Sunday, June 23, 2024

Mullen Delivers 63 Extra Class 3 Automobiles to Randy Marion Automotive Group Valued at $3,969,000; To-Date, 121 Class 3s Delivered Valued at $7,623,000

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  • Thus far, Mullen has delivered 121 Class 3vehicles for a complete of $7,623,000 invoiced.
  • Firm targeted and on monitor to ship 150 autos by EOY 2023.
  • Automobiles delivered are a part of Randy Marion’s 1,000 Class 3 buy order.

BREA, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) —  through IBN — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Firm”), an rising electrical automobile (“EV”) producer, immediately proclaims 63 extra Class 3 autos have been delivered to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the Firm invoicing RMA for $3,969,000.. To-date, The Firm has delivered 121 Mullen THREEs to RMA for a complete of $7,623,000. The Firm is on monitor to ship 150 Mullen THREEs by EOY 2023.

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In whole, Randy Marion has dedicated to 1,000 Class 3 autos for a complete of $63 million with nearly all of the autos to be delivered in calendar yr 2024. As beforehand reported, Class 3 manufacturing on the Tunica, Mississippi, facility is deliberate for 150 autos for 2023, with whole capability for Class 3 deliberate at 3,000 autos yearly per shift.

Mullen THREE manufacturing relies out of Tunica, which is house to Mullen’s business automobile meeting for each the Mullen ONE, Class 1 EV cargo van, and the Class 3 EV cab chassis vans. Mullen started first deliveries of the Mullen THREE to Randy Marion on Sept. 28, 2023. Randy Marion acquired its North Carolina license to retail Mullen’s business EVs on Nov. 16, 2023, opening the power of the dealership to conduct gross sales to clients.

“We’re laser-focused on hitting our dedication to ship 150 Mullen THREEs by finish of this yr,” mentioned David Michery, CEO and chairman of Mullen Automotive.

The All-Electrical Mullen THREE is a Class 3 low cab ahead EV truck that includes a sturdy payload and 125-mile vary. The Mullen THREE was purpose-built to fulfill the calls for of city last-mile supply. The Mullen THREE chassis might be simply upfit to fulfill quite a lot of vocational wants from final mile supply, building, landscaping, catering and extra. The chassis has a clear top-of-rail design for simple upfitting with our bodies as much as 14 toes lengthy and over 5,300 kilos of payload.

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Mullen THREE Car Highlights:

  • 125-mile estimated vary
  • 11,000 lbs. GVWR
  • 5,316 lbs. max payload
  • 14 ft. max field size
  • 38 ft. turning diameter

View full automobile specs for the Mullen THREE right here.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive firm constructing the following technology of electrical autos (“EVs”) that might be manufactured in its two United States-based meeting vegetation. Mullen’s EV growth portfolio consists of the Mullen FIVE EV Crossover, Mullen-GO Industrial City Supply EV, Mullen Industrial Class 1-3 EVs and Bollinger Motors, which options each the B1 and B2 electrical SUV vans and Class 4-6 business choices. On Sept. 7, 2022, Bollinger Motors grew to become a majority-owned EV truck firm of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electrical Final Mile Options’ (“ELMS”) belongings, together with all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

To be taught extra in regards to the Firm, go to www.MullenUSA.com.

Ahead-Trying Statements
Sure statements on this press launch that aren’t historic info are forward-looking statements throughout the which means of Part 27A of the Securities Alternate Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic truth could also be deemed forward-looking statements. Phrases corresponding to “proceed,” “will,” “could,” “might,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “consider,” “estimate,” “predict,” “potential” and comparable expressions are supposed to determine such forward-looking statements. All forward-looking statements contain vital dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, a lot of that are usually exterior the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embody however are usually not restricted to the timing of future Mullen automobile deliveries, and the anticipated demand for all courses of Mullen autos. Further components that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements might be present in the newest annual report on Kind 10-Okay, quarterly stories on Kind 10-Q and present stories on Kind 8-Okay filed by Mullen with the Securities and Alternate Fee. Mullen anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as expressly required by regulation. Ahead-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Company Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Workplace
Editor@InvestorBrandNetwork.com

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