NetworkNewsBreaks — Mullen Automotive Inc. (NASD
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Posted On: 10/16/2023 4:41:10 PM
NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Status of Commercial Vehicle Production
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a commercial vehicle production update for its Class 3 EV cab chassis trucks and Class 1 EV cargo vans. According to the report, the company is on track to produce 150 Class 3 EV trucks through December 2023 and to begin production and delivery of its Class 1 EV cargo van in Q4 2023. Specifically, the report noted that the company’s Class 3 production plans for the remainder of 2023 include an estimated 150 vehicles to be produced and delivered to Randy Marion Automotive Group (“RMA”), noting that the first 10 Class 3 vehicles were delivered to RMA last month. In addition, Mullen expects to deliver the balance of the 1,000 Class 3 vehicle purchase order in calendar year 2024. Mullen’s Class 1 EV cargo van production is on track to begin in Q4 2023, with the production of an estimated 300 vehicles initially planned and increasing numbers projected when the facility is in full production.
In summary, the report noted that total planned commercial vehicle production for calendar years 2023 and 2024 includes 150 Class 3 EV cab chassis trucks and 300 Class 1 EV cargo vans in 2023, with 850 Class 3 EV cab chassis trucks and 6,000 Class 1 EV cargo vans planned for 2024. “I am proud to say both our Class 3 production acceleration and our Class 1 manufacturing preparations are on track at our Tunica assembly plant,” said Mullen Automotive CEO and chair David Michery in the press release. “We have firmed up our production schedules for 2024, which align with our existing customer orders and provide ample room for additional customer demand.”
Please see full terms of use and 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 released a commercial vehicle production update for its Class 3 EV cab chassis trucks and Class 1 EV cargo vans. According to the report, the company is on track to produce 150 Class 3 EV trucks through December 2023 and to begin production and delivery of its Class 1 EV cargo van in Q4 2023. Specifically, the report noted that the company’s Class 3 production plans for the remainder of 2023 include an estimated 150 vehicles to be produced and delivered to Randy Marion Automotive Group (“RMA”), noting that the first 10 Class 3 vehicles were delivered to RMA last month. In addition, Mullen expects to deliver the balance of the 1,000 Class 3 vehicle purchase order in calendar year 2024. Mullen’s Class 1 EV cargo van production is on track to begin in Q4 2023, with the production of an estimated 300 vehicles initially planned and increasing numbers projected when the facility is in full production.
In summary, the report noted that total planned commercial vehicle production for calendar years 2023 and 2024 includes 150 Class 3 EV cab chassis trucks and 300 Class 1 EV cargo vans in 2023, with 850 Class 3 EV cab chassis trucks and 6,000 Class 1 EV cargo vans planned for 2024. “I am proud to say both our Class 3 production acceleration and our Class 1 manufacturing preparations are on track at our Tunica assembly plant,” said Mullen Automotive CEO and chair David Michery in the press release. “We have firmed up our production schedules for 2024, which align with our existing customer orders and provide ample room for additional customer demand.”
Please see full terms of use and 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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