What's Going On With Mullen Automotive Stock Today?

Mullen Automotive, Inc. MULN shares are trading lower on Thursday.

Today, the company revealed that its subsidiary, Bollinger Motors, has appointed TEC Equipment as an authorized dealer.

This new partnership adds 20 select TEC sales and service locations to Bollinger Motors’ commercial EV dealer network, expanding its presence into the Western United States.

TEC Equipment, known for representing Volvo, Mack Trucks, and Wabash Trailers, primarily serves the I-5 corridor, covering major cities in California, Oregon, and Washington.

The new TEC dealers are located in Phoenix, Arizona; Dixon, Fontana, La Mirada, Lathrop, Oakland, San Diego, and San Francisco, California; Sioux City, Iowa; Omaha, Nebraska; Las Vegas and Reno, Nevada; Eugene, Medford, Portland, Redmond, and Wilsonville, Oregon; Sioux Falls, South Dakota; and Lacey and Seattle, Washington.

Bollinger Motors has recently announced several milestones. Production of the Bollinger B4 Chassis Cab is set to begin in September 2024. The company received the Certificate of Conformity from the Environmental Protection Agency.

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It has secured a 145-vehicle sale to Momentum Groups, a 50-vehicle sale to EnviroCharge, and a five-vehicle sale to Spencer Manufacturing. New dealers and service centers include Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group.

Price Action: MULN shares are trading lower by 7.39% to $0.2533 at last check Thursday.

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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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