Mullen, Phenix Truck & Van and Knapheide Announce Completion Of A New Class 3 Light-Weight EV Service Body; Purpose Built For Municipalities And Public Utilities Applications
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. (NASDAQ:MULN) has completed a new light-weight service truck body for the All-Electric Mullen THREE, in collaboration with Phenix Truck & Van and Knapheide. The vehicle is designed for Class 3 service body truck fleets used by municipalities and public utilities. The Mullen THREE offers a 125-mile range, a 1.5-hour Level 3 DC charge time, and a payload over 5,800 lbs. It is now on display at CES 2024 and will be featured at upcoming industry expos. The partnership aims to cater to the needs of entities transitioning to electric vehicles, particularly in states with incentives for such a switch.
January 11, 2024 | 2:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mullen Automotive has announced the completion of a new EV service truck body for the Mullen THREE, developed with Phenix and Knapheide, aimed at public utilities and municipalities.
The completion of the new EV service truck body for the Mullen THREE is a significant product development milestone for Mullen Automotive. It represents an expansion into a new market segment, which could lead to increased sales and revenue. The focus on municipalities and public utilities, especially in states with EV incentives, positions Mullen to capitalize on the growing demand for electric fleet vehicles. The display at CES 2024 and other industry expos will likely generate additional interest and potential orders, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100