las Vegas, NV – Nov. 10 & 11 @
Las Vegas SpeedwayDallas, Texas – Nov. 14 & 15 @ Globe Life
FieldHouston, Texas Nov. 18 & 19 @ Minute Maid Park
December 2022Memphis, Tennessee – To be
announcedMiami, Florida — Dec. 5 & 6 @ loanDepot park Atlanta,
Georgia – To be announcedCharlotte, North Carolina – To be
announced
In Spring 2023, Mullen will launch the second leg of the
“Strikingly Different” Tour with a focus on the East Coast, Midwest
and northwest before finishing up in northern California. The
second leg of the tour will feature the Mullen FIVE RS, which is a
high-performance EV sport crossover featuring 1,100 horsepower, a
top speed of 200 mph, and acceleration from 0-60 mph in just 1.9
seconds.
Mullen is offering “front row” FIVE reservation holders the
first chance to experience the Mullen FIVE in person on the
“Strikingly Different” U.S. tour beginning this fall. Mullen asks
interested individuals who have not already done so to book their
FIVE reservations here in order to secure a priority spot on the
upcoming national tour. Further details and upcoming progress will
be shared on Mullen’s social media platforms and with individuals
who opt to stay connected here.
About MullenMullen Automotive is a Southern
California-based automotive company building the next generation of
premium electric vehicles (EVs) that are affordable and built
entirely in the United States. With an end-to-end ecosystem that
supports owners from test driving to financing and servicing
through a unique hybrid dealership model, customers are supported
through every aspect of EV ownership. The Mullen FIVE, the
Company’s first electric crossover, is slated for delivery in 2024
and features an award-winning design and its patented PERSONA
technology that utilizes facial recognition to personalize the
driving experience for every individual. To learn more about the
company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that 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 reservations received for any vehicles
will result in actual sales, whether the PERSONA system, the Mullen
FIVE and the Mullen FIVE RS will perform as contemplated,
whether high demand and interest in the vehicle will
continue, whether the short film demonstrating the vehicle and its
features will materialize and whether the contemplated dates,
locations and times of the “Strikingly Different” Tour, proposed
second leg of the tour featuring the Mullen FIVE RS and
any other contemplated Mullen vehicle demonstrator tours will
materialize and if so, whether they will prove successful for the
Company. 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; (ix) adverse
effects of increased competition on Mullen’s business; (vii)
changes in government licensing and regulation that may adversely
affect Mullen’s business; (viii) the risk that changes in consumer
behavior could adversely affect Mullen’s business; (ix) Mullen’s
ability to protect its intellectual property; and (x) 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
- Mullen FIVE EV Crossover “Strikingly Different” U.S. Tour
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