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BREA, Calif., Sept. 08, 2022 (GLOBE NEWSWIRE) — through InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical car (“EV”) producer, publicizes that it is going to be conducting a stay webinar immediately at 2 p.m. ET., to talk about the bulk acquisition of EV Truck Innovator Bollinger Motors, Inc.
Mullen introduced earlier immediately that it acquired a controlling curiosity in Bollinger Motors, Inc. This is Mullen’s first EV acquisition and propels the corporate into the medium and heavy-duty truck courses 3-6, together with the B1 and B2 Sport Utility Vehicles. More particulars concerning the acquisition will be discovered on Mullen’s website and on the video created by Bollinger Motors here.
David Michery, CEO and chairman of Mullen Automotive, and Robert Bollinger, CEO and founding father of Bollinger Motors, will probably be current on the decision to introduce their respective corporations and speak about what the partnership represents for each corporations and the general EV market.
Mullen Bollinger Webinar Details:
Date: Sept. 8, 2022
Time: 2 p.m. Eastern
URL: YouTube Link
“Mullen is on a very exciting trajectory, and this acquisition is one of the largest to date in the EV industry,” mentioned David Michery, CEO and chairman of Mullen Automotive. “This webinar will allow Robert and I to provide insight into the acquisition and the strategic direction this brings to both Mullen and Bollinger.”
About Mullen
Mullen Automotive is a Southern California-based automotive firm constructing the next-generation of premium electrical automobiles (EVs) which are reasonably priced and constructed fully within the United States. With an end-to-end ecosystem that helps house owners from check driving to financing and servicing via a novel hybrid dealership mannequin, prospects are supported via each side of EV possession. The Mullen FIVE, the corporate’s first electrical crossover, is slated for supply in 2024 and options an award-winning design and its patented PERSONA know-how that makes use of facial recognition to personalize the driving expertise for each particular person. To be taught extra concerning the firm, go to www.MullenUSA.com.
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors is a U.S.-based firm, headquartered in Oak Park, Michigan. Bollinger Motors manufactures all-electric platforms and chassis cabs for business automobiles in Classes 3-6. To be taught extra concerning the firm, go to www.BollingerMotors.com.
Forward-Looking Statements
Certain statements on this press launch that aren’t historic details are forward-looking statements inside the that means of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic truth could also be deemed forward-looking statements. Words equivalent to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and related expressions are meant to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements, lots of that are typically exterior the management of Mullen and are tough to predict. Examples of such dangers and uncertainties embody however will not be restricted to whether or not the Bollinger majority possession acquisition will probably be helpful to the Company, whether or not Mullen will probably be profitable in capturing market share the electrical sport utility and business car markets, whether or not combing Bollinger’s automobiles with the Company’s present class 1 and class 2 EV cargo van applications will probably be profitable and whether or not the Company will obtain its aim of reaching a big stake within the class 1-6 business gentle, medium and heavy-duty truck segments. Additional examples of such dangers and uncertainties whether or not Mullen’s Solid-State Battery know-how improvement will probably be profitable and will probably be in a position to be leveraged by Bollinger, if and when the Bollinger B1 and B2 sport utilities will probably be developed and whether or not the roughly 50,000 earlier reservations for the B1 and B2 sport utilities will materialize. Further examples of such dangers and uncertainties embody however will not be restricted to: (i) Mullen’s capability (or incapacity) to get hold of further financing in adequate quantities or on acceptable phrases when wanted; (ii) Mullen’s capability to keep present, and safe further, contracts with producers, components and different service suppliers relating to its business; (iii) Mullen’s capability to efficiently increase in present markets and enter new markets; (iv) Mullen’s capability to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the power to entice and retain certified staff and key personnel; (vii) antagonistic results of elevated competitors on Mullen’s business; (viii) adjustments in authorities licensing and regulation that will adversely have an effect on Mullen’s business; (ix) the chance that adjustments in shopper conduct may adversely have an effect on Mullen’s business; (x) Mullen’s capability to shield its mental property; and (xi) native, trade and normal business and financial circumstances. Additional elements that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements will be present in the latest annual report on Form 10-Okay, quarterly studies on Form 10-Q and present studies on Form 8-Okay filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to change. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by regulation. Forward-looking statements communicate solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]
