Mullen Automotive Gears Up For US-Made Battery Production: Details

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Zinger Key Points
  • Mullen Automotive expects battery production at its California facility to begin in mid-2025, advancing U.S. manufacturing.
  • New lines include high-volume and solid-state battery R&D setups, supporting zero-emission and domestic sourcing goals.

Mullen Automotive, Inc. MULN shares are trading higher on Thursday. The company provided an update on its Fullerton, California battery 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.-based manufacturing.

Last week, the company announced that the Bollinger Motors 2025 Bollinger B4 truck qualified for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).

Under HVIP, the 2025 Bollinger B4 EV truck, with a suggested MSRP of $158,758, now qualifies for up to a $60,000 cash voucher. When added to the available $40,000 federal tax credit, the net effective cost of the B4 could be less than $59,000.

Price Action: MULN shares are up 10.6% at $2.98 at the last check Thursday.

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