GreenCarNewsBreaks Archive - Page 8 of 55

MondayAug 12, 2024 12:58 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Follow-On Order from UVA

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for one Mullen One, a Class 1 EV cargo van, from the University of Virginia for the school’s fleet of commercial vehicles. According to the announcement, the order, which follows an earlier purchase the university made last year, will be fulfilled by Mullen’s commercial retail dealer partner, Randy Marion Automotive Group (“RMA”). The company also noted that it recently received a $7.7 million, 180-vehicle order from its dealer partner Eco Auto. The two orders represent a growing demand for Mullen's electric commercial vehicles, the announcement pointed out. The…

ThursdayAug 08, 2024 3:42 pm

GreenCarNewsBreaks — Mullen Automotive Inc.’s (NASDAQ: MULN) Boston Area Dealer Plans Expansion to Meet Demand, Makes New Order

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its Boston area dealer, Eco Auto, a dedicated EV dealer, intends to expand to cover national fleet opportunities in Pennsylvania, Connecticut, Rhode Island, New Hampshire, Maine and Vermont. The expansion aims to meet the growing demand for commercial EVs and support Mullen’s full line of commercial EVs in these regions. Eco Auto’s expansion includes the purchase of 180 EVs (130 Mullen Class 1 EV cargo vans and 50 Class 3 EV trucks) over the next 18 months. The order is valued at an estimated $7.7 million, with…

WednesdayAug 07, 2024 1:03 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Promotes ‘Invaluable Asset’ to Position of President of Commercial EV Division

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced John Taylor as president of its commercial EV division. In his new role, Taylor will oversee the company’s commercial vehicle operations, including engineering, supply chain management and manufacturing. Taylor, who brings a great breath of experience with a career spanning more than 35 years, also retains his role as senior vice president of global manufacturing for Mullen Automotive. He joined Mullen in 2021 and has played a pivotal role in the development and successful launch of the Mullen ONE Class 1 EV cargo van and Mullen THREE Class…

TuesdayAug 06, 2024 10:14 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Shares Update from CEO

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today provided an update from CEO and chairman David Michery. According to the update, the company believes it has a strong foundation for future growth in EV sales based on the value of its total assets and cash position. Mullen highlighted the $250 million in new financing commitments it has secured to accelerate its growth plan, the expansion of its sales and distribution reach, the receipt of new orders, the delivery of vehicles, and negotiations to expand its customer base and market share. In addition, Mullen noted that it is…

FridayAug 02, 2024 11:31 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces New Lease Program to Make Its Commercial EVs Available to More Customers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced bizEV, a new turnkey lease program for the Mullen ONE, Class 1 EV cargo van. bizEV is created with a focus on individuals, small businesses and fleets and is available through Mullen authorized dealers. The lease program offers customers an opportunity to transition to EV with a 3-year lease option, starting at $475 per month plus applicable taxes and fees and includes scheduled vehicle maintenance. “Small businesses are the backbone of America and we are looking to remove the barriers typical business owners face when considering EVs, while…

WednesdayJul 31, 2024 1:49 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Participate as an Anchor Organization at the 2024 Southeastern United States – Canadian Provinces Business Forum

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is participating as an Anchor Organization and panelist at the 2024 Southeastern United States - Canadian Provinces (“SEUS-CP”) Business Forum. The 2024 SEUS-CP is set to take place August 4-6 in Biloxi, Mississippi; Mississippi is home to Mullen’s commercial EV manufacturing. Mullen is a confirmed Anchor Organization at the event alongside other companies. According to the announcement, this year’s business forum focuses on Advanced Manufacturing (Aerospace and Electric Vehicle Technologies and Components) and the Blue Economy (Shipbuilding, UAVs, Smart Ports Energy, Innovative Materials, Innovative Technologies & Data Analytics, Fisheries &…

MondayJul 29, 2024 1:52 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Receives Order for Mullen Campus EVs from Leading Transportation and Logistics Company

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for four Mullen Campus electric vehicles from DB Schenker, one of the world’s leading transportation and logistics companies. According to the announcement, the vehicles will be used for mail and delivery on Intel’s technology campus in Chandler, Arizona. The order was received through one of Mullen’s commercial vehicle dealers, Randy Marion Automotive. The dealer has received payment for the vehicles, and the vehicles have been delivered to DB Schenker. According to the company, the Mullen Campus is a highly efficient electric van designed for low-speed, closed-campus use.…

MondayJul 29, 2024 11:33 am

GreenCarNewsBreaks — Lucid Group Inc. (NASDAQ: LCID), Graphite One (GPHOF) Agreement Receives Support, Recognition from Government Officials

Lucid Group (NASDAQ: LCID), maker of the world's most-advanced electric vehicles, has entered into a nonbinding supply agreement with Graphite One Inc. (TSX.V: GPH) (OTCQX: GPHOF). The agreement was announced by Graphite One, which is planning a complete domestic U.S. supply chain for advanced graphite materials, at a briefing held at the U.S. Capital on July 25, 2024. According to the announcement, the agreement, which is for anode active materials (“AAM”), represents “the first step in a 100% U.S.-based supply chain linking Alaska, Ohio and Arizona.” Following the announcement, several senators and government officials commented on the agreement, noting its significance. Those commenting included…

ThursdayJul 25, 2024 12:28 pm

GreenCarNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Inks Nonbinding Supply Agreement with American Producer of High-Grade Anode Materials

Lucid Group (NASDAQ: LCID), maker of the world's most-advanced electric vehicles, has entered into a nonbinding supply agreement with Graphite One Inc.(TSX.V: GPH) (OTCQX: GPHOF). The agreement is for anode active materials (“AAM”). According to the announcement, the agreement, which is initially for five years, is for 5,000 tpa once Graphite One commences production of synthetic graphite. Sales will be based on an agreed price formula tied to future market pricing that also acknowledges base-case pricing. Graphite One officials noted that the agreement helps the company develop its 100% U.S. domestic supply chain. “We are committed to accelerating the transition…

WednesdayJul 24, 2024 12:26 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Receives PO from European Distributor for 29 Mullen GOs

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for 29 Mullen GOS from one of its newest European distribution partners. The order for the GOs, which are Mullen’s commercial micro-urban-delivery vehicle, came from GAMA, which is a distribution partner covering southeast Europe, including the Balkans Region. The order from GAMA, which is valued at $304,000, is part of a previously announced 53-unit commercial vehicle order; that order is for urban delivery vehicles as well as Mullen One and Mullen Three commercial EV cargo vans and trucks, which have not yet been delivered. The compact design…

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