---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Mullen Automotive

🌎 mullenusa.com

Mullen Automotive is a Southern California-based automotive company focused on building the next generation of electric vehicles (EVs). The company operates two manufacturing and assembly plants in the United States and has a diverse portfolio that includes commercial electric vehicles, supercars, and urban delivery EVs. Mullen has expanded its offerings through acquisitions, including Bollinger Motors and Electric Last Mile Solutions, enhancing its capabilities in the EV market.

---

Updates as of Oct 01, 2024

• Mullen Automotive's stock has a turnover rate of 111.03%.
• Mullen Automotive's recent stock buyback announcement has stirred the market despite ongoing cash burn and unresolved revenue issues.
• Mullen Automotive announced Papé as their seventh commercial EV dealer with 30 sales and service locations across the Western U.S.
• On September 24, 2024, Mullen Automotive CEO David Michery announced a video update for shareholders discussing new sales opportunities, vehicle orders, and a reverse stock split to regain NASDAQ compliance.
• Jacob Frenning has joined Mullen Automotive as Senior Director, Commercial Sales and Business Development in the United States, previously holding a position at another company.

• Papé Kenworth has placed a significant stocking order for Mullen Automotive's newest line of vehicles, according to Dave Laird, President at Papé.
• Mullen Automotive showcased their Mullen THREE electric truck at the EV Show Case on September 19 in Pleasanton, CA.
• Mullen Automotive is attending the Work Truck Exchange event from September 25-27, 2024, in Scottsdale, AZ to discuss their commercial EVs with fleet managers.
• Mullen Automotive CEO David Michery announced the expansion of their dealer network to seven dealers and the start of manufacturing the first customer-ready B4 electric trucks.

---

Did you find it useful?

If you liked this report, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.