Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is featured in a recent Investorideas.com special report. Investorideas.com is a leading investor news resource covering EV and automotive stocks. According to the report, the global electric car market is valued at $105 billion this year and projected to reach more than $354 billion by 2028. The report noted Mullen’s plans, which were approved by the U.S. Bankruptcy Court, to acquire the assets of Electric Last Mile Solutions (“ELMS”) in an all-cash purchase. The acquisition will include ELMS’s manufacturing plant along with all inventory and intellectual property. The report also noted MULN’s acquisition of a controlling interest in EV truck innovator Bollinger Motors Inc. The first of MULN’s EV acquisitions, the Bollinger transaction places Mullen in the medium-duty truck space. According to the announcement, the ELMS manufacturing plant has previously produced General Motors Hummer H2 SUV and SUT and the Mercedes-Benz R-Class vehicle, making it an ideal facility for the production of the Mullen and Bollinger portfolio of consumer vehicles. Mullen’s most recent acquisition will accelerate the company’s launch of several upcoming vehicles as well as exceed its previous business plan projections. “The commercial portfolio is expected to increase over 50% with the addition of the ELMS assets and the retail portfolio is expected to more than double with the addition of Bollinger vehicles and the manufacturing capacity of Mishawaka,” the announcement stated.
To view the full press release, visit https://ibn.fm/4Ijmd
About Mullen Automotive Inc.
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. To learn more about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Green Car Stocks
Los Angeles, CA
www.GreenCarStocks.com
415.949.5050 Office
Editor@GreenCarStocks.com
Green Car Stocks is part of the InvestorBrandNetwork.
