Mullen Automotive Publicizes Addition of Detroit EV Expertise Staff

Mullen Automotive, Inc.

Staff will concentrate on EV expertise growth for Mullen’s portfolio of business vans

New EV staff introduced for Detroit Metro Space

Team to focus on Mullen’s commercial van development.

Staff to concentrate on Mullen’s industrial van growth.

BREA, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) — through InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Firm”), an rising electrical car (“EV”) producer, declares the opening of a brand new EV Expertise staff, specializing in creating EV applied sciences for Mullen’s portfolio of business vans.

Positioned in Pontiac, Michigan, and centrally positioned to all automotive sources the Motor Metropolis Space has to supply, the EV Expertise staff shall be house to a brand new division of engineers and expertise builders targeted on Mullen’s Class 1 – 5 industrial car growth. This “Detroit Tech Middle” and its EV Expertise staff will play a essential function in Mullen’s aim of creating extremely environment friendly EV expertise that makes use of much less power consumption whereas providing higher car ranges and energy. Mullen has already introduced on shut to twenty new hires and expects to have upwards of fifty staff by the tip of this yr.

The Detroit Tech Middle would be the fifth location opened by Mullen and follows the just lately introduced Irvine Automotive Middle, positioned in Irvine, California.  Different Mullen amenities embrace the Superior Manufacturing and Engineering Middle based mostly outdoors Tunica, Mississippi, and Mullen’s Excessive Voltage facility Iocated in Monrovia, California.  Mullen’s Company Headquarters is predicated in Brea, California.

“Detroit is a pure spot for us for all the appropriate and apparent causes. A majority of our present companions are based mostly in Detroit, so opening this middle made good sense for our ongoing and future industrial van growth,” mentioned David Michery, CEO and chairman of Mullen Automotive. “It’s nice timing for us as lots of the different EV corporations are lowering their groups and we’re rising at a fast fee.”

Mullen’s EV growth portfolio contains the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans, and the DragonFLY Sports activities Automotive. Mullen just lately introduced the “Strikingly Completely different” U.S. Take a look at Drive Tour for the Mullen FIVE EV Crossover, masking 19 cities throughout the U.S. The tour will start this fall in Southern California and work its manner all through the U.S. Additional particulars could be discovered right here, or place your Mullen FIVE reservation right here.

About Mullen
Mullen is a Southern California-based automotive firm that owns and companions with a number of synergistic companies working towards the unified aim of making clear and scalable power options. Mullen has developed over the previous decade in sync with shoppers and expertise tendencies. As we speak, the Firm is working diligently to offer thrilling EV choices constructed fully in the USA and made to suit completely into the American shopper’s life. Mullen strives to make EVs extra accessible than ever by constructing an end-to-end ecosystem that takes care of all elements of EV possession.

Ahead-Wanting Statements
Sure statements on this press launch that aren’t historic information are forward-looking statements inside the that means of Part 27A of the Securities Change Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Phrases resembling “proceed,” “will,” “might,” “may,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “imagine,” “estimate,” “predict,” “potential” and related expressions are meant to establish such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, a lot of that are typically outdoors the management of Mullen and are tough to foretell. Examples of such dangers and uncertainties embrace however will not be restricted as to if the Detroit Tech Middle shall be utilized by the Firm as meant or play a essential function within the growth of Mullen’s automobiles, whether or not the Detroit Tech Middle can have upwards of fifty staff by the tip of this yr and whether or not the “Strikingly Completely different” U.S. Take a look at Drive Tour will happen as contemplated. Extra examples of such dangers and uncertainties embrace, however will not be restricted to: (i) Mullen’s capacity (or incapacity) to acquire further financing in ample quantities or on acceptable phrases when wanted; (ii) Mullen’s capacity to take care of current, and safe further, contracts with producers, components and different service suppliers referring to its enterprise; (iii) Mullen’s capacity to efficiently broaden in current markets and enter new markets; (iv) Mullen’s capacity to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the flexibility to draw and retain certified staff and key personnel; (vii) antagonistic results of elevated competitors on Mullen’s enterprise; (viii) adjustments in authorities licensing and regulation that will adversely have an effect on Mullen’s enterprise; (ix) the chance that adjustments in shopper conduct may adversely have an effect on Mullen’s  enterprise; (x) Mullen’s capacity to guard its mental property; and (xi) native, trade and basic enterprise and financial situations. Extra components that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements could be present in the latest annual report on Kind 10-Ok, quarterly experiences on Kind 10-Q and present experiences on Kind 8-Ok filed by Mullen with the Securities and Change Fee. Mullen anticipates that subsequent occasions and developments might trigger its plans, intentions and expectations to vary. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as expressly required by legislation. Ahead-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

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

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Workplace
[email protected]

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