BREA, Calif., Sept. 08, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, publicizes that it will likely be conducting a dwell webinar right now at 2 p.m. ET., to talk about the bulk acquisition of EV Truck Innovator Bollinger Motors, Inc.
Mullen introduced earlier right now 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 lessons 3-6, together with the B1 and B2 Sport Utility Vehicles. More particulars in regards to the acquisition could 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 firms and speak about what the partnership represents for each firms 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 autos (EVs) which can be reasonably priced and constructed totally within the United States. With an end-to-end ecosystem that helps house owners from take a look at driving to financing and servicing by means of a novel hybrid dealership mannequin, prospects are supported by means of each facet 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 study extra in regards to 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 industrial autos in Classes 3-6. To study extra in regards to the firm, go to www.BollingerMotors.com.
Forward-Looking Statements
Certain statements on this press launch that aren’t historic info 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 comparable to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and comparable expressions are supposed to establish such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that would trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements, a lot of that are typically exterior the management of Mullen and are tough to predict. Examples of such dangers and uncertainties embrace however aren’t restricted to whether or not the Bollinger majority possession acquisition will probably be useful to the Company, whether or not Mullen will probably be profitable in capturing market share the electrical sport utility and industrial automobile markets, whether or not combing Bollinger’s autos with the Company’s current class 1 and class 2 EV cargo van applications will probably be profitable and whether or not the Company will obtain its purpose of attaining a big stake within the class 1-6 industrial 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 ready 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 embrace however aren’t restricted to: (i) Mullen’s skill (or incapability) to acquire further financing in ample quantities or on acceptable phrases when wanted; (ii) Mullen’s skill to keep current, and safe further, contracts with producers, elements and different service suppliers relating to its business; (iii) Mullen’s skill to efficiently broaden in current markets and enter new markets; (iv) Mullen’s skill 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 workers and key personnel; (vii) opposed 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 danger that adjustments in client habits might adversely have an effect on Mullen’s business; (x) Mullen’s skill to defend its mental property; and (xi) native, business and basic business and financial circumstances. Additional elements that would trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements could be present in the newest annual report on Form 10-Ok, quarterly experiences on Form 10-Q and present experiences on Form 8-Ok 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 on account of new data, future occasions or in any other case, besides as expressly required by legislation. 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]
A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c13eb57-d190-429e-8ce5-d395c104b1a6
