What's Going On With Mullen Automotive Shares Monday?
What's Going On With Mullen Automotive Shares Monday?
The dealer network now features partners like Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service across key markets in the West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic regions.Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Monday. The company disclosed the establishment of Mullen Credit Corporation (MCC) to support its growing dealership network with vehicle floor planning.
Mullen Automotive, Inc.(NASDAQ:MULN)股票週一上漲交易。該公司披露了成立Mullen Credit Corporation(中國中冶)以支持其不斷增長的經銷商網絡，爲車輛庫存計劃提供支持。
MCC, which will be a wholly owned subsidiary of Mullen Automotive, will offer attractive financing options for fleets and small business customers. Also, MCC will enable dealerships to finance inventory upfront, allowing them to repay the loan plus interest upon vehicle sale.
中國中冶將成爲Mullen Automotive的全資子公司，爲車隊和小型企業客戶提供有吸引力的融資期權。此外，中國中冶將使經銷商能夠提前爲庫存融資，讓他們在車輛銷售後償還貸款本金和利息。
Mullen's commercial EV lineup includes the Class 1 Mullen ONE cargo van and Class 3 Mullen THREE cab chassis truck, both designed for urban last-mile delivery and fully compliant with U.S. safety and environmental standards.
Mullen的商用電動車車型包括一級車型Mullen ONE貨車和三級車型Mullen THREE駕駛室底盤卡車，均設計用於城市末端遞送，並完全符合美國安全和環保標準。
The dealer network now features partners like Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service across key markets in the West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic regions.
經銷商網絡現在包括像Papé Kenworth、Pritchard EV、National Auto Fleet Group、Ziegler Truck Group、區間Truck Group、Eco Auto和Randy Marion Auto Group等合作伙伴，在西海岸、中西部、太平洋西北部、新英格蘭和中大西洋地區的關鍵市場提供銷售和服務。
David Michery, chairman and CEO, said, "Our business is experiencing rapid growth, with projected sales for 2025 expected to increase significantly. Consequently, our financing needs have also evolved."
主席兼首席執行官David Michery表示：「我們的業務正在快速增長，預計2025年的銷售額將大幅增加。因此，我們的融資需求也在不斷演變。」
"Mullen Credit Corporation will provide financing flexibility for our dealers and customers as we pursue accelerated growth and expand our market share."
「Mullen Credit Corporation將爲我們的經銷商和客戶提供融資靈活性，因爲我們追求加速增長並擴大市場份額。」
Last week, the company stated that it aims to reach $75 million in GAAP revenue through commercial and Bollinger Motors sales, with a $12.5 million monthly average.
上週，該公司表示計劃通過商業和Bollinger Motors銷售實現7500萬美元的GAAP營業收入，平均每月增長1250萬美元。
Also, Mullen Automotive planned a 20% headcount reduction, cutting spending by $5.5 million and eliminating the Mullen FIVE program.
此外，Mullen Automotive計劃減少20%的員工人數，削減550萬美元的支出，並取消Mullen FIVE項目。
Price Action: MULN shares are up 5.63% at $2.25 at the last check Monday.
價格走勢：MULN股價上漲5.63%，至2.25美元，在上週一最後交易時。
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譯文內容由第三人軟體翻譯。
