Mullen Achieves Manufacturing Milestone With 500th Commercial Vehicle Produced
Mullen Achieves Manufacturing Milestone With 500th Commercial Vehicle Produced
In April 2024, Mullen has 18 active commercial vehicle pilots underway with fleets, municipalities, universities and campuses
BREA, Calif., April 18, 2024– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces a manufacturing milestone achieved with the 500 commercial vehicle recently produced out of its Tunica, Mississippi, commercial vehicle manufacturing and assembly facility.
Additional recent highlights include:
- The Company currently has 18 active commercial vehicle pilots with fleets, municipalities, universities, and campuses underway.
- Expansion of its U.S. retail network with dealers located on the West Coast, Midwest, and Mid-Atlantic regions expected to commence in June 2024.
- Expansion of commercial vehicle distribution in Europe with plans to sell 800 units expected to begin in 2024.
"We have increased requests for our vehicles internationally, and as result, we plan to launch an expansion into Europe next month," said David Michery, CEO and chairman of Mullen Automotive. "In addition to international growth, we plan to expand U.S. distribution, adding new dealer points to support commercial EV market penetration."
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ("CARB") and EPA certified and available for sale in the U.S.
To learn more about the Company, visit www.MullenUSA.com.
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 (a) whether any of the active commercial vehicle pilots will result in sales; (b) the dates for the planned U.S. and European retail dealer network expansion; (c) whether the Company will meet its estimated sales of 800 vehicle units; (d) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (e) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (f) Mullen's ability to successfully expand in existing markets and enter new markets; (g) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (h) unanticipated operating costs, transaction costs and actual or contingent liabilities; (i) the ability to attract and retain qualified employees and key personnel; (j) adverse effects of increased competition on Mullen's business; (k) changes in government licensing and regulation that may adversely affect Mullen's business; (l) the risk that changes in consumer behavior could adversely affect Mullen's business; (m) Mullen's ability to protect its intellectual property; and (n) 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
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
212.418.1217 Office
2024 年 4 月,Mullen有 18 名活躍的商用車試點正在進行中,涉及車隊、市政當局、大學和校園
加利福尼亞州佈雷亞,2024 年 4 月 18 日 — 通過 InvestorWire — 馬倫汽車有限公司。(納斯達克: 木倫)(“Mullen” 或 “公司”)是一家新興的電動汽車(“EV”)製造商,今天宣佈其位於密西西比州圖尼卡的商用車製造和裝配工廠最近生產的500輛商用車實現了生產里程碑。
最近的其他亮點包括:
該公司目前有18名活躍的商用車駕駛員,車隊、市政當局、大學和校園正在建設中。
預計將於2024年6月開始擴大其在美國的零售網絡,其經銷商分佈在西海岸、中西部和中大西洋地區。
擴大商用車在歐洲的分銷,計劃於2024年開始銷售800輛。
馬倫汽車首席執行官兼董事長戴維·米切裏表示:“我們在國際上對汽車的需求有所增加,因此,我們計劃在下個月向歐洲擴張。”“除了國際增長外,我們還計劃擴大美國的分銷範圍,增加新的經銷商點以支持商用電動汽車市場的滲透。”
關於馬倫
馬倫汽車(納斯達克股票代碼:MULN)是一家總部位於南加州的汽車公司,生產下一代商用電動汽車(“電動汽車”),其兩座汽車工廠位於密西西比州的圖尼卡(120,000平方英尺)和印第安納州的米沙瓦卡(65萬平方英尺)。2023 年 8 月,馬倫開始在圖尼卡生產商用車。2023 年 9 月,Mullen 獲美國國稅局批准,爲其商用車提供聯邦電動汽車稅收抵免,該認證爲符合條件的客戶提供每輛車高達 7,500 美元的稅收抵免。截至2024年1月,1級電動貨車Mullen ONE和3級電動駕駛室底盤卡車Mullen THREE均已通過加州空氣資源委員會(“CARB”)和美國環保局認證,可在美國銷售。
要了解有關公司的更多信息,請訪問 www.mullenusa.com。
前瞻性陳述
根據經修訂的1934年《證券交易法》第27A條的定義,本新聞稿中某些非歷史事實的陳述是前瞻性陳述。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”、“預測”、“預測”、“相信”、“估計”、“預測”、“潛力” 等詞語以及類似的表述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:(a) 是否有任何現役商用車試點將帶來銷售;(b) 計劃在美國和歐洲零售經銷商網絡擴張的日期;(c) 公司是否將達到其800輛汽車的預計銷量;(d) 馬倫在需要時獲得足夠金額或可接受條件的額外融資的能力;(e) 馬倫維持現有汽車的能力,並與製造商、零件和其他服務提供商簽訂其他相關合同開展業務;(f) 馬倫成功擴張現有市場和進入新市場的能力;(g) 馬倫成功管理和整合任何企業、解決方案或技術收購的能力;(h) 意想不到的運營成本、交易成本和實際或或有負債;(i) 吸引和留住合格員工和關鍵人員的能力;(j) 競爭加劇對馬倫業務的不利影響;(k) 政府許可的變化以及可能對馬倫業務產生不利影響的監管;(l) 風險消費者行爲的變化可能會對馬倫的業務;(m)馬倫保護其知識產權的能力;以及(n)當地、行業和一般商業和經濟狀況產生不利影響。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意圖或義務,無論是由於新信息、未來事件還是其他原因。前瞻性陳述僅代表其發表之日,不應將其視爲代表馬倫在以後任何日期的計劃和預期。
聯繫人:
馬倫汽車有限公司
+1 (714) 613-1900
電訊服務聯繫人:
InvestorWire (IW
加利福尼亞州洛杉磯
212.418.1217 辦公室
譯文內容由第三人軟體翻譯。
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