Mullen Automotive (NASDAQ: MULN) to Begin Construction for EV Battery Pack Production at High Voltage R&D Facility| Green Stock News
Mullen Automotive to Begin Construction for EV Battery Pack Production at High Voltage R&D Facility in Monrovia, California Mulen, an emerging electric vehicle manufacturer, announces today plans to begin EV battery pack production out of its high voltage battery R&D facility located in Monrovia, California. Mullen is undertaking this effort to reduce dependency on third-party suppliers and reduce the risk associated with material and supply shortages, which currently plague the automotive industry. By taking battery pack production in-house, Mullen will also lower costs and increase overall quality control in battery pack development.“Building our own battery packs makes sense as it reduces our reliance on third-party suppliers and lessens our risk of being subjected to the waves of supply and critical component shortages,” says David Michery, CEO and chairman of Mullen Automotive. “The entire industry is struggling with supply chain issues and the more control we have in-house, the better off our vehicle programs will be. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans, and the DragonFLY Sports Car. The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly DifferentTM” and exciting to experience in person. The Mullen FIVE was named “Top Zero Emission SUV” as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where it made its debut. The Company has recently filed over 120 patents in 24 countries related to the Mullen FIVE. Shares of Mullen Automotive trade on the NASDAQ under the symbol MULN. For more information visit www.mullenusa.comThank you for watching Green Stock News Corporate All-Access Interview Series. Green Stock News is a 21st-century broadcast media company that enhances corporate access for public companies through the distribution of news, interviews, and original content across the web and through social media.For Advertising Opportunities: Contact info@greenstocknews.com --- Send in a voice message: https://anchor.fm/greenstocknews/message