BREA, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces the opening of a new EV Technology team, focusing on developing EV technologies for Mullen’s portfolio of commercial vans.
Located in Pontiac, Michigan, and centrally located to all automotive resources the Motor City Area has to offer, the EV Technology team will be home to a new division of engineers and technology developers focused on Mullen’s Class 1 – 5 commercial vehicle development. This “Detroit Tech Center” and its EV Technology team will play a critical role in Mullen’s goal of developing highly efficient EV technology that utilizes less energy consumption while offering greater vehicle ranges and power. Mullen has already brought on close to 20 new hires and expects to have upwards of 50 employees by the end of this year.
The Detroit Tech Center will be the fifth location opened by Mullen and follows the recently announced Irvine Automotive Center, located in Irvine, California. Other Mullen facilities include the Advanced Manufacturing and Engineering Center based outside Tunica, Mississippi, and Mullen’s High Voltage facility Iocated in Monrovia, California. Mullen’s Corporate Headquarters is based in Brea, California.
“Detroit is a natural spot for us for all the right and obvious reasons. A majority of our current partners are based in Detroit, so opening this center made perfect sense for our ongoing and future commercial van development,” said David Michery, CEO and chairman of Mullen Automotive. “It is great timing for us as many of the other EV companies are reducing their teams and we are growing at a rapid rate.”
Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans, and the DragonFLY Sports Car. Mullen recently announced the “Strikingly Different” U.S. Test Drive Tour for the Mullen FIVE EV Crossover, covering 19 cities across the U.S. The tour will begin this fall in Southern California and work its way throughout the U.S. Further details can be found here, or place your Mullen FIVE reservation here.
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Detroit Tech Center will be used by the Company as intended or play a critical role in the development of Mullen’s vehicles, whether the Detroit Tech Center will have upwards of fifty employees by the end of this year and whether the “Strikingly Different” U.S. Test Drive Tour will take place as contemplated. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Mullen Automotive, Inc.
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