MULN Mullen Automotive Inc

via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the Company began Class 1 EV cargo van road testing with the integrated solid-state polymer battery pack. Vehicle road testing began on Feb. 26, 2024, at Mullen’s Commercial Tech Center in Troy, Michigan. Video of Class 1 EV cargo van integrated with solid-state polymer battery pack testing can be viewed on MullenUSA.com. 

Mullen’s latest phase of solid-state polymer battery testing began in January with installation of the battery pack into the Class 1 EV cargo van for testing of system compatibility between the vehicle and pack. Recent performance testing has included on-road drive cycles as well as Dyno testing at an EPA certified lab located in Northville, Michigan.

Due to higher energy density of the solid-state battery, the total pack energy increased from 42 kWh to 72 kWh. The initial test results met or exceeded all requirements targeted for first drive cycles for energy usage and the driving range. It was estimated that the range would be increased from 110 miles to 190 miles and the first real-world tests exceeded those projections.

“The first road test has resulted in significant gains in vehicle range. Additional testing over time will solidify a solid-state solution for our commercial vehicles. Next steps include finalizing our design and manufacturing validation,” said David Michery, CEO and chairman of Mullen Automotive.

About MullenMullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking StatementsCertain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to the results of the solid-state polymer pack level testing for the Class 1 EV, anticipated further results for ongoing road testing with the solid-state battery packs in the Class 1 EV; whether the projected LFP range increase and other performance specifications will materialize and whether the Company’s EV battery development and production initiatives will prove successful. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:Mullen Automotive, Inc.+1 (714) 613-1900www.MullenUSA.com

Corporate Communications:InvestorBrandNetwork (IBN) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com

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• Pictured: Mullen ONE, Class 1 EV Cargo Van