Bollinger Motors Kicks Off Pilot Build On Its B4 All-Electric Chassis Cabs NOTE: Mullen Automotive, Inc. Owns Majority Of Bollinger Motors
Portfolio Pulse from Happy Mohamed
Bollinger Motors has started the pilot build of its B4 all-electric Class 4 chassis cabs in partnership with Roush Industries. The first five completed cabs are expected to roll out this summer, with another 15+ vehicles by the end of Q3 2023. Bollinger Motors is majority owned by Mullen Automotive, Inc. (NASDAQ:MULN). The Bollinger B4 will be eligible for a federal purchasing incentive of 30% of the cost of the vehicle, up to a total $40,000, through the Inflation Reduction Act of 2022. Deliveries are expected to begin in July 2024.
July 18, 2023 | 1:33 pm
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Mullen Automotive, the majority owner of Bollinger Motors, may see a positive impact from the start of the pilot build of the B4 all-electric Class 4 chassis cabs. The federal purchasing incentive could boost sales once deliveries begin in 2024.
The news of Bollinger Motors starting the pilot build of its B4 all-electric Class 4 chassis cabs is positive for Mullen Automotive, as it owns a majority stake in Bollinger. The federal purchasing incentive could increase the demand for these vehicles once they are available for delivery in 2024, potentially boosting Mullen's revenues and positively impacting its stock price.
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IMPORTANCE 70
RELEVANCE 80