Mullen Automotive Confirmed That It Does Not Have Any Existing, Nor Does It Intend To In The Future Enter Into Any, Agreement Or Arrangement With Hardge Or EVT
Portfolio Pulse from Charles Gross
Mullen Automotive Inc. has confirmed that it has no existing or future plans for any agreement or arrangement with Lawrence Hardge or Global EV Technology, Inc. and EV Technology, LLC (EVT). The company had previously terminated an agreement with these parties regarding the development and licensing of certain technology to extend effective battery life. Mullen Automotive has agreed to allow Hardge to test his units on two of the company's vehicles at an EPA certified test facility, but no testing dates have been scheduled.
October 04, 2023 | 10:05 am
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Mullen Automotive's confirmation of no existing or future agreements with Lawrence Hardge or EVT may impact investor sentiment. The terminated agreement was related to battery life technology, a key aspect in the EV industry.
The termination of the agreement with Hardge and EVT, which was focused on battery life technology, could be seen as a negative by investors. Battery life is a critical aspect in the EV industry, and the termination of this agreement could potentially impact Mullen Automotive's competitive position in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100