News Archives - Page 18 of 49

MondayNov 13, 2023 12:31 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Expansion of US Battery Operations

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a new high-energy facility in Fullerton, California, which expands the company’s overall U.S. footprint, including EV battery development and production capabilities. According to the announcement, the new Southern California facility is dedicated to producing next-generation American-made EV battery packs, a critical component to the company’s commitment to zero emissions. Mullen’s high-energy pilot facility in Monrovia, California, will be consolidated with the recently purchased Romeo Power assets at the company’s new high-energy and high-volume battery pack production facility in Fullerton, California. “We are one step closer to fulfilling our…

MondayNov 06, 2023 1:42 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Achieves Key Milestone with Receipt of EPA Certification for Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced full approval from the Environmental Protection Agency (“EPA”) that provides Mullen with the EPA’s Certificate of Conformity for Class 1 EV cargo vans on Nov. 2, 2023. Both Mullen’s commercial Class 1 and Class 3 EV vehicles have now received EPA certification (its Class 3 EV cab chassis truck received the certification on Sept. 22, 2023), which is a key milestone for selling vehicles in the U.S. Class 3 vehicle production began in August 2023 with the first vehicles rolling off the assembly line on Aug. 21, 2023,…

ThursdayNov 02, 2023 1:41 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Provides Shareholder Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared an open letter to shareholders from CEO David Michery, providing updates on various matters and company initiatives. In the letter, Michery highlights several recent company accomplishments, including its commencement of Class 1 EV cargo vans on Nov. 1, 2023. “Over the past few months, the company has reached critical milestones towards accomplishing our ultimate goal to be a leader in the EV industry,” Michery stated in the letter. “We remain steadfastly dedicated to our employees, stakeholders and customers during this journey and thank you for your continued support…

ThursdayNov 02, 2023 12:39 pm

GreenCarNewsBreaks — Lightning Motorcycle Announces Investor Discount Perk Program

Lightning Motorcycle, manufacturer of the world’s most advanced electric motorcycles, is committed to environmental consciousness as it works to build its transformative motorcycles that offer superior efficiency, performance and affordability. According to a recent release, the company believes that electric mobility is the key to a sustainable future and is committed to making this vision a reality through its ecofriendly offerings. The company recently announced a limited-time “special perk” investment program that gives investors a 20% perk of an invested amount with no minimum. Individuals can choose from a discount on an EV bike or Lightning Motorcycle swag, such as…

ThursdayOct 26, 2023 1:27 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Request to Continue Listing Is Granted by NASDAQ Hearings Panel

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, was notified by the NASDAQ Hearings Panel that its request to continue listing on the NASDAQ capital market has been granted with two conditions. Those conditions call for the company to maintain a closing bid price of $1 per share for 20 consecutive trading sessions on or before Jan. 22, 2024, and hold an annual shareholder meeting on or before March 8, 2024. According to the announcement, the company held a meeting on Aug. 3, 2023, where proposals were approved by shareholders, but shareholders did not have an opportunity to…

MondayOct 23, 2023 11:14 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update on Progress of Action Filed Against Key Broker Dealers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on the status of the lawsuit it filed against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that those broker dealers engaged in a scheme to manipulate the share price of the company’s securities. Mullen filed the lawsuit in August 2023 in the United States District Court in the Southern District of New York. The company is seeking compensatory damages and injunctive relief from the defendants “unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934.” Earlier…

ThursdayOct 19, 2023 12:21 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Filing of Preliminary Proxy Statement

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) regarding a special stockholders’ meeting to be held on Dec. 15, 2023, to authorize Mullen’s board of directors to effect a reverse stock split of the company’s common stock at an exchange ratio between 1-for-2 to 1-for-100. Mullen expects that the board’s primary focus in determining whether or not to effectuate the reverse stock split will be the ability to obtain and maintain a continued price of at least $1.00 per share…

ThursdayOct 19, 2023 11:50 am

GreenCarNewsBreaks — Lightning Motorcycle, Announces Extension of Company’s Netcapital Investment Campaign

Lightning Motorcycle, manufacturer of the world’s most advanced electric motorcycles, is extending its fundraising campaign through Netcapital. The company manufactures fast-charging electric motorcycles designed to offer superior efficiency, performance and affordability compared to gasoline alternatives. Lightning Motorcycle is committed to reshaping the concept of what a two-wheeler can be as the world moves toward electrification. The company believes that two-wheelers are an “indispensable component of the global transportation network,” particularly in locations such as China, South Asia and Southeast Asia. According to the announcement, an estimated 45 million two-wheeled machines were sold in 2021, and those numbers are only expected…

TuesdayOct 17, 2023 9:55 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) ‘Strikingly Different’ Road Tour Lands at Sonoma Motor Speedway

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is seeing a striking response to its Strikingly Different road tour, which is designed to offer potential customers and other interested individuals an opportunity to directly interact with its vehicles. The tour’s next stop is scheduled on Oct. 23–24, 2023, at the Sonoma Motor Speedway. Those registering to attend the event will be contacted to reserve specific time slots, which allows them toe test drive specific Mullen vehicles. Mullen FIVE/GT/GTRS reservation holders have priority for booking time slots. “Join us on an exhilarating journey across the United States as we bring…

MondayOct 16, 2023 2:17 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Status of Commercial Vehicle Production

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a commercial vehicle production update for its Class 3 EV cab chassis trucks and Class 1 EV cargo vans. According to the report, the company is on track to produce 150 Class 3 EV trucks through December 2023 and to begin production and delivery of its Class 1 EV cargo van in Q4 2023. Specifically, the report noted that the company’s Class 3 production plans for the remainder of 2023 include an estimated 150 vehicles to be produced and delivered to Randy Marion Automotive Group (“RMA”), noting that…

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