Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) FIVE 'Strikingly Different' EV Crossover Tour Starts Tomorrow, Oct. 27, in Pasadena, California; New Los Angeles Area Stop Added; @Mullen_USA

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) FIVE 'Strikingly Different' EV Crossover Tour Starts Tomorrow, Oct. 27, in Pasadena, California; New Los Angeles Area Stop Added; @Mullen_USA

 

Mullen Automotive starts the FIVE EV Crossover tour this Thursday, Oct. 27, and Friday, Oct. 28, in Pasadena, California. Due to overwhelming interest, the Company has also added new Los Angeles area dates for Nov. 1 and Nov. 2 at Angel Stadium in Anaheim, California.

 

Mullen will be showcasing PERSONA, its proprietary personal vehicle assistant ('PVA') and its proprietary infotainment technology, providing a firsthand experience during the tour. PERSONA, featuring facial recognition technology, is the heart of the Mullen FIVE infotainment and technology. It completely personalizes the vehicle and driving experience for the consumer.

 

BREA, Calif. - October 26, 2022 (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the beginning of the Mullen FIVE Strikingly Different EV Crossover Tour, which will commence on Oct. 27 in Pasadena, California. Due to overwhelming interest, new dates have been added for Nov. 1 and 2 at Angel Stadium in Anaheim, California.

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10261EV-Crossover-Tour.asp

 

Mullen FIVE Strikingly Different Tour Starts Tomorrow

The public will have the chance to experience the Mullen FIVE in person during the tour, and Mullen will also be showcasing PERSONA, the Company's proprietary personal vehicle assistant ("PVA") and its proprietary infotainment technology, providing an exciting firsthand experience. PERSONA, featuring facial recognition technology, is the heart of the Mullen FIVE infotainment and technology. It completely personalizes the vehicle and driving experience for the consumer.

 

Los Angeles, California
Angel Stadium| Anaheim, California
Address: 2000 E. Gene Autry Way, Anaheim, CA 92806, USA
Dates: Nov. 1-Nov. 2

 

"When we announced the Pasadena location, we received an overwhelmingly positive response and were completely booked out in a matter of hours. So, we decided to add an additional LA area stop to ensure more people have the opportunity to experience the FIVE," said David Michery, CEO and chairman of Mullen Automotive. "It's been a remarkable journey for us to get to this point of officially starting the Mullen FIVE demonstrator U.S. tour. We're beyond grateful for the incredible support we've received so far."

For the remainder of 2022, Mullen will continue the "Strikingly Different" Tour in the following cities, with exact dates, locations and times announced on or before Nov. 1, 2022.

 

Please visit MullenUSA.com to learn more about the upcoming Mullen FIVE "Strikingly Different" Tour.

 

November 2022
Anaheim, California - Nov. 1 & 2 @ Angel Stadium
Las Vegas, Nevada - Nov. 10 & 11 @ Las Vegas Speedway
Dallas, Texas - Nov. 14 & 15 @ Globe Life Field
Houston, Texas - Nov. 18 & 19 @ Minute Maid Park

 

December 2022
Memphis, Tennessee - To be announced
Miami, Florida - Dec. 5 & 6 @ loanDepot park
Atlanta, Georgia - To be announced
Charlotte, North Carolina - To be announced

 

In spring 2023, Mullen will launch the second leg of the "Strikingly Different" Tour with a focus on the East Coast, Midwest and northwest before finishing up in northern California. The second leg of the tour will feature the Mullen FIVE RS, which is a high-performance EV sport crossover featuring 1,100 horsepower, a top speed of 200 mph, and acceleration from 0-60 mph in just 1.9 seconds.

 

Mullen is offering "front row" FIVE reservation holders the first chance to experience the Mullen FIVE in person on the "Strikingly Different" U.S. tour beginning this fall. Mullen asks interested individuals who have not already done so to book their FIVE reservations here in order to secure a spot on the upcoming national tour. Further details and upcoming progress will be shared on Mullen's social media platforms and with individuals who opt to stay connected here.

 

About Mullen:

Mullen Automotive is a Southern California-based automotive company building the next generation of premium electric vehicles ("EVs") that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership.

