NetworkNewsBreaks — Mullen Automotive Inc. (NASD
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Posted On: 01/04/2024 3:30:29 PM
NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Invoices $12M-Plus for Class 1, Class 3 EVs in 2023
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on the status of its Class 1 and Class 3 vehicles for 2023. According to the announcement, the company delivered 100 Class 1 and 141 Class 3 vehicles by year end, for a total invoiced amount of $12,559,520. Mullen also anticipates delivering an additional 185 Class 1 vehicles by Jan. 8, 2024. The vehicles were delivered to the Randy Marion Automotive Group as part of a vehicle purchase order calling for 6,000 Class 1 vehicles and 1,000 Class 3 vehicles in total; invoicing for the vehicles will total an estimated $263 million, with a majority of the vehicles slated for delivery this year. The company noted that it had delivered 10 Class 3 vehicles on Dec. 4, 38 Class 3 vehicles on Dec. 21, 63 Class 3 vehicles on Dec. 26, 50 Class 1 vehicles on Dec. 28, 30 Class 3 vehicles on Dec. 30, and 50 class 1 vehicles on Dec. 31, 2023. “[Last year] closed out strong, and we continue to scale our production and deliveries throughout 2024,” said Mullen Automotive CEO and chair David Michery in the press release.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
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, is reporting on the status of its Class 1 and Class 3 vehicles for 2023. According to the announcement, the company delivered 100 Class 1 and 141 Class 3 vehicles by year end, for a total invoiced amount of $12,559,520. Mullen also anticipates delivering an additional 185 Class 1 vehicles by Jan. 8, 2024. The vehicles were delivered to the Randy Marion Automotive Group as part of a vehicle purchase order calling for 6,000 Class 1 vehicles and 1,000 Class 3 vehicles in total; invoicing for the vehicles will total an estimated $263 million, with a majority of the vehicles slated for delivery this year. The company noted that it had delivered 10 Class 3 vehicles on Dec. 4, 38 Class 3 vehicles on Dec. 21, 63 Class 3 vehicles on Dec. 26, 50 Class 1 vehicles on Dec. 28, 30 Class 3 vehicles on Dec. 30, and 50 class 1 vehicles on Dec. 31, 2023. “[Last year] closed out strong, and we continue to scale our production and deliveries throughout 2024,” said Mullen Automotive CEO and chair David Michery in the press release.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
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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