Mullen Automotive, Inc., an emerging player in the electric vehicle (EV) sector, has provided a production update on its Class 3 EV cab chassis trucks and Class 1 EV cargo vans. For 2023, Mullen is set to manufacture 150 Class 3 EV trucks and will commence Class 1 EV cargo van production in Q4 2023.
Why It Matters
As the electric vehicle market grows, timely updates on production schedules and capacities become crucial for stakeholders, investors, and consumers. Mullen’s announcement reinforces their commitment to timely deliveries and production capabilities.
Key Points
- 2023 Production:
- 150 Class 3 EV cab chassis trucks.
- Commencement of Class 1 EV cargo van production in Q4 2023 with an estimated 300 vehicles.
- 2024 Production:
- Production of 850 Class 3 EV cab chassis trucks, completing the 1,000-truck order for Randy Marion Automotive Group (RMA).
- Production plan for 6,000 Class 1 EV cargo vans.
- Facility Capacities:
- Class 3 production capacity at the Tunica facility stands at 3,000 vehicles annually per shift.
- Class 1 production capacity at the same facility is set for 10,000 vehicles annually per shift. Mullen plans to add a second shift to double this capacity as EV adoption grows.
- Deliveries: The first ten Class 3 vehicles were successfully delivered to RMA on September 28, 2023.
Bottom Line
Mullen’s production strategy aligns well with current purchase orders, ensuring they can meet existing demands while still retaining significant capacity for future orders. David Michery, CEO of Mullen Automotive, expressed confidence in the company’s production progress and readiness to accommodate further customer demands.