 

The Mullen FIVE, the Company's first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the contemplated dates, locations and times of the "Strikingly Different" Tour; the proposed second leg of the tour featuring the Mullen FIVE RS; and any other contemplated Mullen vehicle demonstrator tours will materialize and, if so, whether they will prove successful for the Company. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not 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

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

More info on MULN at Investorideas.com Visit: https://www.investorideas.com/CO/MULN/

 

Get News Alerts on EV Stock MULN

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

Auto/Stock_List.com: investing ideas in automotive stocks

Like Automotive Stocks? View our Automotive Stocks Directory

 

 

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces the I-GOTM, New Urban Commercial Electric Delivery Vehicle Available Now for European Markets; @Mullen_USA

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces the I-GO^TM, New Urban Commercial Electric Delivery Vehicle Available Now for European Markets; @Mullen_USA

A commercial EV that is EU standard homologated, certified and ready for sale in the UK, Germany, Spain, France, and Ireland, with the first vehicles set for Germany in December 2022.  Starting Price of $11,999 plus VAT and Local Transportation.  Company is engaged in licensing discussions with potential partners

 

BREA, Calif., October 24, 2022 – (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ:MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today it has secured exclusive sales, distribution and branding rights to the new compact urban delivery electric vehicle, the I-GO, which is fully EU Standard homologated and certified for sale in select European Markets. 

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10241I-GO-Urban-Electric-Vehicle.asp

 

Perfect for urban European markets, the I-GO bridges the gap between the growing demand for quick deliveries and space constraints found throughout the dense cities of Europe.

 

There is high demand for ready to market urban delivery vehicles in Europe. The Company has seized the opportunity to extend its branding and marketing reach to the European market through its partnership with the manufacturers of the I-Go.  The Mullen I-GO, intended for companies focusing on last mile deliveries, is based on a 96-inch wheelbase, 16.5-kWh battery pack, rear-wheel drive, and a curb weight of 1,753 lbs. With a range of 124 miles, according to NEDC estimate, the vehicle can easily handle the stop/go and weave in/out typical of narrow European urban streets. The I-Go was built with the intention to get to the customer's door faster, all while decreasing pollution and congestion levels across Europe.   The I-GO will have a starting price of $11,999 plus VAT and local transportation and will be retailed and serviced through local European distributors. 

 

"Securing the exclusive sales, distribution and branding rights in major European countries for a ready to market electric commercial delivery vehicle is a huge win for the Company.  The Company plans on licensing its rights to established dealerships in these desirable European markets. Essentially, this transaction provides the Company revenue generating opportunities, promotes and extends the Company’s brand into other countries while at the same time allowing the Company to remain fully focused on its mission of manufacturing its lineup of electric vehicles in the USA.   The goal has always been for Mullen to build  a complete line of commercial electric vehicles, and we realized that one of the most critical issues today is inefficient last-mile delivery in urban markets," said David Michery, CEO and chairman of Mullen Automotive. "The introduction of  the I-GO, a fully EU homologated vehicle, creates opportunities for the Company  in Europe where there is a huge demand for this type of small delivery vehicle."

 

The I-GO will join Mullen’s current commercial vehicle lineup which includes Class 1 and 2 EV cargo vans. Mullen recently made a majority acquisition of Bollinger Motors, whose portfolio includes Class 3 through Class 6 commercial vehicles. In addition to securing the exclusive sales, distribution and branding rights for the I-GO for Spain, France , Germany, UK and Ireland, the Company entered into an Asset Purchase Agreement to acquire all assets of Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. (“ELMS”) from the ELMS Bankruptcy Estates .

 

About Mullen

Mullen Automotive is a Southern California-based automotive company building the next generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the Company’s first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company will meet the required contractual benchmarks to continue with its  exclusive rights to the  I-GO; whether ther Company will be successful in its endeavors to secure licensing or similar arrangements for the I-GO  with European vehicle dealerships; whether demand for ready to market urban delivery vehicles will continue in the European market; whether the I-GO will ultimately be avaibale at the starting price of $11,999 plus VAT and local transportation; and whether the  envisioned  branding, marketing reach and revenue generating oppotnuties associated with the I-GO will materialize and if so, prove successful for the Company. Additional examples of such risks and uncertainties include but are not limited to; (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (vii) changes in government licensing and regulation that may adversely affect Mullen’s business; (viii) the risk that changes in consumer behavior could adversely affect Mullen’s business; (ix) Mullen’s ability to protect its intellectual property; and (x) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not 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

