NetworkNewsBreaks — Mullen Automotive Inc. (NASD
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Posted On: 11/09/2022 4:30:09 PM
NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Inks Distribution Deal for Expansion into Ireland, UK
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has signed a distribution agreement with Newgate Motor Group, one of Ireland’s best-known dealerships. The agreement calls for Newgate to serve as the marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the United Kingdom. As part of the agreement, Newgate will purchase initial units of I-GO for use in vehicle demonstrations, marketing and sales opportunities with potential customers. According to the announcement, Mullen anticipates delivering those I-GO samples by end of December 2022. With more than four decades of experience, Newgate Auto Group is well respected in the auto industry and represents several brands, including Renault/Dacia, Kia and Mercedes-Benz. In addition to being a key retail group in Ireland, they also have substantial relationships in the vehicle distribution business throughout the United Kingdom and various parts of Europe. Mullen’s I-GO is designed to be an urban commercial delivery vehicle that meets the demand for quick deliveries and space constraints in dense cities throughout Europe. “This is a highly strategic partnership for Mullen, with Newgate being one of Ireland’s most recognizable dealers for new and used vehicles; it brings us an incredible opportunity to enter the commercial EV market in Europe with a very successful retail group,” said Mullen Automotive CEO and chair David Michery in the press release. “We are currently working closely with Newgate on the importation, registration and licensing requirements for the successful import and distribution of the I-GO into Ireland and the United Kingdom.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has signed a distribution agreement with Newgate Motor Group, one of Ireland’s best-known dealerships. The agreement calls for Newgate to serve as the marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the United Kingdom. As part of the agreement, Newgate will purchase initial units of I-GO for use in vehicle demonstrations, marketing and sales opportunities with potential customers. According to the announcement, Mullen anticipates delivering those I-GO samples by end of December 2022. With more than four decades of experience, Newgate Auto Group is well respected in the auto industry and represents several brands, including Renault/Dacia, Kia and Mercedes-Benz. In addition to being a key retail group in Ireland, they also have substantial relationships in the vehicle distribution business throughout the United Kingdom and various parts of Europe. Mullen’s I-GO is designed to be an urban commercial delivery vehicle that meets the demand for quick deliveries and space constraints in dense cities throughout Europe. “This is a highly strategic partnership for Mullen, with Newgate being one of Ireland’s most recognizable dealers for new and used vehicles; it brings us an incredible opportunity to enter the commercial EV market in Europe with a very successful retail group,” said Mullen Automotive CEO and chair David Michery in the press release. “We are currently working closely with Newgate on the importation, registration and licensing requirements for the successful import and distribution of the I-GO into Ireland and the United Kingdom.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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