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Mullen Automotive has unveiled POWER BOOST, a groundbreaking battery exchange initiative, allowing existing Class 1 EV cargo van customers to upgrade from lithium-ion to solid-state polymer battery packs, enhancing their vehicle range to over 200 miles. Production for the updated vans is set for the latter half of 2025.
Key Highlights:
- Program Name: POWER BOOST
- Target Customers: Existing Class 1 EV cargo van users
- Battery Upgrade: From lithium-ion to solid-state polymer
- Range Increase: From 110 miles to over 200 miles
- Production Start: Second half of 2025
“We value the investment and confidence that our customers place in our vehicles,” said David Michery, chairman and CEO of Mullen Automotive. “As we hit new milestones, we are committed to sharing our technological advancements with all our early adopters and this battery exchange program will allow customers the opportunity to upgrade to our solid-state pack.”
In February 2024, Mullen announced that it began Class 1 EV cargo van road testing with the integrated solid-state polymer battery pack. Mullen continues to achieve significant milestones in integrating solid-state polymer battery packs into the Mullen ONE, Class 1 cargo van. Recent progress includes the Company identifying lead suppliers for development and components and issuing initial purchase orders in support of this pivotal program.
The Mullen ONE, Class 1 EV cargo van equipped with the solid-state polymer pack is scheduled for production in the second half of 2025. The solid-state polymer battery pack is expected to extend the range of the Mullen ONE from 110 miles to over 200 miles.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. Recently, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, providing up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.
To learn more about the Company, visit www.MullenUSA.com.
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