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Partnership Announcement
LOS ANGELES – (NewMediaWire) – December 2, 2024 –
Mullen Automotive (NASDAQ: MULN)
has revealed a partnership with Emerald Transportation Solutions and the Pap Group to create a refrigerated (commonly known as “reefer”) upfit for the Mullen THREE, an all-electric Class 3 truck. This vehicle is specifically designed for transporting perishable products and features a clean top-of-rail chassis that facilitates custom upfitting, accommodating payloads exceeding 5,300 lbs. This groundbreaking initiative supports Mullen’s commitment to providing eco-friendly transportation solutions for sectors such as frozen food, grocery, and beverage distribution.
Incentives for Fleet Operators
Moreover, both the Mullen THREE and Mullen ONE models qualify for federal and state incentives, which can result in significant cost savings for fleet operators.
About Mullen Automotive Inc.
Mullen Automotive, headquartered in Southern California, is pioneering the next generation of commercial electric vehicles (EVs) with manufacturing facilities located in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). Production of commercial vehicles commenced in Tunica in August 2023, and by September 2023, the company received IRS approval for federal EV tax credits applicable to its commercial vehicles, allowing eligible buyers to save up to $7,500 per vehicle.
Certifications and Dealer Network Expansion
As of January 2024, the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, have been certified by the California Air Resource Board (CARB) and the EPA, making them available for sale across the U.S. The CARB-issued HVIP approval for the Mullen THREE provides purchasers with up to a $45,000 cash incentive. Additionally, Mullen has recently expanded its dealer network to include seven dealers, with Pap Kenworth being the latest addition. Other notable dealers include Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, ensuring comprehensive sales and service coverage in key markets across the Midwest, West Coast, Pacific Northwest, New England, and Mid-Atlantic regions.
Foreign Trade Zone Benefits
The company has also secured approval for Foreign Trade Zone (FTZ) status for its manufacturing facility in Tunica, Mississippi. This designation offers several advantages, including the postponement of duties owed and the elimination of duties on exported vehicles. For further information about Mullen Automotive, please visit
www.MullenUSA.com
.
Forward-Looking Statements
Some statements made in this article are forward-looking as defined by the Private Securities Litigation Reform Act of 1995. These statements entail risks, uncertainties, and various factors that could make actual outcomes differ significantly from those suggested by these statements. Investors should exercise caution and not overly rely on these forward-looking statements when making investment decisions, which are based on current information. The company is not obligated to update these statements unless legally required.
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