Following a 1,000 unit Class 3 purchase order, Randy Marion Automotive receives first demonstration vehicle from Mullen Automotive
The first Mullen Class 3 truck arrives at Mullen’s dealer partner, Randy Marion Automotive, for customer test drives and demonstrations.
BREA, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the first Class 3 demonstration vehicle has been delivered to Randy Marion Automotive (“RMA”) in North Carolina.
The Mullen THREE is priced at $68,500 and includes an estimated 130-mile range, 5,800 lb payload, and capability of carrying a 14 ft box with over 1,000 cubic feet of cargo capacity.
“Based on the tremendous interest we received on the Mullen Class 3 truck, we placed our 1,000 vehicle order. We have a lineup of our customers waiting to pilot this truck including Duke Energy, Lowes and UNC-Charlotte,” said Brad Sigmon, Fleet GM and VP of RMA Fleet Operations.
“It is exciting to enter the next phase of our commercial launch with the Mullen THREE — the customers, piloting, testing, and evaluation stage. Demand has been strong since we introduced this product and the aggressive price point. We are excited to get customers behind the wheel of our Class 3 product,” said John Schwegman, Mullen’s chief commercial officer.
“Randy Marion Automotive Group is a great dealer partner with pent-up demand for cab chassis products,” said David Michery, CEO and chairman of Mullen Automotive. “We know our Class 3 will be a great product when it hits the market. We look forward to getting the customer feedback prior to our start of production this summer.”
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs, and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.
About Randy Marion Automotive Group
Randy Marion Automotive Group is one of the largest car dealerships in the Carolinas and one of the largest commercial vehicle dealers in the U.S.
For more information, please visit www.RandyMarion.com.
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: (i) whether the Mullen vehicle start of production and launches will take place within the timelines contemplated; (ii) the pricing of the Class 3 vehicle, whether it will perform as expected, whether the expected customers will materialize or purchase the vehicle and whether the Class 3 will be a success for the Company; (iii) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen’s ability to successfully expand in existing markets and enter new markets; (vi) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (x) changes in government licensing and regulation that may adversely affect Mullen’s business; (xi) the risk that changes in consumer behavior could adversely affect Mullen’s business; (xii) Mullen’s ability to protect its intellectual property; and (xiii) 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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