Mullen Achieves Production Milestone, Dec. 13, 2023, with 100th Mullen THREE EV Truck Rolling Off Tunica, Miss., Assembly Line
December 22 2023 - 8:00AM
via IBN -- Mullen Automotive, Inc .
(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging
electric vehicle manufacturer, announces today the Company achieved
a production milestone on Dec. 13, 2023, with the 100th Mullen
THREE, Class 3 cab chassis electric truck, rolling off the assembly
line in Tunica, Mississippi. As of Dec. 22, 2023, the Company has
completed 125 Mullen THREE’s.
A video of the 100th Mullen THREE crossing the production finish
line can be found on Mullen’s YouTube channel and
website.
“This is an important milestone for Mullen and demonstrates our
EV assembly plant in Tunica is scaling up to meet the commercial
vehicle production schedule that was planned at launch,” said David
Michery, CEO and chairman of Mullen Automotive, Inc. “We are
laser-focused on commercial vehicle production and customer
deliveries.”
Mullen’s production plan is aligned with current customer
purchase orders. Randy Marion group previously placed a purchase
order for 1,000 Class 3 trucks. As previously reported, Class 3
production capacity at the Tunica facility is currently planned at
3,000 annually per shift, allowing units to be added to the
schedule as additional customers are confirmed. Overall production
capacity allows Mullen to meet existing purchase orders while
providing the Company open production capacity to respond to
additional customer demand.
The All-Electric Mullen THREE is a Class 3 low cab forward EV
truck featuring an 89 kWh battery, a range of 125 miles, a payload
of 5,316 pounds and an 11,000 Gross Vehicle Weight Rating. The
Mullen THREE’s versatile chassis provides a clean top-of-rail for
easy upfitting with bodies up to 14 feet long.
About Mullen
Mullen 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 September 7, 2022, Bollinger Motors became
a majority-owned EV truck company of Mullen Automotive, and on
December 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 whether the timing of future production of Mullen
vehicles and the production shift capacity at the Tunica facility.
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.com310.299.1717 Office
Editor@InvestorBrandNetwork.com
- Company completed 100th Mullen THREE on Dec. 13, 2023
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