Mullen Delivers 38 Class 3 Vehicles to Randy Marion Automotive Group
December 21 2023 - 8:00AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces 38 additional Class 3 vehicles have been delivered to
Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the
Company invoicing RMA for $2.5 million.
In total, Randy Marion has committed to 1,000 Class 3 vehicles
for a total of $63 million with the majority of the vehicles to be
delivered in calendar year 2024. As previously reported, Class 3
production at the Tunica, Mississippi, facility is planned for 150
vehicles for 2023, with total capacity for Class 3 planned at 3,000
vehicles annually per shift.
“The Mullen THREE product is a great offering with 1,000 cubic
feet of cargo capacity when upfit with a 14-foot box and offers
best in class maneuverability. Demand is strong for the Mullen’s
All-Electric product lineup,” said Brad Sigmon, fleet vice
president at Randy Marion Automotive.
Mullen THREE production is based out of Tunica, which is home to
Mullen’s commercial vehicle assembly for both the Mullen ONE, Class
1 EV cargo van, and the Class 3 EV cab chassis trucks. Mullen began
first deliveries of the Mullen THREE to Randy Marion on Sept. 28,
2023. Randy Marion received its North Carolina license to retail
Mullen’s commercial EVs on Nov. 16, 2023, opening the ability of
the dealership to conduct sales to customers.
“I am pleased to see additional Class 3s are on their way to
Randy Marion,” said David Michery, CEO and chairman of Mullen
Automotive. “Class 3 production has ramped up significantly and I
am confident we will achieve our 2023 production volumes.”
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 timing of future Mullen vehicle deliveries, and
the expected demand for all classes of Mullen vehicles. 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
- To date, Mullen has delivered 48 Class 3 vehicles to Randy
Marion Automotive Group
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