Mullen Automotive issues letter to shareholders

Company on track to meet 2022 operational goals and milestones, anticipating delivery of the first EV cargo van fleet vehicles in Q2 2022.

Mullen summarizes and highlights recent accomplishments. Company on track to achieve 2022 goals.
Mullen summarizes and highlights recent accomplishments. Company on track to achieve 2022 goals.
Mullen Automotive

Posted by Jake Kauffman, Senior Editor - Manufacturing Group

Published April 22, 2022

Mullen Automotive, Inc., an electric vehicle (EV) manufacturer, announces recent highlights and accomplishments for the Company, Mullen FIVE and EV Van Crossover Programs.

“Mullen has made solid progress since going public on Nov. 5, 2021. Below are the summarized highlights and accomplishments,” says David Michery, CEO and chairman of Mullen Automotive.

Recent Highlights and Accomplishments

  • Mullen is on track to deliver the first EV cargo van fleet vehicles in Q2.
  • High-performance versions of the Mullen FIVE are due to arrive in late summer 2022. National test drive event for Mullen “Front Row” reservation holders to be announced on future date.
  • Mullen has successfully filed over 120 patents in 24 countries for the Mullen FIVE EV Crossover.
  • Mullen’s purchase of Tunica’s AMEC manufacturing facility. Company owns this facility free and clear, with no associated debt or financial obligations on the property.
  • World debut of the Mullen FIVE on Nov. 17, 2021, at the Los Angeles International Auto Show.
  • Mullen FIVE won the best SUV ZEVAS (Zero Emission Vehicle) Award at the 2021 Los Angeles International Auto Show, besting both Lincoln and Rivian for the top honor.
  • Recently earned media coverage of Mullen in over 40 publications, including Automotive News, Wards Auto, Bloomberg, Barron’s, InsideEVs, Robb Report, HotCars and Carbuzz.
  • Successful completion of extensive consumer EV market study revealing Mullen FIVE scored high against Tesla Model Y and Ford Mach-E.

Mullen announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and Over the Air (OTA) and vehicle system diagnostics respectively. The Company expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and least amount of time. Mullen FIVE was also named "Top Zero Emission SUV" by the ZEVA Awards at the Los Angeles International Show in November 2021, where it made its debut.

The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly Different” and exciting to experience in person.

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