Mullen Hits Class 3 Delivery Target With 141 Class 3's Delivered To Randy Marion Automotive Group; Total Invoiced Amount Of $9,196,021
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. (NASDAQ:MULN) has achieved its 2023 delivery target for Class 3 electric vehicles by building 154 units and delivering 141 to Randy Marion Automotive Group, invoicing a total of $9,196,021. The remaining 13 vehicles are allocated for engineering and marketing. The Mullen THREE, a Class 3 EV truck, is designed for urban last-mile delivery with a 125-mile range and over 5,300 pounds of payload. Production takes place in Tunica, Mississippi, where Mullen also assembles the Class 1 EV cargo van, Mullen ONE.
January 03, 2024 | 2:52 pm
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Mullen Automotive successfully delivered 141 Class 3 electric trucks to Randy Marion Automotive Group, meeting its 2023 target and invoicing over $9 million.
Meeting delivery targets and achieving significant sales figures are positive indicators for a company's performance. This news reflects Mullen Automotive's ability to fulfill orders and generate revenue, which is likely to be viewed positively by investors. The successful delivery of a large order can also enhance the company's reputation and credibility in the EV market, potentially leading to future sales and partnerships.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100