Mullen Subsidiary, Bollinger Motors, Announces Sale Of 70 B4 EV Trucks Valued At ~$11.5M With First Vehicle Deliveries In Late 2024
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive's subsidiary, Bollinger Motors, has secured a deal to sell 70 all-electric Class 4 Bollinger B4 commercial trucks to Doering Fleet Management. The order is valued at approximately $11.5 million, with deliveries starting in late 2024.
July 15, 2024 | 1:16 pm
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Mullen Automotive's subsidiary, Bollinger Motors, has secured a significant order for 70 all-electric Class 4 trucks valued at $11.5 million. This deal could positively impact Mullen's revenue and market position in the EV sector.
The sale of 70 B4 EV trucks valued at $11.5 million is a significant revenue boost for Mullen Automotive. This deal also enhances Mullen's market position in the EV sector, potentially leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100