Mullen’s Tunica Plant Ready for Upcoming Assembly of EV Cargo Vans
October 12 2021 - 8:30AM
via InvestorWire -- Mullen Automotive, Inc. (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer, which
previously announced a definitive stock-for-stock reverse merger
agreement with Net Element, Inc. (NASDAQ: NETE) in which Mullen’s
stockholders will receive a majority of the outstanding stock in
the post-merger company, today announced its Tunica, Mississippi,
Advanced Manufacturing and Engineering Center (AMEC) is now ready
to begin assembly of Class 1 and Class 2 EV Cargo vans.
The plant renovations included a full revamp of an automated
skillet line with an overhead hanger section, allowing Mullen
assembly technicians to work flawlessly as the vans are assembled
moving down the line. There is ample room to produce and scale up
to meet demand, and there have also been areas created for offline
sub-assemblies, quality checks and road testing. The facility
grounds allow for future additions to be added to keep up with
growing customer demand for these types of electric vehicles.
“AMEC has been undergoing a much-needed overhaul to ready it for
the start of production. Since March of this year, we have had
workers preparing much of the 124,000-square-foot facility for
production readiness,” said Trey Agner, director of operations at
Mullen Automotive’s Tunica, Mississippi, manufacturing plant. “We
have completed the modifications, retrofitting and plant readiness
of the facility on time and on schedule.”
“It has been gratifying to see the hard work, agility and
determination demonstrated on this project by the Mullen team in a
very short amount of time,” said David Michery, CEO and chairman of
Mullen Automotive. “The infrastructure, talent and close proximity
to the freight capital of the world allows Mullen Automotive to be
in the ideal position to be a top player in the EV automotive
sector.”
Mullen’s Class 1 EV cargo van (CarGO®) is based on a 120-inch
wheelbase, 40-kWh battery pack, rear-wheel drive and modular
210-cubic-foot cargo area. Vehicle range is estimated at 160 miles,
with a max payload of 2,249 pounds. Mullen’s Class 2 EV van (ONE®)
is based on a 144-inch wheelbase, 78.8-kWh battery pack, rear-wheel
drive and modular 460-cubic-foot cargo area. Vehicle range is
estimated at over 200 miles, with a max payload of 3,296 pounds.
Both EV vans are built on similar skateboard platforms that allow
for modular cargo areas that can be easily adapted to different
client configuration requirements.
Mullen will debut its FIVE Crossover this coming November at the
Los Angeles International Auto Show. The vehicle will be displayed
in the South Hall (Booth S-101) of the Los Angeles Convention
Center between Nov. 17-28, 2021.
About Mullen:
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.
Forward-Looking Statements This press release
contains "forward-looking statements." Words such as "may,"
"should," "could," "would," "predicts," "potential," "continue,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar expressions, as well as statements in
future tense, often signify forward-looking statements. These
forward-looking statements include, without limitation, statements
relating to the reverse merger, the Nasdaq approval process and
proposed debut date of the Mullen FIVE (formerly MX-05) midsize
crossover. These forward-looking statements are, by their nature,
subject to significant risks and uncertainties.
Forward-looking statements should not be read as a guarantee of
future performance or results and may not be accurate indications
of when such performance or results will be achieved.
Forward-looking statements are based on information that the
Company has when those statements are made or management's good
faith belief as of that time with respect to future events and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements, including factors
beyond the Company's control. As a result of these and other risks,
uncertainties and assumptions, forward-looking events and
circumstances discussed herein might not occur in the way the
Company expects or at all. Accordingly, readers should not place
reliance on any forward-looking information or statements. The
Company assumes no obligation to publicly update or revise its
forward-looking statements as a result of new information, future
events or otherwise. All forward-looking statements herein are
qualified by reference to the cautionary statements set forth in
this section.
Contact:
Mullen Automotive, Inc. +1 (714) 613-1900 www.MullenUSA.com
For more information, please visit
https://www.mullenusa.com/.
Wire Service Contact InvestorWire (IW) Los
Angeles, California www.InvestorWire.com 212.418.1217 Office
Editor@InvestorWire.com
- Mullen Announces Tunica Plant Is Ready for EV Cargo Vans
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