Mullen and Randy Marion Deliver First Class 1 EV Cargo Vans to MGT Lease Company in North Carolina
Mullen and Randy Marion Deliver First Class 1 EV Cargo Vans to MGT Lease Company in North Carolina
MGT is a growing fleet leasing company with over 1,500 commercial vehicle deliveries in 2022
The First of Mullen's Class 1 EV Cargo Vans Delivered to MGT Lease Company
Class 1 EV Cargo Vans delivered to MGT Lease Company, based in High Point, North Carolina, with vehicle order fulfilled through Randy Marion Automotive, a distributor of Mullen's commercial EVs. Initial order is for four vehicles, with subsequent future deliveries expected.
Forthcoming announcement of additional customer Class 1 van deliveries to follow
BREA, Calif., March 31, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces that class 1 EV cargo vans have been delivered to MGT Company ("MGT") in Highpoint, North Carolina, with the vehicle order fulfilled by Randy Marion Automotive Group.
Mullen is proud to announce MGT as one of its first commercial EV fleet customers. MGT is a growing commercial vehicle sales and leasing company with annual revenue of over $70 million in 2022 and $100 million projected for 2023. MGT's primary customer base focuses on last mile segments, such as package delivery and retail, and vocations such as plumbing and electrician. MGT currently provides commercial vehicle sales and leasing across all major OEM brands, with focus on class 1-4 commercial vehicles.
"Mullen's class 1 is a perfect entry point for us and working with the Company. The class 1 segment no longer has internal combustion engine options from the major OEM brands and certainly does not have any class 1 EV options. One of the biggest opportunities we see is the class 3 cab-chassis segment, with the potential to upfit and offer unlimited options for commercial customers," said Thomas Gavlik, managing partner at MGT.
"MGT is a rapidly growing fleet leasing company that fully understands the commercial market and will help accelerate Mullen's Fleet-First commercial vehicle approach," said John Schwegman, Mullen's chief commercial officer.
"We continue to see growing interest in our commercial EV offerings, and it's great to have MGT as one of our first commercial customers," said David Michery, CEO and chairman of Mullen Automotive. "We look forward to growing our relationship with MGT across our entire platform of commercial EV vehicles."
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 I-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 all 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 .
Forward-Looking Statements
Certain 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: (i) whether the commercial product launches contemplated for 2023 will materialize within the slated timelines; (ii) whether MGT Lease Company will be satisfied with the vehicles delivered, whether any future contemplated deliveries to them will materialize, whether the Company's relationship with MGT will prosper or accelerate Mullen's Fleet-First commercial vehicle approach or whether the contemplated forthcoming announcement of additional customer Class 