NetworkNewsBreaks — Mullen Automotive Inc. (NASD
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Posted On: 12/15/2022 3:08:46 PM
NetworkNewsBreaks — 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 official noted that there is “significant pent-up customer demand for Mullen to fulfill” with “many customers looking at me to find product for their companies.” Alling the order “a real vote of confidence in our company,” Mullen noted that RMA definitely sees a future in commercial EVs. Mullen’s commercial EV lineup includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products; the company’s entire commercial vehicle lineup will be manufactured out of its Mississippi-based Advanced Manufacturing and Engineering Center (“AMEC”). “The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said Mullen chair and CEO David Michery in the press release.
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, 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 official noted that there is “significant pent-up customer demand for Mullen to fulfill” with “many customers looking at me to find product for their companies.” Alling the order “a real vote of confidence in our company,” Mullen noted that RMA definitely sees a future in commercial EVs. Mullen’s commercial EV lineup includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products; the company’s entire commercial vehicle lineup will be manufactured out of its Mississippi-based Advanced Manufacturing and Engineering Center (“AMEC”). “The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said Mullen chair and CEO David Michery in the press release.
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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