NRTC Integration Underway in Preparation for Production Start of Class 3 EV Cab Chassis Truck
May 17 2023 - 8:00AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer,
announces vehicle production will begin in July 2023 at Mullen’s
Manufacturing Center in Tunica, Mississippi.
Mullen’s manufacturing group has partnered with NRTC Automation
(“NRTC”) out of Birmingham, Alabama, for Class 3 assembly line
installation and integration, which includes all robotics and
automation systems for vehicle production. Recent capital
expenditures in Tunica include addition of Automated Guided
Vehicles to transport vehicles through assembly stations in the
plant, installation of robotics, water test booth and end-of-line
diagnostics. NRTC will support Mullen’s Class 3 operation through
launch and also provide ongoing support of the production as Mullen
ramps up to meet the full market demand from its commercial
customers.
To date, the Company has received $279 million in purchase
orders for Mullen Class 1 and Class 3 EV Vans and Trucks from Randy
Marion Automotive Group. Randy Marion, based in North Carolina, is
one of the largest commercial vehicle dealer groups in the U.S.
The headcount at the Tunica facility has grown steadily in
anticipation of vehicle production. Mullen recently announced the
hiring of an additional 35 plant staff to support production start
of the Class 3 vehicle program.
“Finalizing the infrastructure and capital assets to support the
operation on time is a critical task,” said John Taylor, SVP of
global manufacturing operations for Mullen Automotive. “I have been
through many start-ups, and the support that we have received from
NRTC to-date has been extraordinary.”
Mike Vagi, president of NRTC Automation, said, “Working with
Mullen’s team from the beginning of this project, and to be a key
team member responsible to bring the Mullen THREE to market is a
role that we take very seriously.”
“It’s gratifying to see our Class 3 vehicle production line
coming together in Tunica and even more validating to know we will
have vehicles coming off the line and delivered to customers later
this summer,” said David Michery, CEO and chairman of Mullen
Automotive.
Mullen’s Commercial Manufacturing Center is located in Tunica,
Mississippi, and is in close proximity to all major rail lines,
interstates, Mississippi river systems, and air logistics, placing
it in a primary logistical center of North America.
About NRTC AutomationNRTC is an Alabama-based
company and has been in the automation space for automotive
manufacturing integration since 2012.
To learn more about the company, visit
www.NRTCautomation.com.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of electric vehicles (“EVs”) that will be manufactured
in two Company-owned United States-based assembly plants. Mullen's
EV development portfolio includes the Mullen FIVE EV Crossover,
Mullen Commercial Class 1 and 3 EVs and Bollinger Motors, which
features both the B1 and B2 electric SUV trucks and Class 4-6
commercial offerings. On Sept. 7, 2022, Bollinger Motors became a
majority-owned EV truck company of Mullen Automotive, and on Dec.
1, 2022, Mullen closed on the acquisition of all of Electric Last
Mile Solutions' (“ELMS”) assets, including all IP and a
650,000-square-foot plant in Mishawaka, Indiana.
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: (i) the timing of the production commencement,
completion and delivery of Mullen vehicles; the timing of expected
revenues from vehicle sales; (ii) whether the partnership with NRTC
Automation will be a success; (iii) Mullen’s ability (or inability)
to obtain additional financing in sufficient amounts or on
acceptable terms when needed; (iv) Mullen's ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (v)
Mullen’s ability to successfully expand in existing markets and
enter new markets; (vi) Mullen’s ability to successfully manage and
integrate any acquisitions of businesses, solutions or
technologies; (vii) unanticipated operating costs, transaction
costs and actual or contingent liabilities; (viii) the ability to
attract and retain qualified employees and key personnel; (ix)
adverse effects of increased competition on Mullen’s business; (x)
changes in government licensing and regulation that may adversely
affect Mullen’s business; (xi) the risk that changes in consumer
behavior could adversely affect Mullen’s business; (xii) Mullen’s
ability to protect its intellectual property; and (xiii) 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
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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