Mullen Automotive' JV Technology Bumps Up EV Performance, Test Results Show

Mullen Automotive Inc MULN revealed the test results of its recently acquired joint venture technology which can improve electric vehicle (EV) performance by boosting the range by 60-70%.
Element Materials Technology results showed that the Energy Management Module (EMM) technology significantly increases any EV battery's driving range.
A high-volume OEM electric vehicle tested by Element led to an increase in range from 269 to 431 miles.
The range boost indicates a 60% improvement in efficiency.
EMM technology was also tested on Mullen's Class 1 EV Cargo Van and showed a 75% increase in range with 42-kWh lithium-ion battery pack.
U.S. provisional patent application has been filed covering the technology.
The EMM technology is being integrated into the final stages of product development.
Also Read: Mullen Automotive Adopts Solid-State Polymer Battery Technology To Boost Range
Price Action: MULN shares are trading higher by 18.30% at $0.10 on the last check Friday.