Mullen Automotive shares are trading higher after the company secured a $210 million purchase agreement with UAE's Volt Mobility for 3,000 EV cargo vans and trucks.
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive's stock is rising following a $210 million purchase agreement with UAE's Volt Mobility for 3,000 EV cargo vans and trucks.
August 26, 2024 | 2:52 pm
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POSITIVE IMPACT
Mullen Automotive's shares are up due to a significant $210 million purchase agreement with Volt Mobility for 3,000 EV cargo vans and trucks.
The $210 million deal with Volt Mobility is a substantial revenue opportunity for Mullen Automotive, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100