via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today development of a light-weight truck
body for its Class 3 EV with Phenix Truck Bodies & Van
Equipment (“Phenix”). Phenix will develop a unique, light-weight
body configuration designed to satisfy the needs of Class 3 service
body truck fleets, with the goal of offering an EV alternative to
ICE vehicles. Upon upfit completion, the Class 3 vehicle will be
made available to Phenix commercial fleet customers for evaluation
and pilot programs.
Phenix Truck Bodies & Van Equipment, based in Southern
California, is one of California's largest work truck, van
equipment and specialty truck body manufacturers. For 45 years,
Phenix has designed and manufactured custom work trucks and fire
apparatus for the most selective customers. Long-term customers
include: Southern California Edison, Southern California Gas
Company, Los Angeles County Fire Department, San Diego Gas &
Electric, USDA-Forest Service and the cities of Los Angeles and San
Diego. Phenix is a California Public Utilities Commission (“CPUC”)
Clearinghouse Certified Minority Business Enterprise (“MBE”).
The Mullen THREE features a tight turning diameter of 38 ft. and
excellent visibility for superior maneuverability on narrow city
streets. Its versatile chassis provides a clean top-of-rail for
easy upfitting with bodies up to 14 feet in length and over 5,800
lbs. of payload.
“Since revealing our Mullen THREE all-electric tilt cab in
March, we have had very positive feedback and strong interest,”
said John Schwegman, chief commercial officer, Mullen Automotive.
“With availability later this year, we are excited to have fleet
customers begin piloting our Class 3 product and experience how an
all-electric truck can work in their fleet of vehicles.”
“Phenix, in its 45-year history, has outfitted vehicles for some
of the largest commercial public utility customers in the western
U.S. with focus on Southern California,” said David Michery, CEO
and chairman of Mullen Automotive. “Having the opportunity to add
our commercial EVs into the mix with Phenix and their large fleet
business is a great step forward for our commercial business.”
Pre-production units of the Mullen THREE are available
nationally for customer demos and test drives. Fleets,
municipalities and small businesses can request a demo of Mullen’s
commercial vehicles here.
Production of the Mullen THREE will take place at Mullen’s
manufacturing facility in Tunica, Mississippi, with deliveries
expected in August and September 2023.
About Phenix Truck Bodies & Van
EquipmentSince 1978, Phenix Truck Bodies & Van
Equipment has been manufacturing specialty custom work trucks for
Southern California municipalities, utilities, fire departments,
and the U.S. Government. Phenix offers complete vocational fleet
solutions by providing both custom manufactured and distributed
equipment, and accessories configured to customers’ exacting
specifications.
To learn more about the company, visit www.Phenixent.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 its two United States-based assembly plants. Mullen's EV
development portfolio includes the Mullen FIVE EV Crossover, Mullen
I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 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) whether the Company’s relationship with Phenix
Truck Bodies & Van Equipment will be a success and whether the
development of a light-weight truck body for its Class 3 EV will
materialize and, if so, prove beneficial; (ii) the timing of
manufacturing, production and availability of Mullen vehicles to
customers; (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:IBN
(InvestorBrandNetwork) Los Angeles, California
www.InvestorBrandNetwork.com 310.299.1717 Office
Editor@InvestorBrandNetwork.com
- Mullen and Phenix to Develop EV Truck Body for Commercial
Fleets
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