1 van deliveries will materialize; (iii) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen's ability to successfully expand in existing markets and enter new markets; (vi) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen's business; (x) changes in government licensing and regulation that may adversely affect Mullen's business; (xi) the risk that changes in consumer behavior could adversely affect Mullen's business; (xii) Mullen's ability to protect its intellectual property; and (xiii) local, industry and general business and economic conditions. 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) 613-1900
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Attachment
- The First of Mullen's Class 1 EV Cargo Vans Delivered to MGT Lease Company
MGT 是一家成長中的車隊租賃公司,2022 年交付的商用車超過 1,500 輛
馬倫的第一輛1級電動汽車貨車交付給了MGT租賃公司
1級電動汽車貨車交付給了總部位於北卡羅來納州海波因特的MGT Lease Company,車輛訂單由馬倫商用電動汽車的分銷商蘭迪·馬裏恩汽車完成。最初的訂單是四輛車,預計將來會交付。
即將宣佈隨後將向客戶交付更多一類貨車
加利福尼亞州佈雷亞,2023 年 3 月 31 日(GLOBE NEWSWIRE)— 通過 InvestorWire — 馬倫汽車有限公司。(納斯達克: 木倫)(“馬倫” 或 “公司”),一家新興的電動汽車(“EV”)製造商,今天宣佈,1級電動汽車貨車已交付給位於北卡羅來納州海波因特的MGT公司(“MGT”),車輛訂單由蘭迪·馬裏恩汽車集團完成。
馬倫自豪地宣佈,MGT是其首批商用電動汽車車隊客戶之一。MGT是一家成長中的商用車銷售和租賃公司,2022年的年收入超過7,000萬美元,預計2023年爲1億美元。MGT的主要客戶羣集中在最後一英里細分市場,例如包裹配送和零售,以及水暖和電工等職業。MGT目前提供所有主要OEM品牌的商用車銷售和租賃,重點是1-4級商用車。
“Mullen 的 1 級課程是我們和與公司合作的完美切入點。1級細分市場不再有主要原始設備製造商品牌的內燃機選項,當然也沒有任何1級電動汽車選項。我們看到的最大機遇之一是3級駕駛室底盤細分市場,該細分市場有可能升級併爲商業客戶提供無限的選擇。” MGT管理合夥人托馬斯·加夫利克說。
馬倫首席商務官約翰·施韋格曼表示:“MGT是一家快速發展的車隊租賃公司,它完全瞭解商業市場,並將幫助加快馬倫的Fleet-First商用車方針。”
Mullen Automotive首席執行官兼董事長戴維·米歇裏表示:“我們繼續看到人們對商用電動汽車產品的興趣與日俱增,MGT成爲我們的首批商業客戶之一真是太好了。”“我們期待在整個商用電動汽車平臺上發展與MGT的關係。”
關於馬倫
Mullen Automotive(納斯達克股票代碼:MULN)是一家總部位於南加州的汽車公司,生產下一代電動汽車(“電動汽車”),將在其位於美國的兩家裝配廠生產。馬倫的電動汽車開發組合包括Mullen FIVE EV Crossover、Mullen I-GO商用城市交付電動汽車、Mullen商用1-3級電動汽車和Bollinger Motors,後者包括B1和B2電動SUV卡車以及4-6級商業產品。2022年9月7日,布林格汽車成爲馬倫汽車的多數股權電動卡車公司,2022年12月1日,馬倫完成了對Electric Last Mile Solutions(“ELMS”)的所有資產的收購,包括所有知識產權和位於印第安納州米沙瓦卡的一座佔地65萬平方英尺的工廠。
要了解有關公司的更多信息,請訪問 。
前瞻性陳述
本新聞稿中某些非歷史事實的陳述是經修訂的1934年《證券交易法》第27A條所指的前瞻性陳述。本新聞稿中包含的任何非歷史事實陳述的陳述均可被視爲前瞻性陳述。諸如 “繼續”、“將”、“可能”、“應該”、“期望”、“預期”、“計劃”、“打算”、“預期”、“相信”、“估計”、“預測”、“潛力” 等詞語和類似表達方式旨在識別此類前瞻性陳述。所有前瞻性陳述都涉及重大風險和不確定性,可能導致實際結果與前瞻性陳述中表達或暗示的結果存在重大差異,其中許多前瞻性陳述通常不在馬倫的控制範圍內,難以預測。此類風險和不確定性的例子包括但不限於:(i) 計劃於2023年推出的商業產品是否將在預定時間表內實現;(ii) MGT Lease Company是否會對交付的車輛感到滿意,未來計劃向他們交付的任何車輛是否會實現,公司與MGT的關係是否會繁榮或加速 Mullen的Fleet-First商用車方針,或者計劃中的即將增加客戶數量 1 級貨車的交付將實現;(iii) 馬倫有能力(或無法)在需要時以足夠金額或可接受的條件獲得額外融資;(iv)馬倫維持與製造商、零件和其他服務提供商簽訂的與其業務有關的現有合同並獲得額外合同的能力;(v)馬倫成功地在現有市場擴張和進入新市場的能力;(vi)馬倫成功管理和整合任何業務、解決方案或技術收購的能力;(vii)意想不到的運營成本、交易成本以及實際或或有的成本負債;(viii)吸引和留住合格員工和關鍵人員的能力;(ix)競爭加劇對馬倫業務的不利影響;(x)可能對馬倫業務產生不利影響的政府許可和監管變化;(xi)消費者行爲的變化可能對馬倫的業務產生不利影響的風險;(xii)馬倫保護其知識產權的能力;以及(xiii)地方、行業和一般商業和經濟狀況。可能導致實際業績與前瞻性陳述中表達或暗示的業績存在重大差異的其他因素可以在最新的10-K表年度報告、10-Q表的季度報告以及馬倫向美國證券交易委員會提交的8-K表最新報告中找到。馬倫預計,隨後的事件和事態發展可能會導致其計劃、意圖和期望發生變化。除非法律明確要求,否則馬倫不承擔任何更新任何前瞻性陳述的義務,也明確表示不承擔任何意圖或義務,無論這些陳述是由於新信息、未來事件還是其他原因造成的。前瞻性陳述僅代表其發表之日,不應將其視爲代表馬倫在後續任何日期的計劃和預期。
聯繫我們:
馬倫汽車有限公司
+1 (714) 613-1900
企業傳播:
投資者品牌網絡 (IBN)
加利福尼亞州洛杉磯
310.299.1717 辦公室
Editor@InvestorBrandNetwork.com
附件
- 馬倫的第一輛1級電動汽車貨車交付給了MGT租賃公司
譯文內容由第三人軟體翻譯。
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