Mullen Automotive Expands East Coast Reach As Eco Auto To Cover National Fleet Opportunities In Six States; Eco Auto To Purchase 180 EVs Worth $7.7M Over 18 Months, With Deliveries Starting September 2024
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive is expanding its reach on the East Coast through a partnership with Eco Auto, which will purchase 180 electric vehicles (EVs) worth $7.7 million over 18 months. Deliveries are set to begin in September 2024.
August 08, 2024 | 1:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mullen Automotive has partnered with Eco Auto to expand its East Coast reach. Eco Auto will purchase 180 EVs worth $7.7 million over 18 months, with deliveries starting in September 2024.
The partnership with Eco Auto and the sale of 180 EVs worth $7.7 million is a significant revenue opportunity for Mullen Automotive. This expansion into the East Coast market could boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100