Monday, September 15, 2025

Latest

Mullen Automotive Reports $263 Million In Outstanding Purchase Orders

Mullen Automotive (NASDAQ: MULN) this morning is claiming that it has over $263 million in outstanding purchase orders to fill for its Class 1 and Class 3 EV cargo vans and trucks. The figure follows the firm yesterday receiving another order pegged at $63 million.

The latest order, which was announced mid-day yesterday, is reportedly for a total of 1,000 of the Mullen THREE, which is a Class 3 low cab forward EV truck. Deliveries under the purchase order are currently slated to begin in August.

The major order follows Mullen and Randy Marion Automotive Group, a commercial EV dealer, entering a partnership last December, which saw Randy Marion become the firms first dealer group partner.

The Class 1 and Class 3 commercial vehicles are to be assembled in Tunica, MS. The production facility, which is currently still under development, is expected to become operational in July, with deliveries anticipated to begin in August and September. Mullen has recently added new trim and chassis assembly lines to accommodate new models, while hiring 35 team members ahead of production commencing. The company is at the same time focusing on commercial vehicle certifications, with FMVSS tests for vehicle crash test worthiness and occupant safety conducted just last month for its Class 1 EV van.

The company also indicated this morning that its Bollinger Motors division, based out of Oak Park, MI, currently is 90% complete with the chassis cab engineering of the B4 vehicle. Vehicle testing has reportedly started and is on schedule, while the B1 SUV program restarted in March. Additional employees have been added to support both initiatives.

As of April 30, Mullen is said to have had $116.1 million in available cash.

Mullen Automotive last traded at $0.08 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Mullen Automative Files Complaint Against GEM Global Alleging Violation of Securities Laws

Mullen Automotive (NASDAQ: MULN) has filed a complaint against GEM Global, alleging violations of the...

Tuesday, January 2, 2024, 02:18:00 PM

Mullen Automotive To Cut $170 Million In Costs Amid Weak EV Market

Mullen Automotive (NASDAQ: MULN) is set to dramatically cut its operations over the next twelve...

Monday, April 8, 2024, 09:06:08 AM

Mullen Automotive To Conduct 1 For 25 Reverse Split On May 4

Mullen Automotive (NASDAQ: MULN) is about to have a lot less shares outstanding. The firm...

Wednesday, May 3, 2023, 04:03:14 PM

The “Materially False And Misleading Statements” That Earned Mullen A Class Action Suit (And Are They Still Making Them)

A class action suit was filed against Mullen Automotive, Inc. (Nasdaq: MULN) on Monday claiming...

Tuesday, June 14, 2022, 10:40:00 AM

Mullen Automotive Declares It Won’t Conduct Another Financing In 2023 To Calm Investors

Mullen Automotive (NASDAQ: MULN) is flailing in an attempt to bolster investor confidence, announcing this...

Wednesday, June 21, 2023, 09:09:42 AM