 

Wire Service Contact:

InvestorWire (IW)

Los Angeles, California

www.InvestorWire.com

212.418.1217 Office

Editor@InvestorWire.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

More info on MULN at Investorideas.com Visit: https://www.investorideas.com/CO/MULN/

 

Get News Alerts on EV Stock MULN

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

Auto/Stock_List.com: investing ideas in automotive stocks

Like Automotive Stocks? View our Automotive Stocks Directory

 

 

Breaking #EV #Stock News: Mullen Automotive (NASDAQ: $MULN) Taps Former GM Executive John Schwegman as Chief Commercial Officer for Next Phase of EV Growth; @Mullen_USA

Breaking #EV #Stock News: Mullen Automotive (NASDAQ: $MULN) Taps Former GM Executive John Schwegman as Chief Commercial Officer for Next Phase of EV Growth; @Mullen_USA

 

Schwegman, with 35 years of experience with GM,  will oversee the implementation of all commercial strategies for Mullen Automotive's Commercial  EV Vehicle Division

 

BREA, Calif., October 21, 2022 – (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ:MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the hiring of John Schwegman as its Chief Commercial Officer (CCO) for Mullen’s line of commercial vehicles.  

 

Read this news, feauring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10211John-Schwegman-CCO.asp

 

Prior to joining Mullen, Schwegman spent 35 years of his career at General Motors (GM), where he held various executive-level roles in which he led global teams across four continents. At GM, he oversaw the growth of commercial product lines, re-positioned core brands, developed Chevrolet's core Electric Vehicle prioritization, re-launched GM's previously-retired Medium Duty Commercial Fleet business, and more.

 

Schwegman’s primary focus will be on growth strategy for Mullen’s lineup of commercial EVs covering Class 1 through Class 6 of light and medium duty trucks. Mullen’s current commercial vehicle lineup includes Class 1 and 2 EV Cargo Vans. Mullen recently made a majority acquisition of Bollinger Motors, whose portfolio includes Class 3 through Class 6 commercial vehicles. Schwegman will oversee new enterprise and fleet sales opportunities across all Mullen-Bollinger commercial vehicle categories.

 

“John has tremendous experience in commercial automotive sales, and this makes him a highly strategic addition to Mullen,” said David Michery, CEO and chairman of Mullen Automotive. “We are very excited to have John on board; he will play a central role as CCO in the product planning and business development of our commercial vehicle.”

 

“After an exciting career with GM, I decided to look further into the overall EV landscape, I was impressed with Mullen’s strategic approach, including the portfolio, the plants, and Mullen’s speed to market. Mullen’s strategy combined with my experience in commercial vehicles and strong relationship with fleets and dealers, allows us to build a very competitive commercial EV story,”  said John Schwegman, Chief Commercial Officer of Mullen Automotive.

 

About Mullen

Mullen Automotive is a Southern California-based automotive company building the next-generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the company’s first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to:  whether the appointment of John Schwegman, will be beneficial to the Company, whether the Company will deliver its vehicles within the slated timelines and (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not 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

 

Wire Service Contact:

InvestorWire (IW)

Los Angeles, California

www.InvestorWire.com

212.418.1217 Office

Editor@InvestorWire.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

More info on MULN at Investorideas.com Visit: https://www.investorideas.com/CO/MULN/

 

Get News Alerts on EV Stock MULN

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

Auto/Stock_List.com: investing ideas in automotive stocks

Like Automotive Stocks? View our Automotive Stocks Directory

 

 

#EV #Stocks Driving Higher: (NASDAQ: $MULN) (NASDAQ: $TSLA) (NYSE: $NIO) (NYSE: $F) @Mullen_USA @Tesla @NIOGlobal @Ford

#EV #Stocks Driving Higher: (NASDAQ: $MULN) (NASDAQ: $TSLA) (NYSE: $NIO) (NYSE: $F) @Mullen_USA @Tesla @NIOGlobal @Ford

 

Government, Consumers and Investor Sentiment Align on #ElectricVehicles

 

Vancouver, Delta, BC, October 20, 2022 - Investorideas.com, a leading investor news resource covering EV and automotive stocks releases a special report featuring Mullen Automotive, Inc. (NASDAQ: MULN), covering the continued growth of the EV market as government policy and infrastructure plans sync up with consumer and investor interest in the EV space.

