Curated News
By: NewsRamp Editorial Staff
June 10, 2025
Mullen Automotive Settles Legal Disputes, Focuses on EV Innovation
TLDR
- Mullen Automotive resolves legal disputes with GEM, transferring its Indiana plant to refocus on EV production, offering investors a clearer path to growth.
- Mullen Automotive settles with GEM by transferring its Mishawaka facility, satisfying a court judgment, and eliminating litigation to concentrate on operational objectives.
- Mullen Automotive's settlement and focus on EV production contribute to a greener future by advancing commercial electric vehicle availability and technology.
- Mullen Automotive turns a legal settlement into an opportunity to accelerate its EV production, marking a pivotal step in the green automotive revolution.
Impact - Why it Matters
This news is crucial for investors and stakeholders in the electric vehicle (EV) sector, as it highlights Mullen Automotive's ability to overcome legal hurdles and refocus on its mission to lead in commercial EV production. The settlement and subsequent operational advancements underscore the company's resilience and commitment to innovation, offering potential growth opportunities in the rapidly expanding EV market. For consumers and businesses, Mullen's progress means more access to certified, tax-credit-eligible commercial EVs, contributing to the broader adoption of sustainable transportation solutions.
Summary
Mullen Automotive (NASDAQ: MULN) has reached a significant milestone by finalizing a settlement with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS, effectively resolving all pending legal disputes. This agreement involves Mullen transferring full ownership of its Mishawaka, Ind. manufacturing facility to GEM, thereby satisfying a previous federal court judgment. This resolution not only concludes all related litigation but also enables Mullen to concentrate on its primary operational objectives, including the production of commercial electric vehicles (EVs). The company has made notable progress in the EV sector, with its Mullen ONE and Mullen THREE models receiving CARB and EPA certifications, and the expansion of its commercial dealer network. For more details, visit the full press release.
Mullen Automotive, a Southern California-based automotive company, is at the forefront of the next generation of commercial EVs, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana. The company's achievements include IRS approval for federal EV tax credits and the CARB-issued HVIP approval for its Mullen THREE, Class 3 EV truck, offering significant savings to eligible customers. With a growing dealer network and Foreign Trade Zone status for its Tunica facility, Mullen is poised for further growth in the competitive EV market. Discover more about Mullen's innovative solutions at www.MullenUSA.com.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Mullen Automotive Settles Legal Disputes, Focuses on EV Innovation
