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 是一家成长中的车队租赁公司,2022 年交付的商用车超过 1,500 辆
马伦的第一辆1级电动汽车货车交付给了MGT租赁公司
1级电动汽车货车交付给了总部位于北卡罗来纳州海波因特的MGT Lease Company,车辆订单由马伦商用电动汽车的分销商兰迪·马里恩汽车完成。最初的订单是四辆车,预计将来会交付。
即将宣布随后将向客户交付更多一类货车
加利福尼亚州布雷亚,2023 年 3 月 31 日(GLOBE NEWSWIRE)— 通过 InvestorWire — 马伦汽车有限公司。(纳斯达克: 木伦)(“马伦” 或 “公司”),一家新兴的电动汽车(“EV”)制造商,今天宣布,1级电动汽车货车已交付给位于北卡罗来纳州海波因特的MGT公司(“MGT”),车辆订单由兰迪·马里恩汽车集团完成。
马伦自豪地宣布,MGT是其首批商用电动汽车车队客户之一。MGT是一家成长中的商用车销售和租赁公司,2022年的年收入超过7,000万美元,预计2023年为1亿美元。MGT的主要客户群集中在最后一英里细分市场,例如包裹配送和零售,以及水暖和电工等职业。MGT目前提供所有主要OEM品牌的商用车销售和租赁,重点是1-4级商用车。
“Mullen 的 1 级课程是我们和与公司合作的完美切入点。1级细分市场不再有主要原始设备制造商品牌的内燃机选项,当然也没有任何1级电动汽车选项。我们看到的最大机遇之一是3级驾驶室底盘细分市场,该细分市场有可能升级并为商业客户提供无限的选择。” MGT管理合伙人托马斯·加夫利克说。
马伦首席商务官约翰·施韦格曼表示:“MGT是一家快速发展的车队租赁公司,它完全了解商业市场,并将帮助加快马伦的Fleet-First商用车方针。”
Mullen Automotive首席执行官兼董事长戴维·米歇里表示:“我们继续看到人们对商用电动汽车产品的兴趣与日俱增,MGT成为我们的首批商业客户之一真是太好了。”“我们期待在整个商用电动汽车平台上发展与MGT的关系。”
关于马伦
Mullen Automotive(纳斯达克股票代码:MULN)是一家总部位于南加州的汽车公司,生产下一代电动汽车(“电动汽车”),将在其位于美国的两家装配厂生产。马伦的电动汽车开发组合包括Mullen FIVE EV Crossover、Mullen I-GO商用城市交付电动汽车、Mullen商用1-3级电动汽车和Bollinger Motors,后者包括B1和B2电动SUV卡车以及4-6级商业产品。2022年9月7日,布林格汽车成为马伦汽车的多数股权电动卡车公司,2022年12月1日,马伦完成了对Electric Last Mile Solutions(“ELMS”)的所有资产的收购,包括所有知识产权和位于印第安纳州米沙瓦卡的一座占地65万平方英尺的工厂。
要了解有关公司的更多信息,请访问 。
前瞻性陈述
本新闻稿中某些非历史事实的陈述是经修订的1934年《证券交易法》第27A条所指的前瞻性陈述。本新闻稿中包含的任何非历史事实陈述的陈述均可被视为前瞻性陈述。诸如 “继续”、“将”、“可能”、“应该”、“期望”、“预期”、“计划”、“打算”、“预期”、“相信”、“估计”、“预测”、“潜力” 等词语和类似表达方式旨在识别此类前瞻性陈述。所有前瞻性陈述都涉及重大风险和不确定性,可能导致实际结果与前瞻性陈述中表达或暗示的结果存在重大差异,其中许多前瞻性陈述通常不在马伦的控制范围内,难以预测。此类风险和不确定性的例子包括但不限于:(i) 计划于2023年推出的商业产品是否将在预定时间表内实现;(ii) MGT Lease Company是否会对交付的车辆感到满意,未来计划向他们交付的任何车辆是否会实现,公司与MGT的关系是否会繁荣或加速 Mullen的Fleet-First商用车方针,或者计划中的即将增加客户数量 1 级货车的交付将实现;(iii) 马伦有能力(或无法)在需要时以足够金额或可接受的条件获得额外融资;(iv)马伦维持与制造商、零件和其他服务提供商签订的与其业务有关的现有合同并获得额外合同的能力;(v)马伦成功地在现有市场扩张和进入新市场的能力;(vi)马伦成功管理和整合任何业务、解决方案或技术收购的能力;(vii)意想不到的运营成本、交易成本以及实际或或有的成本负债;(viii)吸引和留住合格员工和关键人员的能力;(ix)竞争加剧对马伦业务的不利影响;(x)可能对马伦业务产生不利影响的政府许可和监管变化;(xi)消费者行为的变化可能对马伦的业务产生不利影响的风险;(xii)马伦保护其知识产权的能力;以及(xiii)地方、行业和一般商业和经济状况。可能导致实际业绩与前瞻性陈述中表达或暗示的业绩存在重大差异的其他因素可以在最新的10-K表年度报告、10-Q表的季度报告以及马伦向美国证券交易委员会提交的8-K表最新报告中找到。马伦预计,随后的事件和事态发展可能会导致其计划、意图和期望发生变化。除非法律明确要求,否则马伦不承担任何更新任何前瞻性陈述的义务,也明确表示不承担任何意图或义务,无论这些陈述是由于新信息、未来事件还是其他原因造成的。前瞻性陈述仅代表其发表之日,不应将其视为代表马伦在后续任何日期的计划和预期。
联系我们:
马伦汽车有限公司
+1 (714) 613-1900
企业传播:
投资者品牌网络 (IBN)
加利福尼亚州洛杉矶
310.299.1717 办公室
Editor@InvestorBrandNetwork.com
附件
- 马伦的第一辆1级电动汽车货车交付给了MGT租赁公司
译文内容由第三方软件翻译。
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