Mullen Automotive Provides Timeline Update on US Government Ruling for Class 1 EV Cargo Vans
March 13 2024 - 9:30AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces an update on the U.S. Customs and Border Protection
(“CBP”) application for Class 1 EV cargo vans.
On March 5, 2024, U.S. Customs and Border Protection informed
Rapid Response Defense Systems (“RRDS”) counsel that a final
determination on the ruling request needs to be issued by the U.S.
General Services Administration (“GSA”).
Based on CBP advice, Mullen and RRDS are now proceeding
with the GSA in order to finalize qualification of Mullen
to sell Class 1 EV cargo vans to all branches of the U.S.
government.
“Mullen is well positioned to support the U.S. government’s goal
of transitioning its fleet to electric vehicles,” 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 timing of a response from GSA in order to
finalize qualification of Mullen to sell Class 1 EV cargo vans to
all branches of the U.S. government and the outcome of the Mullen
and Rapid Response Defense Systems application. 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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