Mullen Invoices And Delivers 130 Additional Class 1 EV Cargo Vans To Randy Marion Automotive Group For $4,372,550.00
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. has delivered and invoiced 130 additional Class 1 EV cargo vans to Randy Marion Automotive Group for $4,372,550. This brings the total delivered to 230 vans out of the initial 1,000 vehicle order, totaling $7,736,150 in invoices. The Mullen ONE vans are designed for last-mile delivery with a 110-mile range and are produced in Tunica, Mississippi. The company anticipates a strong year for its commercial EV efforts.
January 22, 2024 | 2:16 pm
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Mullen Automotive has successfully delivered a significant batch of EV cargo vans to Randy Marion, indicating progress in fulfilling a large order and potentially boosting revenue.
The delivery of a substantial number of vehicles and the associated revenue from these deliveries are positive indicators for Mullen Automotive's performance. This news reflects the company's ability to produce and deliver its EV cargo vans, which could lead to increased investor confidence and a potential short-term uptick in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100