Mullen Invoices and Delivers 130 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group for $4,372,550.00
23 January 2024 - 1:15AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces 130 additional Class 1 EV cargo vans have been delivered
and invoiced for $4,372,550.00 to Randy Marion Automotive Group
(“RMA” or “Randy Marion”).
To date, the Company has delivered 230 Mullen ONE, Class 1 cargo
vans with a total invoiced amount of $7,736,150.00 as part of the
initial 1,000 vehicle purchase order from RMA.
Randy Marion Automotive Group, based in Charlotte, North
Carolina, is one of the top commercial dealer groups in the U.S.
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 truck.
“2024 has started strong and will be a solid year overall for
our commercial EV efforts. The Mullen ONE is a great EV alternative
for many of our customers and we continue to see strong demand and
interest across the board,” said Brad Sigmon, fleet vice president
at Randy Marion Automotive.
“The Mullen ONE is a versatile EV cargo van. We are continuing
to scale production and deliveries to RMA,” said David Michery, CEO
and chairman of Mullen Automotive.
Mullen ONE, Class 1 Urban Delivery EV Cargo
Van The Mullen ONE is 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 perform as expected and
meet 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
- Mullen ONE, Commercial Class 1 EV cargo van
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