Mullen's New High Energy Facility Completes Phase 1 Of Battery Pack Assembly Line
Portfolio Pulse from Benzinga Newsdesk
Mullen has completed Phase 1 of its battery pack assembly line in a new high energy facility, aiming to produce next-generation, American-made EV battery packs with a capacity of 1 GWh per year.
April 22, 2024 | 1:27 pm
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Mullen's completion of Phase 1 of its battery pack assembly line marks a significant step towards its goal of producing next-generation, American-made EV battery packs, with a production capacity of 1 GWh per year.
The completion of Phase 1 of Mullen's battery pack assembly line is a critical development for the company, indicating progress in its EV technology and manufacturing capabilities. This milestone could positively influence investor perception and potentially drive up MULN's stock price in the short term, given the growing market demand for EVs and the strategic importance of domestic battery production capabilities.
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