Mullen Announces Announces Bollinger Motors Has Received Vehicle Orders For 40 B4, Class 4 EV Trucks; Orders Valued At ~$6M
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has announced that Bollinger Motors, which it owns, has received orders for 40 B4, Class 4 electric trucks. The orders are valued at approximately $6 million.
January 19, 2024 | 2:31 pm
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Mullen Automotive's subsidiary Bollinger Motors has received significant orders for its B4 electric trucks, indicating strong product demand and potential revenue growth.
The announcement of new vehicle orders for Bollinger Motors is a positive development for Mullen Automotive, suggesting increased demand for their electric trucks. This could lead to higher revenues and potentially a positive impact on the stock price in the short term. The value of the orders, $6 million, is a significant amount that could materially affect the company's financials.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100