Mullen Class 3 Vehicle Production Has Started
August 10 2023 - 7:30AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces start of vehicle production at its Tunica, Mississippi,
assembly plant for the Mullen THREE, Class 3 EV truck with first
customer deliveries on track to begin in August and
September.
Mullen will be gradually ramping up production rate over the
course of September through December. Once fully ramped, Class 3
production capacity at the Tunica facility is currently planned for
3,000 Class 3 vehicles per year.
To date, the Company has received $79 million in purchase orders
for 1,250 Mullen THREE, Class 3 EV trucks from Randy Marion
Automotive Group and MGT Lease Company.
“I am proud to announce that our Class 3 vehicle line is now in
production mode at our Tunica facility. Our team has been working
seven days a week, day and night, getting this plant reconfigured
and ready for Class 3 production,” said David Michery, CEO and
chairman of Mullen Automotive.
Mullen’s Tunica commercial manufacturing center includes over
120,000 square feet and is situated on over 100 acres. The facility
is focused on production of Class 1 and Class 3 commercial EV
vehicles 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.
The Mullen THREE, with a MSRP starting at $68,500, which should
qualify for $7,500 in federal tax incentives, is an efficient Class
3 low cab forward EV truck featuring an 11,000 Gross Vehicle Weight
Rating, a tight turning diameter of 38 feet and excellent
visibility for superior maneuverability on narrow city streets.
This versatile chassis provides a clean top-of-rail for easy
upfitting with bodies up to 14 feet long and over 5,800 pounds of
payload. In addition, the design of the LCF chassis will allow an
estimated (EPA) range of 130 miles and more cargo volume within a
given overall length.
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-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 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 the date of vehicle delivery to customers, the
number of vehicles that will be built at the Tunica facility
annually and whether the Mullen THREE will be a success.
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
- Mullen Class 3 Vehicle Manufacturing
- Mullen Employees Working on Class 3 Vehicle Production
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