Mullen Automotive Ships Initial 3,000 EV Vans and Trucks to Volt Mobility in UAE

Mullen Automotive Ships Initial 3,000 EV Vans and Trucks to Volt Mobility in UAE

Key Takeaways (TLDR)

• Volt Mobility has purchased 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks to be delivered over a 16-month period.

• Mullen Automotive has begun commercial vehicle production in Tunica, Mississippi, and received IRS approval for federal EV tax credits.

• The partnership between Mullen and Volt Mobility will deliver sustainable transportation solutions to customers worldwide.

• Mullen Automotive's expansion into Europe and its partnership with Volt Mobility mark major milestones in global commercial EV business growth.

Why it Matters

This news matters because it represents a significant step for Mullen Automotive in expanding its global reach and providing sustainable transportation solutions. It also highlights the growing demand for commercial EVs in the international market.

Summary

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has announced the initial shipment of 3,000 EV cargo vans and trucks to fulfill a $210 million purchase contract with Volt Mobility in the UAE. This marks a major milestone for Mullen as it continues to grow its commercial EV business globally and deliver sustainable transportation solutions to customers worldwide.

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