The stock Mullen Automotive Inc (MULN) closed the regular trading session at $0.68, gaining 11.15% from the previous trading session. The stock of MULN remained bullish in the pre-market, gaining 54.06% to $1.06. The gain in the stock price came after the company was featured by WardsAuto. Ward’s is an American firm that covers the auto business for 80 years, now.
News
On 24 February 2022, MULN broadcasted the latest publication by WardsAuto. The publication underlines the future plans of Mullen’s. This publication acted as a catalyst for the share price. The CEO of MULN, David Michery, stated that they are glad and grateful that industry chiefs like Wards are beginning to cover the EV exertion at Mullen. He also stated they had an incredible discussion about the enormous plans they have for FIVE electric vehicles.
Mullen Automotive has reported collaboration with key organizations such as hofer powertrain, Comau, and DSA Systems. This collaboration aims towards EV powertrain, development, and Over the Air (OTA) testing. The company anticipates that these improvements should assume a critical part in putting up the FIVE for sale to the public. Mullen FIVE was also named “Top Zero Emission SUV” at the ZEVA awards in an international auto show in November 2021. Moreover, the FIVE is based on an electric vehicle hybrid skateboard programme.
Moreover, on 17 February 2022, MULN proceeded with a letter to its investors. The letter underlines the performance of the firm. MULN is ready to launch its first electric vehicle cargo van expected in Q2. The superior performance adaptations of Mullen FIVE to show up later in summer 2022. The company has also filed for 120 patents. Also, successful finishing of broad customer study regarding EV market. Mullen FIVE scored high against Tesla Model Y and Ford Mach-E.
About MULN
Mullen Automotive Inc (MULN) is an EV organization. The firm is occupied with giving EV choices made to fit flawlessly for the consumer. Further, MULN has a market capitalization of $16.10 million and has 23.40 million pending stocks. The company has its base in Brea, California, United States of America (USA).
