NetworkNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Majority-Owned Bollinger Motors Receives Orders Valued at ~$6M
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its majority-owned Bollinger Motors has received vehicle orders for 40 B4, Class 4 EV trucks, valued at a total of approximately $6 million. According to the announcement, the company anticipates the 100% American-made Bollinger B4 chassis cab to begin production in mid-2024. The truck is expected to be eligible nationwide for a federal purchasing incentive of 30% of the cost of the vehicle, up to a total of $40,000, through the Inflation Reduction Act of 2022. The announcement noted that the purpose-built Bollinger B4 commercial trucks, which will be made in Michigan, have been designed to be custom-configured by fleets to fit their exact duty cycle needs. This design intends to make the transition to electric as seamless as possible with minimal downtime. In addition, the all-electric trucks’ cabs feature a forward design that provides improved visibility and frees up space behind the driver for more cargo. “The B4 has been very well received to date and it’s great to see our first 40 vehicle orders coming in well in advance of production start,” said Robert Bollinger, CEO of Bollinger Motors.
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, today announced that its majority-owned Bollinger Motors has received vehicle orders for 40 B4, Class 4 EV trucks, valued at a total of approximately $6 million. According to the announcement, the company anticipates the 100% American-made Bollinger B4 chassis cab to begin production in mid-2024. The truck is expected to be eligible nationwide for a federal purchasing incentive of 30% of the cost of the vehicle, up to a total of $40,000, through the Inflation Reduction Act of 2022. The announcement noted that the purpose-built Bollinger B4 commercial trucks, which will be made in Michigan, have been designed to be custom-configured by fleets to fit their exact duty cycle needs. This design intends to make the transition to electric as seamless as possible with minimal downtime. In addition, the all-electric trucks’ cabs feature a forward design that provides improved visibility and frees up space behind the driver for more cargo. “The B4 has been very well received to date and it’s great to see our first 40 vehicle orders coming in well in advance of production start,” said Robert Bollinger, CEO of Bollinger Motors.
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
