Mullen Submits Updated Plan to DOE for Grant Funding Opportunity in US Battery Materials Processing, Requesting $55M in Funding
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Mullen Automotive has submitted an updated plan to the Department of Energy (DOE) for a $55 million grant to support U.S.-based battery materials processing. The plan includes facilities in Indiana and California for battery production.
December 19, 2024 | 2:45 pm
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Mullen Automotive has submitted a plan to the DOE for a $55 million grant to enhance its U.S. battery production capabilities. This move could strengthen its position in the battery manufacturing sector.
Mullen's submission for a DOE grant indicates a strategic move to enhance its battery production capabilities in the U.S. If successful, this could lead to increased production capacity and market presence, positively impacting its stock price.
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