Mullen Delivers 50 Additional Class 1 EV Cargo Vans To Randy Marion Automotive Group Invoiced At $1,681,750; To Date, Mullen Has Delivered 100 Class 1 Cargo Vans Invoiced For A Total Of $3,363,500
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. has delivered an additional 50 Class 1 EV cargo vans to Randy Marion Automotive Group, invoiced at $1,681,750. This brings the total number of vans delivered to 100, with an invoiced amount of $3,363,500. Mullen is on track to deliver 285 Class 1 vehicles by January 8, 2024. The Mullen ONE vans are produced in Mississippi and are designed for last-mile delivery with a 110-mile range and best-in-class features.
January 02, 2024 | 2:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mullen Automotive has successfully delivered 50 additional Class 1 EV cargo vans to Randy Marion Automotive Group, totaling 100 deliveries worth $3,363,500. The company is on schedule to deliver 285 vehicles by early 2024, indicating strong production capabilities and revenue generation.
The news of Mullen Automotive's additional deliveries and the achievement of their delivery targets is a positive indicator of the company's operational performance and revenue growth. This is likely to be viewed favorably by investors and could lead to a short-term positive impact on MULN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100