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Stock impact report

Mullen Automotive Gears Up For US-Made Battery Production: Details [Yahoo! Finance]

Mullen Automotive, Inc. (MULN) 
Company Research Source: Yahoo! Finance
facility, which is focused on manufacturing next-generation, American-made battery packs and modules Mullen Automotive expects battery production at its Fullerton, California, facility to begin in mid-2025. The company has already installed three battery lines, which include a high-volume standard battery chemistry line, a high-precision low-volume standard chemistry R&D line, and a high-precision low-volume solid-state polymer R&D line. Mullen has planned two additional lines. One is a high-volume standard chemistry battery line scheduled to be added in December 2024, while the other is a fully automated, high-volume wire bonding line designed for use with multiple chemistries, which will be installed by February 2025. This initiative supports the company's zero-emission goals and reduces dependency on imported battery components. CEO and Chairman David Michery emphasized Mullen's commitment to producing batteries domestically, reinforcing its focus on sustainable, U.S.-bas Show less Read more
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