News Archives - Page 25 of 49

ThursdayMar 16, 2023 1:38 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Positioning to Deliver Class 1 and 3 Vehicles, Enter Next Phase of Crossover Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today released a statement from its CEO to address recent investor inquires. Among the highlights, Mullen anticipates making Class 1 EV deliveries to various commercial customers before the end of March 2023 and believes the company’s cash on hand and expected firm cash commitments will provide enough capital to execute on its business plan over the next 12 months. “I believe we have all the pieces in place between our product, factories and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this…

ThursdayMar 09, 2023 11:36 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives NASDAQ Approval for 180-Day Extension to Meet Minimum $1 Bid Price

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced that it received approval from NASDAQ of its 180-day extension request to meet the exchange’s $1 minimum bid price requirement. According to the announcement, Mullen received notice in September 2022 that its listed common stock no longer met NASDAQ’s minimum $1 bid price per share requirement. The company was given 180 calendar days, or until March 6, 2023, to regain compliance. The announcement also noted that if Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the company…

TuesdayMar 07, 2023 12:49 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Unveil Commercial Product Lineup at NTEA’s Work Truck Week

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that, starting today, it will showcase both its Class 1 EV cargo van and Class 3 low-cab forward at NTEA’s Work Truck Week 2023 in Indianapolis, Indiana. The event is taking place March 7-10 at the Indiana Convention Center and includes 511 exhibitors displaying the industry’s latest products and technology. “We are excited to be at NTEA’s Work Truck Week and display the Mullen Commercial product lineup to both customers and commercial vehicle upfitters that are ready to electrify their fleets,” said John Schwegman, Mullen’s chief commercial officer.…

MondayMar 06, 2023 12:50 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Selected by Rapid Response Defense Systems as Exclusive Provider for Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is partnering with Rapid Response Defense Systems (“RRDS”) to produce Class 1 EV cargo vans for federal government orders, including potential large-scale vehicle fleet orders. According to the announcement, RRDS is one of the country’s leading small business federal contractors and has been awarded and delivered on more than 2,500 federal government delivery orders since 2014. The company has stated that Mullen’s commercial Class 1 EV cargo van, which launches this year and is the only Class 1 EV van in the space, is a strategic fit for its federal…

WednesdayFeb 15, 2023 11:16 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Q1 2023 Fiscal, Business Report

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its fiscal first quarter for the period ending Dec. 31, 2022. Highlights of the report include the following: acquiring the assets of Electric Last Mile Solutions (“ELMS”) in a $105 million acquisition move; $100 million in cash being available for operations and investment at the end of Q1 2023; 31, 2022; securing the rights for exclusive sales, distribution and branding for the new compact electric vehicle, the Mullen-GO (formerly I-GO), and initial delivery of the vehicle to the distribution agent; receiving a $200 million purchase order from…

ThursdayFeb 02, 2023 1:59 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Partners with Loop Global, Menzies Aviation on LAX Pilot Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is collaborating with Menzies Aviation and Loop Global Inc. on a pilot program at the Los Angeles International Airport; the program involves Mullen’s Class 1 EV cargo vans. The world’s largest aviation services company, Menzies operates in 250-plus airports in 58 countries, providing ground, air cargo and fuel services to commercial airports and airlines. Menzies is piloting Mullen Automotive electric vans and Loop Global charging infrastructure across its operations at LAX; the program is part of Menzies commitment to identify innovative solutions as it works to become carbon neutral by…

ThursdayJan 26, 2023 11:26 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Special Shareholder Meeting, Announces Key New Hires

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is releasing results from its reconvened Special Meeting of Stockholders. The meeting, which was held on Jan. 25, 2023, included several proxy proposals on the agenda; MULN is reporting that all proposals were approved. According to the announcement, the company has no current plans to effect a reverse split. In addition, the company has until March 6, 2023, to meet the $1 minimum bid requirement established by NASDAQ. Based on the report, if that share price isn’t met, MULN will seek an extension from NASDAQ to meet the required threshold, which would…

ThursdayDec 22, 2022 11:37 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces I-GO European Arrival

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that its I-GO(TM) Commercial Urban Delivery EV has arrived in Europe; specifically, sample vehicles are on their way to Ireland-based Newgate Motor Group, with an expected delivery for early next month. Initially, delivery was scheduled for December, but COVID-related shutdown issues caused the delay. According to the announcement, Mullen’s I-GO is an urban commercial delivery vehicle designed to meet the growing demand for quick deliveries in dense cities throughout Europe that have space constraints; the I-GO is EU standard homologated, certified, and ready for sale in initial markets…

TuesdayDec 20, 2022 11:40 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Wraps Up 2022 Mullen FIVE Strikingly Different Tour

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, finished its innovative 2022 Mullen FIVE Strikingly Different Test Drive Tour with a last stop on Dec. 16, 2022, in Charlotte, North Carolina. The tour began Oct. 27, 2022, and featured stops in nine cities in the west, south, and southeastern parts of the country. According to the announcement, the tour was very successful; the company is already planning a follow-up spring tour with stops planned throughout the eastern, northwest and Midwest parts of the country. The fall tour featured the Mullen Five; the spring tour will feature the Mullen…

ThursdayDec 15, 2022 12:38 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces New PO for 6,000 Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, received a purchase order for 6,000 Class 1 EV cargo vans; the order comes from Randy Marion Isuzu LLC, a member of the Randy Marion Automotive Group (“RMA”). According to the announcement, the order is valued at an estimated $200 million, and MULN anticipates starting delivery of the vehicles by Q1 2023. One of the largest and most respected commercial vehicle dealer groups in the United States, RMA was announced as Mullen’s first commercial dealer partner to offer sales, service and parts for Mullen Automotive’s commercial vehicle lineup. An RMA…

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