Streetbeat News

MULN

Mullen Automotive, Inc.

Industry

Auto - Manufacturers

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Open

1.73

Mkt cap

10M

Volume

1.3M

High

1.84

P/E Ratio

N/A

52-wk high

2400.00

Low

1.71

Div yield

N/A

52-wk low

1.71

Mullen Automotive Inc. (NASDAQ:MULN) and Rapid Response Defense Systems (RRDS) have filed responses for a U.S. Customs and Border Protection application regarding Mullen's Class 1 EV cargo van. The application details the substantial transformation of the vehicle to meet U.S. standards, which could classify it as a U.S.-made product. The assembly process occurs in Mullen's Mississippi facility, employing 103 individuals, with the company employing around 400 nationwide. Mullen sources globally but is adding domestic suppliers to its supply chain. A successful ruling, expected within 45 days, would affirm Mullen's commitment to the U.S. EV market. Mullen and RRDS will showcase the Mullen ONE EV cargo van at the Fed Fleet conference in Washington, D.C. in January 2024.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:31 pm

Mullen Automotive Inc. has announced that Randy Marion Automotive Group has obtained a North Carolina license to retail Mullen electric vehicles. This development is part of Mullen's expansion strategy to establish a retail network for its electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:06 pm

Mullen Automotive Inc. (NASDAQ:MULN) has announced the expansion of its U.S. battery operations with a new high-energy facility in Fullerton, California, dedicated to producing next-generation American-made EV battery packs. The company is consolidating its Monrovia facility with the recently acquired Romeo Power assets into this new location. Mullen will start solid-state polymer (SSP) battery BMS calibration for Class 1 EV cargo vans in December 2023 and begin testing solid-state battery packs in Q1 2024. The new SSP technology is expected to increase the range of Mullen's Class 1 EV cargo van from 110 miles to over 190 miles, a 73% increase, making it class-leading in range.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:20 pm

Mullen has received EPA certification for its commercial Class 1 and Class 3 EV vehicles, a key milestone for selling vehicles in the U.S. The Class 3 EV cab chassis truck received EPA certification on Sept. 22, 2023, and Class 1 vehicle production began on Nov. 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:33 pm

The article lists the stocks that gained and lost in Tuesday's mid-day session. Notable gainers include SciSparc Ltd., Cardio Diagnostics Holdings, Inc., and Verve Therapeutics, Inc. due to positive news such as patent acceptance and contract acquisition. On the other hand, Kintara Therapeutics, Inc., Galera Therapeutics, Inc., and reAlpha Tech Corp. were among the biggest losers due to negative developments like unsuccessful drug trials and poor financial results.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 5:36 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher, recovering from a 15% loss over the past few days. The company announced that the Nasdaq Hearings Panel had granted Mullen's request to continue its listing on the Nasdaq Capital Market, subject to certain conditions. MULN shares have attracted attention from retail investors and short-sellers, with 16.39% of available MULN shares being sold short. The shares are up 15% at 29 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:09 pm

During Monday's intraday session, several consumer discretionary stocks experienced significant movement. Notable gainers included Kaixin Auto Hldgs (KXIN), Vitru (VTRU), Yoshitsu Co (TKLF), SRM Entertainment (SRM), Nautilus (NLS), and Overstock.com (OSTK). On the other hand, BT Brands (BTBD), Connexa Sports Techs (CNXA), Marine Prods (MPX), Golden Heaven Group Hldgs (GDHG), Worksport (WKSP), and Mullen Automotive (MULN) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:31 pm

Mullen Automotive has been granted a request by the Nasdaq Hearings Panel to continue its listing on Nasdaq, according to an 8K filing.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:03 pm

Mullen Automotive Inc. (NASDAQ:MULN) shares are trading higher after the company announced it received a favorable decision from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Capital Market, subject to certain conditions. The company must demonstrate compliance with Listing Rule 5550(a)(2) by maintaining a closing bid price of $1 per share for 20 consecutive trading sessions by Jan. 22, 2024, and with Listing Rule 5620(a) by holding an annual shareholder meeting by March 8, 2024.

Portfolio Pulse from Erica Kollmann

October 26, 2023 | 5:43 pm

During Thursday's intraday session, several consumer discretionary stocks experienced significant movement. Mullen Automotive, Yoshitsu Co, Singing Machine Co, REE Automotive, Sonic Automotive, and Codere Online Luxembourg saw gains, while SunCar Tech Gr, Visionary Education Tech, Gentherm, Whirlpool, Studio City Intl Hldgs, and MGO Global experienced losses. Q3 earnings were released for Sonic Automotive, Gentherm, and Whirlpool.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:31 pm

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