Curated News
By: NewsRamp Editorial Staff
September 23, 2024
Mullen Automotive (NASDAQ: MULN) Provides Update on $210M Volt Mobility UAE Order
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- Mullen Automotive secures $210 million order for 300 electric vehicles in UAE, gaining a significant market foothold.
- Mullen Automotive's technical and sales team is overseeing delivery and initial market launch activities, ensuring a successful launch of 300 electric vehicles in UAE.
- Mullen Automotive's electric vehicles will contribute to a cleaner and more sustainable future in the Middle East, reducing emissions and promoting environmental conservation.
- Mullen Automotive is partnering with Volt Mobility to provide electric vehicles and essential charging equipment, shaping the future of transportation in the Middle East.
Impact - Why it Matters
This news matters because it highlights Mullen Automotive's expansion into the UAE market, a significant opportunity for the company to showcase its Class 1 and Class 3 electric vehicles. The partnership with Volt Mobility and the VoltiE Group demonstrates Mullen's commitment to global expansion and the growing demand for commercial EVs in the Middle East.
Summary
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is sharing an update regarding a Volt Mobility United Arab Emirates (“UAE”) order valued at up to $210 million. The order is for 300 Mullen Class 1 and Class 3 electric vehicles, and members of the company’s technical and sales team are on site in Dubai this week to oversee delivery and support initial market launch activities. Mullen is working with the Miami-based VoltiE Group to provide the EVs and essential charging equipment to Volt Mobility, a GCC-based vehicle transport and leasing company.
CEO David Michery emphasized the importance of the UAE market, stating, “UAE is a very important market and opportunity for us, and we made sure to have technical and sales team members in Dubai this week to meet Volt leadership to ensure and kick off a successful launch.”
Mullen Automotive Inc. is a Southern California-based automotive company building commercial electric vehicles at its U.S. vehicle plants, with recent expansions in dealer network and Foreign Trade Zone status approval.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Mullen Automotive (NASDAQ: MULN) Provides Update on $210M Volt Mobility UAE Order
