Mullen Acquires Battery Pack Production Assets From Romeo Power For ~$3.5M
Portfolio Pulse from Benzinga Newsdesk
Mullen Technologies has acquired battery pack production assets from Romeo Power for approximately $3.5 million.
September 11, 2023 | 3:03 pm
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POSITIVE IMPACT
Mullen Technologies' acquisition of battery pack production assets from Romeo Power could potentially enhance its production capabilities and product offerings.
The acquisition of battery pack production assets could potentially enhance Mullen Technologies' production capabilities and product offerings, which could lead to increased revenues and profitability in the future. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100