Mullen Delivers 50 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group Invoiced at $1,681,750
January 02 2024 - 9:25AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces 50 additional Class 1 EV cargo vans have been delivered
and invoiced for $1,681,750 to Randy Marion Automotive Group (“RMA”
or “Randy Marion”).
To date, the Company has delivered 100 Mullen ONE, Class 1 cargo
vans for a total invoiced amount of $3,363,500. Mullen is on target
to deliver a total of 285 Class 1 vehicles by Jan. 8,
2024.
Mullen ONE production is based out of Tunica, Mississippi, which
is home to Mullen’s commercial vehicle assembly for both the Mullen
ONE, Class 1 EV cargo van, and the Mullen THREE, Class 3 EV cab
chassis trucks. Randy Marion Automotive Group is based in
Charlotte, North Carolina, and is one of the top commercial dealer
groups in the U.S.
“We ended 2023 with an emphasis on delivering Class 1 and Class
3 vehicles and are now ramping up production to meet the
commitments we have for the 2024 demands of our current and future
customers,” said David Michery, CEO and chairman of Mullen
Automotive.
Mullen ONE, Class 1 Urban Delivery EV Cargo
Van The Mullen ONE is anticipated to be the first EV
cargo van for sale in the U.S. market in the Class 1 commercial
vehicle segment. This van was designed for last-mile delivery, with
best-in-class cargo volume, payload, and turning diameter to easily
navigate through narrow urban streets and residential roads.
Mullen ONE, Class 1 EV cargo van highlights:
- 110-mile estimated range
- 4,881 lbs. GVWR
- 1,683 lbs. max payload
- 157-cubic-feet cargo volume
- 20-foot turning radius
View full vehicle specifications for the Mullen
ONE here.
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 volumes and timing of future Mullen vehicle
deliveries, whether the Mullen ONE will be the first EV cargo van
for sale in the U.S. market in the Class 1 commercial vehicle
segment and expected performance and 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, Company has delivered 100 Mullen ONE’s to RMA for
$3,363,500
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