Mullen Automotive, Inc.

Group will deal with EV expertise growth for Mullen’s portfolio of economic vans

New EV staff introduced for Detroit Metro Space

Team to focus on Mullen’s commercial van development.

Group to deal with Mullen’s business van growth.

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

Positioned in Pontiac, Michigan, and centrally situated to all automotive assets the Motor Metropolis Space has to supply, the EV Expertise staff can be residence to a brand new division of engineers and expertise builders targeted on Mullen’s Class 1 – 5 business automobile growth. This “Detroit Tech Middle” and its EV Expertise staff will play a essential position in Mullen’s aim of creating extremely environment friendly EV expertise that makes use of much less vitality consumption whereas providing higher automobile ranges and energy. Mullen has already introduced on shut to twenty new hires and expects to have upwards of fifty workers by the tip of this 12 months.

The Detroit Tech Middle would be the fifth location opened by Mullen and follows the lately introduced Irvine Automotive Middle, situated in Irvine, California.  Different Mullen services embrace the Superior Manufacturing and Engineering Middle primarily based exterior 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 correct and apparent causes. A majority of our present companions are primarily based in Detroit, so opening this heart made good sense for our ongoing and future business 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 decreasing their groups and we’re rising at a speedy charge.”

Mullen’s EV growth portfolio consists of the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans, and the DragonFLY Sports activities Automotive. Mullen lately introduced the “Strikingly Totally different” U.S. Check Drive Tour for the Mullen FIVE EV Crossover, protecting 19 cities throughout the U.S. The tour will start this fall in Southern California and work its approach all through the U.S. Additional particulars will 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 vitality options. Mullen has developed over the previous decade in sync with shoppers and expertise developments. At this time, the Firm is working diligently to supply thrilling EV choices constructed fully in america 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 features of EV possession.

Ahead-Wanting Statements
Sure statements on this press launch that aren’t historic information are forward-looking statements throughout the which means of Part 27A of the Securities Alternate 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 reminiscent of “proceed,” “will,” “might,” “may,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “imagine,” “estimate,” “predict,” “potential” and comparable expressions are supposed to determine 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 usually exterior the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embrace however aren’t restricted as to whether the Detroit Tech Middle can be utilized by the Firm as supposed or play a essential position within the growth of Mullen’s automobiles, whether or not the Detroit Tech Middle can have upwards of fifty workers by the tip of this 12 months and whether or not the “Strikingly Totally different” U.S. Check Drive Tour will happen as contemplated. Extra examples of such dangers and uncertainties embrace, however aren’t restricted to: (i) Mullen’s skill (or incapacity) to acquire further financing in adequate quantities or on acceptable phrases when wanted; (ii) Mullen’s skill to keep up current, and safe further, contracts with producers, elements and different service suppliers referring to its enterprise; (iii) Mullen’s skill to efficiently develop in current markets and enter new markets; (iv) Mullen’s skill 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 power to draw and retain certified workers and key personnel; (vii) opposed results of elevated competitors on Mullen’s enterprise; (viii) adjustments in authorities licensing and regulation which will adversely have an effect on Mullen’s enterprise; (ix) the danger that adjustments in shopper habits may adversely have an effect on Mullen’s  enterprise; (x) Mullen’s skill to guard its mental property; and (xi) native, business and common enterprise and financial circumstances. Extra components that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements will be present in the newest annual report on Type 10-Okay, quarterly reviews on Type 10-Q and present reviews on Type 8-Okay filed by Mullen with the Securities and Alternate Fee. Mullen anticipates that subsequent occasions and developments might trigger its plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as expressly required by regulation. 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
Editor@InvestorWire.com

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