NetworkNewsBreaks – Mullen Automotive Inc. (NASD
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Posted On: 07/15/2024 4:10:58 PM
NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Inks Contract for Sale of 70 B4 EV Trucks to Leading Fleet-Management Company
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and its subsidiary, Bollinger Motors, have contracted to sell 70 all-electric Class 4 Bollinger B4 commercial trucks. The trucks are being purchased by Doering Fleet Management, one of the nation’s premier fleet-management companies, and will be the first class 4, medium duty, all-electric truck offered by Doering. According to the announcement, the value of vehicle order is an estimated $11.5 million, and the first vehicles are slated to be delivered later this year. An all-new, battery-electric class 4 commercial truck, the Bollinger B4 Chassis Cab has been designed from the ground up. The truck’s chassis design protects the 800-volt battery and other components to offer unparalleled capability, flexibility, performance and serviceability in the commercial market. In addition, Bollinger Motors has qualified for federal clean-vehicle purchasing incentives that provide $40,000 in refundable tax credits per truck. “Our agreement with Doering Fleet Management is another important step forward for Bollinger Motors,” said Bollinger Motors chief revenue officer Jim Connelly in the press release. “Doering is one of the top names in the fleet-management world, and we are honored to have the Bollinger B4 become an environmentally friendly fleet option for their customers across the country.”
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 republished: http://NNW.fm/Disclaimer
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and its subsidiary, Bollinger Motors, have contracted to sell 70 all-electric Class 4 Bollinger B4 commercial trucks. The trucks are being purchased by Doering Fleet Management, one of the nation’s premier fleet-management companies, and will be the first class 4, medium duty, all-electric truck offered by Doering. According to the announcement, the value of vehicle order is an estimated $11.5 million, and the first vehicles are slated to be delivered later this year. An all-new, battery-electric class 4 commercial truck, the Bollinger B4 Chassis Cab has been designed from the ground up. The truck’s chassis design protects the 800-volt battery and other components to offer unparalleled capability, flexibility, performance and serviceability in the commercial market. In addition, Bollinger Motors has qualified for federal clean-vehicle purchasing incentives that provide $40,000 in refundable tax credits per truck. “Our agreement with Doering Fleet Management is another important step forward for Bollinger Motors,” said Bollinger Motors chief revenue officer Jim Connelly in the press release. “Doering is one of the top names in the fleet-management world, and we are honored to have the Bollinger B4 become an environmentally friendly fleet option for their customers across the country.”
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 republished: http://NNW.fm/Disclaimer
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