Mullen Submits Updated Plan to DOE for Grant Funding Opportunity in US Battery Materials Processing, Requesting $55M in Funding
Mullen Automotive, Inc. (MULN)
Company Research
Source: GlobeNewswire
On Dec. 17, 2024, Mullen Automotive submitted a modified plan to the DOE that incorporates its facilities in Mishawaka, Indiana, and Fullerton, California, for U.S.-based battery and pack production. Mullen is in position to transition to manufacturing and assembly of high-voltage and low-voltage battery systems in the United States. Mullen has made substantial investments and strategic decisions that underscore the Company’s commitment to advancing U.S. manufacturing. Mullen has invested $12 million to date to further battery and pack development and manufacturing, and will invest an additional $43 million in support of U.S. production. In total, Mullen is seeking $55 million in matching DOE funds to support the U.S. manufacturing capabilities and to expand production in response to global demand. Mullen investments include strategic acquisitions, including assets from Romeo Power and Nikola for battery pack production, and key infrastructure investments designed to increase
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News
- Westland Floral Purchases Mullen Class 3 EV Trucks for Southern California Landscaping FleetGlobeNewswire
- Mullen Submits Updated Plan to DOE for Grant Funding Opportunity in US Battery Materials Processing, Requesting $55M in Funding [Yahoo! Finance]Yahoo! Finance
- Mullen Announces 100 Class 1 and Class 3 EV Shipments with Sales Totaling $5.5M Through Dec. 18, While Reducing Company Burn to $5.3M Monthly Compared to $16.8M in August 2024GlobeNewswire
- Mullen Subsidiary, Bollinger Motors, Announces Class 4 All-Electric Truck Generates Over $4 Million in Post-Production Launch SalesGlobeNewswire
- BOLLINGER MOTORS GROWS EAST COAST PRESENCE SIGNING BERGEY'S TRUCK CENTERS TO ITS SALES AND SERVICE NETWORKPR Newswire
MULN
Sec Filings
- 12/19/24 - Form 8-K
- 12/13/24 - Form 8-K
- 12/13/24 - Form 4
- MULN's page on the SEC website