What's Going On With Mullen Automotive Shares Today?

Zinger Key Points

Mullen Automotive secures an $825,000 order for five electric Bollinger B4 trucks to be converted into fire rescue vehicles by Spencer.
Bollinger Motors achieved EPA certification for its Class 4 B4 Chassis Cab, marking a milestone toward vehicle deliveries.
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Mullen Automotive, Inc. MULN shares are trading higher on Wednesday.

According to Benzinga Pro, MULN stock has lost over 98% in the past year.

Yesterday, the company revealed that its subsidiary Bollinger Motors will sell five all-electric Class 4 Bollinger B4 commercial trucks to Spencer Manufacturing.

Mullen said Spencer Manufacturing will upfit the five electric vehicles into fire rescue trucks, and the vehicle order is valued at approximately $825,000.

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Last month, Bollinger announced that it had received its Certificate of Conformity from the Environmental Protection Agency (EPA) for its Class 4 B4 Chassis Cab.

The Certificate of Conformity attainment is another important milestone for Bollinger Motors as it moves closer to delivering initial vehicles to customers.

In a press release dated July 2, the company revealed the first sale of its Mullen Commercial electric vehicles in Massachusetts through its new dealer partner, Eco Auto.

The initial delivery will go to a Massachusetts-based company offering custom home building, home renovations and maintenance, property management and painting services.

Price Action: MULN shares are trading higher by 1.58% to $2.255 at last check Wednesday.

Image: Courtesy of Mullen Automotive, Inc.

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