 

Read this article, featuring MULN in full at https://www.investorideas.com/news/2022/renewable-energy/10201EV-Stocks.asp

 

The Global Electric Car Market was valued at USD 105 Billion in 2021 and according to Vantage Market Research's recent analysis; the market is projected to attain a value of USD 354.80 Billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19% during the forecast period 2022 to 2028.

 

According to the global analysis, the electric car industry is considered a viable alternative to today's automobiles in the near future to address environmental issues. There are now more than 16 Million electric cars running across the globe, consuming approximately 30 terawatt-hours (TWh) of electricity per year.

 

Seeing the future of the sector, Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle manufacturer, recently announced the US Bankruptcy Court approval on Oct. 13, 2022 of its acquisition of electric vehicle company ELMS’s (Electric Last Mile Solutions) assets in an all cash purchase.  In the Chapter 7 approved transaction, Mullen will acquire ELMS’s manufacturing plant, all inventory and intellectual property.

 

From the news: The Mishawaka, IN factory that forms part of the Company’s acquisition, previously produced General Motors Hummer H2 SUV and SUT and also subsequently contract manufactured the Mercedes-Benz R-Class vehicle. This makes it the perfect fit for production of the Mullen and Bollinger portfolio of consumer vehicles. The ELMS asset acquisition, and the recent acquisition of the majority ownership of Bollinger Motors, gives Mullen the ability to integrate Bollinger’s vehicle platforms, B1 and B2 along with Mullen’s FIVE and FIVE RS platforms into an already existing and capable high volume manufacturing facility. As a result, this will accelerate the launch of the Bollinger B1, B2 retail vehicles by 12 plus months.

 

Manufacturing optimization will include moving the Mullen FIVE EV Crossover production to the Mishawaka Factory from the Tunica, MS facility. Mullen FIVE production is planned to begin production in 2024. Tunica will now become the Commercial Manufacturing Center and capitalize to produce all Mullen and Bollinger Class 1 to 6 commercial vehicles.

 

With the additional Manufacturing capacity, total production volumes are expected to exceed Mullen’s previous business plan projections. The commercial portfolio is expected to increase over 50% with the addition of the ELMS assets and the retail portfolio is expected to more than double with the addition of Bollinger vehicles and the manufacturing capacity of Mishawaka.

 

The Company’s majority ownership acquisition of Bollinger Motors was closed in August 2022 with a combination of stock and cash. The ELMS acquisition will be completed as an all-cash purchase.

 

“Mullen’s acquisition of Bollinger was one of the largest transactions of its kind in the EV market. Upon closing the ELMS transaction, the Company will be in a position to strategically leverage all its acquired assets to shorten its production path and aggressively expand into the commercial and consumer EV market,” said David Michery, CEO and chairman of Mullen Automotive.

 

This follows Mullen’s previous acquisition of a controlling interest in EV truck innovator Bollinger Motors Inc. The purchase price was $148.2 million in cash and stock for a 60% controlling interest, giving Mullen the majority ownership of Bollinger Motors. This acquisition was MULN's first EV acquisition, propelling it into the medium-duty truck classes 3-6, along with the B1 and B2 sport utility trucks.

 

Market research reports show that growth in the sector is going to  significantly build as Mullen follows this acquisition path.

 

In a recent article, cleantechnica.com reported on EV sales in the US; “Fully electric vehicles have grown and grown in recent years. More and more models hit the market each month, and some of them are selling in decent volumes. Meanwhile, Tesla’s strong growth continues and one wonders how high Tesla can go. It’s on the verge of being one of the 10 top selling auto brands in the United States, an achievement that is likely to be reached in the 4th quarter of 2022.”

 

According to a recent Zack’s report, this could mean good news for EV manufacturer Tesla Inc. (NASDAQ: TSLA), as right now expectations are low for the September-quarter earnings season that's now underway, suggesting potential upside for shares of companies that do come in ahead of analysts' estimates, while raising risks for companies that fail to meet even modest expectations.

