What's Going On With Mullen Automotive Stock Today?

Mullen Automotive, Inc. MULN shares are trading higher on Wednesday.

The company announced that its unit, Bollinger Motors, plans to start producing saleable Bollinger B4 Chassis Cabs on September 16, 2024. Deliveries and revenue for the B4 EV truck are anticipated to commence in October 2024.

“This is an exciting time in Bollinger Motors’ history, as it takes a monumental team effort to go from start-up to production in the timeframe we have achieved,” said Bryan Chambers, president of Bollinger Motors. 

The Bollinger B4 Chassis Cab has been developed with significant input from fleets and upfitters.

Also Read: EV Truck Maker Mullen Automotive Announces $825K Deal

Bollinger Motors has created a purpose-built EV chassis that houses and shields the 158-kWh battery pack and components, with capability and safety for the commercial sector.

Unlike other electric vehicles that use outboard-mounted batteries on repurposed internal combustion engine (ICE) chassis, which can leave the batteries vulnerable, the B4 offers a more secure solution, Mullen Automotive said.

Bollinger Motors is partnering on production with Roush Industries, which provides contract manufacturing services from its facility in Livonia, Michigan. 

“We are confident that we are bringing them a truck that will reward their trust and help transform their business. We cannot wait to get the B4 on the road, electrifying America’s fleets,”  said Jim Connelly, chief revenue officer of Bollinger Motors.

Price Action: MULN shares are trading higher by 8% to $0.2619 at last check Wednesday.

Photo via Company

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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