What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Mullen Automotive's subsidiary, Bollinger Motors, has secured a deal to sell 50 electric vehicles to EnviroCharge for $8.25 million. The vehicles will be delivered after production starts in the second half of 2024. This follows recent partnerships with several truck centers and qualification for federal clean-vehicle incentives.
May 22, 2024 | 2:46 pm
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Mullen Automotive's subsidiary, Bollinger Motors, has secured a deal to sell 50 electric vehicles to EnviroCharge for $8.25 million. This deal, along with recent partnerships and federal incentives, positions the company for future growth.
The deal with EnviroCharge and recent partnerships indicate strong future revenue potential and market positioning for Mullen Automotive. The federal incentives further enhance the attractiveness of their vehicles.
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