BREA, Calif., Dec. 20, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today a successful close to the 2022 Mullen FIVE Strikingly Different Test Drive Tour. Mullen closed out the 2022 tour on Dec. 16 in Charlotte, North Carolina, at the Charlotte Motor Speedway after completing stops in nine U.S. cities.
Mullen kicked off the “Strikingly Different” tour on Oct. 27 at the Rose Bowl in Pasadena, California. In total, the Mullen FIVE EV Crossover tour visited nine different U.S. cities throughout the West Coast, Southern and southeastern parts of the country. U.S. cities visited included the following:
Rose Bowl | Pasadena, CA
Angel Stadium | Anaheim, CA
Las Vegas Motor Speedway | Las Vegas, NV
Globe Life Field | Dallas, TX
Minute Maid Park | Houston, TX
Wolfchase Galleria | Memphis, TN
loanDepot Park| Miami, FL
Atlanta Motor Speedway | Atlanta, GA
Charlotte Motor Speedway | Charlotte, NC
In spring 2023, Mullen will launch the second leg of the “Strikingly Different” Tour with a focus on the East Coast, Northwest and Midwest before finishing up in northern California in summer 2023. The second leg of the tour will feature the Mullen FIVE RS, which is a high-performance EV sport crossover featuring 1,100 horsepower, a top speed of 200 mph and acceleration from 0-60 mph in just 1.9 seconds.
“We had tremendous success on the first leg of the Mullen FIVE tour,” said David Michery, CEO and chairman of Mullen Automotive. “Every location sold out, and we received overwhelmingly positive feedback on the Mullen FIVE. I want to personally thank everyone who came out, often in not the best weather, to visit with us and experience the FIVE in person. Thank you all very much.”
Mullen 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 Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. The Mullen FIVE, the Company's first electric crossover, is slated for delivery in 2025 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. 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 all 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.
Certain 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 whether the second leg of the tour will take place as contemplated and, if so, whether it will include the Mullen FIVE RS. Further examples of such risks and uncertainties include but are not limited to: (i) whether the commercial product launches will materialize within the slated timelines; (ii) whether Mullen’s vehicles will perform according to contemplated specifications; (iii) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen’s ability to successfully expand in existing markets and enter new markets; (vi) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (x) changes in government licensing and regulation that may adversely affect Mullen’s business; (xi) the risk that changes in consumer behavior could adversely affect Mullen’s business; (xii) Mullen’s ability to protect its intellectual property; and (xiii) local, industry and general business and economic conditions. 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.
Mullen Automotive, Inc.
+1 (714) 613-1900
Los Angeles, California