NetworkNewsBreaks – Mullen Automotive Inc. (NASD
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Posted On: 12/18/2024 3:55:15 PM
NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports $5.5M in EV Sales and Significant Cost Reductions
Mullen Automotive (NASDAQ: MULN) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates.
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) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates.
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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