Curated News
By: NewsRamp Editorial Staff
November 22, 2024
Mullen Automotive Provides Update on Domestic Battery Operations and Expansion of Commercial Dealer Network
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- Mullen's focus on producing next-generation battery packs domestically gives them an advantage in the electric vehicle market.
- Mullen Automotive is building commercial electric vehicles with two US-based vehicle plants and received IRS approval for federal EV tax credits.
- Mullen's commitment to zero emissions and American-made battery technology supports broader sustainability goals, making the world a better place.
- Mullen Automotive is expanding its commercial dealer network and recently received Foreign Trade Zone status approval, providing various benefits.
Impact - Why it Matters
This news matters as it highlights Mullen Automotive's commitment to sustainable, American-made battery technology, reducing reliance on imported components. The expansion of the commercial dealer network and IRS approval for federal EV tax credits also signal growth and potential opportunities for customers and investors.
Summary
Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, provided an update on its Fullerton, California, battery operations, focusing on producing next-generation battery packs and modules domestically. CEO and Chairman David Michery emphasized the company's mission to transition to American-made battery technology as part of its broader sustainability goals. The company has also expanded its commercial dealer network and received IRS approval for federal EV tax credits on its commercial vehicles.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Mullen Automotive Provides Update on Domestic Battery Operations and Expansion of Commercial Dealer Network
