BREA, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) — through InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, pronounces the opening of a brand new EV Technology workforce, specializing in growing EV applied sciences for Mullen’s portfolio of business vans.
Located in Pontiac, Michigan, and centrally situated to all automotive assets the Motor City Area has to supply, the EV Technology workforce can be residence to a brand new division of engineers and know-how builders targeted on Mullen’s Class 1 – 5 business automobile growth. This “Detroit Tech Center” and its EV Technology workforce will play a essential function in Mullen’s objective of growing extremely environment friendly EV know-how that makes use of much less power consumption whereas providing higher automobile ranges and energy. Mullen has already introduced on shut to twenty new hires and expects to have upwards of 50 staff by the tip of this 12 months.
The Detroit Tech Center would be the fifth location opened by Mullen and follows the just lately introduced Irvine Automotive Center, situated in Irvine, California. Other Mullen services embrace the Advanced Manufacturing and Engineering Center primarily based outdoors Tunica, Mississippi, and Mullen’s High Voltage facility Iocated in Monrovia, California. Mullen’s Corporate Headquarters is predicated 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,” stated 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 growth portfolio contains the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans, and the DragonFLY Sports Car. Mullen just lately introduced the “Strikingly Different” U.S. Test Drive Tour for the Mullen FIVE EV Crossover, masking 19 cities throughout the U.S. The tour will start this fall in Southern California and work its approach all through the U.S. Further particulars will be discovered here, or place your Mullen FIVE reservation here.
About Mullen
Mullen is a Southern California-based automotive firm that owns and companions with a number of synergistic companies working towards the unified objective of creating clear and scalable power options. Mullen has advanced over the previous decade in sync with customers and know-how developments. Today, the Company is working diligently to supply thrilling EV choices constructed completely within the United States and made to suit completely into the American client’s life. Mullen strives to make EVs extra accessible than ever by constructing an end-to-end ecosystem that takes care of all facets of EV possession.
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 reality could also be deemed forward-looking statements. Words akin 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 vital dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, many of that are typically outdoors the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embrace however usually are not restricted as to if the Detroit Tech Center can be utilized by the Company as supposed or play a essential function within the growth of Mullen’s automobiles, whether or not the Detroit Tech Center could have upwards of fifty staff by the tip of this 12 months and whether or not the “Strikingly Different” U.S. Test Drive Tour will happen as contemplated. Additional examples of such dangers and uncertainties embrace, however usually are not restricted to: (i) Mullen’s capacity (or incapability) to acquire extra financing in enough quantities or on acceptable phrases when wanted; (ii) Mullen’s capacity to take care of current, and safe extra, contracts with producers, components and different service suppliers regarding its business; (iii) Mullen’s capacity to efficiently broaden in current markets and enter new markets; (iv) Mullen’s capacity 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 draw and retain certified staff and key personnel; (vii) antagonistic results of elevated competitors on Mullen’s business; (viii) adjustments in authorities licensing and regulation which will adversely have an effect on Mullen’s business; (ix) the chance that adjustments in client conduct may adversely have an effect on Mullen’s business; (x) Mullen’s capacity to guard its mental property; and (xi) native, business and normal business and financial circumstances. Additional components that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements will be present in the newest 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 might trigger its plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of this of new info, future occasions or in any other case, besides as expressly required by regulation. Forward-looking statements converse 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
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
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