BREA, Calif., Sept. 15, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, proclaims specs and supplies a primary take a look at the ultra-high-performance EV sport crossover the FIVE RS.
The Mullen FIVE RS is an ultra-high-performance EV that may function a high velocity of 200 mph and acceleration from 0-60 mph in simply 1.9 seconds. The automobile will probably be outfitted with 800-volt structure, all-wheel drive, a two-speed gearbox and over 1,000 horsepower.
“The Mullen FIVE RS is an extremely high-performance EV and intended for those who especially enjoy track/high-performance driving,” mentioned Calin Popa, president of Mullen Automotive. “What we’ve done with this EV and the specs we’ve accomplished is indeed an amazing technical achievement.”
“From the inception of Mullen, it has been my mission to bring an ultra-high-performance EV to market,” mentioned David Michery, CEO and chairman of Mullen Automotive. “The FIVE RS is intended to be one of the fastest vehicles on the planet, competing with some of the best and most well-known and regarded automotive marquees. I look forward to showcasing this vehicle on the track this next spring.”
As beforehand introduced, the first leg of the “Strikingly Different” U.S. test-drive tour will first showcase the Mullen FIVE EV Crossover and begins subsequent month. The FIVE RS will be a part of the second leg of the tour in the spring of 2023.
Due to the high-powered capabilities of the FIVE RS, shoppers is not going to be allowed to check drive the automobile immediately at this stage. Instead, Mullen will provide shoppers the alternative to experience in the Mullen FIVE RS alongside knowledgeable IndyCar race automobile driver, offering an up-close and private expertise in one in all the quickest autos out there globally.
Mullen will provide “front row” FIVE reservation holders the first probability to check drive and expertise the Mullen FIVE in individual on the “Strikingly Different” U.S. check drive tour starting this fall. Mullen asks people who haven’t already accomplished so to guide their FIVE reservations here to be able to safe a spot on the upcoming nationwide tour. Further particulars and upcoming progress will probably be shared on Mullen’s social media platforms and with people who decide to remain related 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 aim of making clear and scalable vitality options. Mullen has developed over the previous decade in sync with shoppers and know-how traits. Today, the Company is working diligently to offer thrilling EV choices constructed fully in 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 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 resembling “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 might trigger precise outcomes to vary materially from these expressed or implied in the forward-looking statements, lots of that are typically exterior the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embody however aren’t restricted to the timing of completion and availability of the Mullen FIVE RS and whether or not the Mullen FIVE RS will be capable to attain a high velocity of 200 mph, have acceleration capabilities of 0-60 mph in 1.9 seconds or have the different options contemplated by this press launch. Additional examples of such dangers and uncertainties embody however aren’t restricted as to if the first and second legs of the contemplated “Strikingly Different” U.S. test-drive excursions happen inside the said timelines and: (i) Mullen’s capability (or incapability) to acquire further financing in enough quantities or on acceptable phrases when wanted; (ii) Mullen’s capability to keep up current, and safe further, contracts with producers, elements and different service suppliers regarding its business; (iii) Mullen’s capability to efficiently broaden in current 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 capability to draw and retain certified staff and key personnel; (vii) opposed results of elevated competitors on Mullen’s business; (viii) modifications in authorities licensing and regulation that will adversely have an effect on Mullen’s business; (ix) the danger that modifications in client habits might adversely have an effect on Mullen’s business; (x) Mullen’s capability to guard its mental property; and (xi) native, business and basic business and financial circumstances. Additional components that might trigger precise outcomes to vary materially from these expressed or implied in the forward-looking statements will be present in the most up-to-date 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 vary. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new data, 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
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]