 

From the report: "This week and next week are just crucial and full of earnings," said Peter Tuz, President of Chase Investment Counsel in Charlottesville, Virginia.

 

Monday's major rally on Wall Street was just the latest in an unusually volatile year. The S&P 500 has recorded daily gains or losses of more than 2% 39 times so far in 2022, compared to seven times last year and 44 times in all of 2020.

 

Shares of Tesla jumped 7%, with the electric vehicle maker's report late on Wednesday set to be one of this week's main attractions.

 

Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. However, analysts still expect Chief Executive Elon Musk to deliver a 60% jump in quarterly revenue and a 48% surge in "adjusted" earnings before interest, taxes, depreciation and amortization.

 

As Wall Street becomes more and more focused on the EV market, newcomers and longtime rivals in the market are taking advantage of the opportunity Tesla is creating to attract more investors.

 

Major automotive giant and now a major player in the EV market, Ford Motor Company (NYSE: F), recently reported its September 2022 US sales results.

 

Ford electric vehicle sales continued to outpace the segment, with sales up 197.3 percent. Ford share of the electric vehicle segment was up in September 3.1 percentage points over last year with 7.0 percent share. In September, F-150 Lightning continued as America’s best-selling electric pickup; E-Transit was also America’s best-selling electric van in September.

 

“Ford continued to see high-demand vehicles turning at record rates in September, while developing electric truck and van leadership and extending our overall truck leadership. Demand remains strong with new retail orders rapidly expanding. We are very pleased with the work from our dealers, employees and the area’s first responders, as they are working tirelessly to recover in Florida from Hurricane Ian,” stated Andrew Frick, Vice president, Sales, Distribution & Trucks, Ford Blue.

 

NIO Inc. (NYSE: NIO) recently made headway into four more European countries after entering Norway in 2021. At a recent event in Berlin, NIO announced extending its services to Germany, Netherlands, Denmark and Sweden.

 

The selling strategy is different from the Norwegian market, wherein the automaker sells its electric vehicles (EVs) directly. Instead, in the new markets, it has introduced a subscription-based model through which customers can lease vehicles and rent NIO’s three models, namely two sedans and one SUV. NIO has stated that since tax policies are not lucrative, it has decided on the new strategy.

 

The subscription period can be as short as a month and the longest being 60 months. Additionally, customers will get access to other services by NIO, as well as use NIO Houses. The Berlin NIO House is expected to open soon and new facilities will eventually open in other markets.

 

The subscription plans have been designed holistically to allow users to enjoy a hassle-free experience. It comprises comprehensive insurance, maintenance, winter tires, a courtesy car, battery swapping and the flexibility to upgrade battery services.

 

Besides getting the vehicles charged, customers have the provision for swapping their dead batteries for fully charged ones at NIO's swapping stations. In September-end, the company opened its first battery swap station in Germany’s Zusmarshausen on a motorway between Munich and Stuttgart.

 

Also, the company opened its first European plant to manufacture swapping stations in Hungary last month. NIO has laid out an ambitious plan to install at least 120 battery-swapping stations in Europe by the end of 2023.  By 2025, it aims to build 1,000 swapping stations overseas, most of which will be in Europe.

 

According to recent commentary, shares of the Chinese electric vehicle maker recently rose as investors reacted to comments made by Chinese President Xi Jinping about his country's focus on new technologies.

 

This is comparable to stock bumps we saw after the announcements earlier this year from Joe Biden and other world leaders and can be what is expected moving forward as we continue to see real movement, legislation and funding to make EV’s the future of transportation.

 

Investor Ideas has a free directory of renewable energy stocks including EV and green automotive stocks for Investors to research. https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.Disclosure: this news article featuring MULN is a paid for news release on Investorideas.com .More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 

Mullen Automotive, Inc. (NASDAQ: MULN) is a featured renewable energy stock on Investorideas.com

Visit profile page

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

Buy a renewable energy guest post on Investorideas.com

Automotive car stocks directory at Investorideas.com; green auto stocks, publicly traded auto manufacturers and suppliers

If your company is listed and you would like your description updated; Email us. Not listed? Email us. Learn more about our services.