News Archives - Page 30 of 49

MondayAug 01, 2022 11:05 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Opens New Automotive EV Development Center in California

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has opened a new 16,000-square-foot automotive development center; the center is located in the center of the technology corridor of Irvine, California, and near the Irvine Spectrum Center. According to the announcement, as the company sees continued growth, it is strategically dividing its automotive teams between the new Irvine location and the existing MULN facility in Monrovia. The Irvine Automotive Development Center will house Mullen’s engineering design and development, styling, program management, marketing and finance teams, with Monrovia being home base for the company’s battery, powertrain, thermal and infotainment teams.…

FridayJul 29, 2022 10:32 am

GreenCarNewsBreaks – Greenland Technologies Holding Corporation’s (NASDAQ: GTEC) GEL-5000 Featured in Syndicated Broadcast

Greenland Technologies (NASDAQ: GTEC), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that it was featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio news release shines the spotlight on the company’s recent announcement of availability of its latest electric industrial vehicle, the GEL-5000, under its new clean industrial heavy equipment brand, HEVI. “We are really proud of our GEL-5000, which builds upon our impressive track record…

ThursdayJul 21, 2022 2:39 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Issues Reminder for Upcoming Annual Shareholder Meeting

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today issued a reminder for its current shareholders regarding the upcoming annual shareholder meeting. Beginning at 9:30 a.m. ET on July 26, 2022, Mullen will conduct a required formal shareholder meeting, which will be followed by a company presentation by David Michery, CEO and chairman of Mullen Automotive. The in-person meeting will be held at the NASDAQ Building, 151 West 42nd Street, 10th Floor (West Cafe – Market Site Event Space), New York, NY 10036. Please note that NASDAQ requires registration (see instructions in press release) for all those planning…

WednesdayJul 20, 2022 2:04 pm

GreenCarNewsBreaks – EV Charging Conference to Gather EV, Green-Energy Experts to Discuss Growing Space

EV Charging Conference, a two-day premier event, is an industry flagship gathering designed to support the discussion of sectoral insights and potential profit-generation strategies as well as facilitate interaction with global experts and provide invaluable networking opportunities with industry peers. Scheduled for Aug. 10–11, 2022, the two-day conference is sponsored by Global Strategic Management Institute (“GSMI”), a cutting-edge conference production company focused on promoting disruptive innovation; the event will be held entirely online. The conference agenda includes panel discussions with industry professionals as well as keynote and solo presentations by leaders in the space. Topics covered will include the future of…

MondayJul 11, 2022 12:01 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Enters Agreement Putting Cargo Van Program ‘Front and Center for Last Mile Delivery Opportunities’

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its entry into a binding agreement with DelPack Logistics LLC (“DPL”), an Amazon Delivery Service Partner, for DPL to purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months. The vans will be fully homologated for the United States and equipped with all airbags as required by U.S. standards and a cabin comfort package, including adjustable seats, cup holders, an infotainment system, and comfortable passenger seat. In addition, the EV cargo vans will carry a minimum of an 80 kilowatt per hour battery…

TuesdayJul 05, 2022 12:16 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Eliminates $17.5M in Debt, in Best Financial Health in Company History

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has eliminated $17.5 million in company debt, resulting in a reduction of debt from more than $30 million last year to an estimated $11 million currently. The eliminated debt was related to a secured convertible promissory note with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC. The announcement noted that the company is committed to strengthening its overall financial balance sheet and currently is in the best financial health in its history. “We continue to make great progress on our overall company financial health,” said Mullen Automotive CEO…

ThursdayJun 30, 2022 1:32 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expects to Report >$61M in Cash, Cash Equivalents After Significantly Strengthening Balance Sheet

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to report in excess of $61 million in cash and cash equivalents on June 30, 2022, after having significantly strengthened its balance sheet over the quarter-ending June 30, 2022. In the update, Mullen restated previously released highlights, including recent delivery of its first EV van under a pilot program to a telecommunications provider in the southeastern part of the U.S., payoff of a secured convertible promissory note executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, as well as the company’s addition to…

ThursdayJun 23, 2022 3:18 pm

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

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today provided an update to its shareholders, including recent highlights and accomplishments for the company, the Mullen FIVE and the Mullen EV Van programs. Among the various highlights, the company reported that its solid-state polymer battery cell was successfully tested for the second time at Battery Innovation Center (“BIC”) in Indiana. The follow-up testing through an accredited facility shows promise for solid-state polymer cell technology when scaled to the vehicle pack level and used in EVs. “2022 has been an exceptional year for us so far; I am very proud…

WednesdayJun 22, 2022 3:10 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Files 130+ US, International Patent Applications for Mullen FIVE EV Crossover

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed over 130 patents in 24 countries in support of the Mullen FIVE EV Crossover program. Per the update, the 130-plus patent applications relate to Mullen FIVE EV’s design and styling of its exterior and interior. They include areas such as vehicle bodywork, headlights and taillights, doors, mirrors, rims, headliners, seats and steering. “We fully intend to make the Mullen FIVE available around the world, and these patents, including filings in 24 international countries, show our intended commitment to do so,” said David Michery, CEO…

TuesdayJun 21, 2022 2:34 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Extension of Senior Secured Convertible Note

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has extended the maturity of a senior secured convertible note of $28 million, originally due in July 2022, by two years. According to the update, the company originally entered into a secured convertible promissory note on July 23, 2020, with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC. An existing Mullen shareholder, Esousa Holdings LLC, has acquired the note from Drawbridge and entered into an agreement with Mullen to extend the note’s maturity date. Originally scheduled to mature on July 28, 2022, the…

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