BREA, Calif., May 16, 2022– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, an emerging electric vehicle (“EV”) manufacturer, announces today an update on its partnership with Linghang Guochuang Group (LGG). The Mullen and LGG partnership is currently focused on taking solid-state polymer battery cell technology into vehicle pack level development for Mullen Automotive. Solid-state polymer batteries are currently planned for the second generation of the Mullen FIVE EV Crossover.
Mullen and LGG are on track with their existing partnership, which was originally started in late 2019 and subsequently sidelined in 2020 due to the COVID-19 outbreak. In recent months, the two companies have made progress and are pleased to announce they have started integration of the solid-state polymer cell technology into the vehicle pack level. Mullen has announced previously that solid-state polymer batteries are currently planned for the second generation of the Mullen FIVE EV Crossover. Data collected from solid-state cell testing shows impressive results for solid-state batteries, including a potential range of 600 miles on a full charge and over 300 miles of range delivered in 18 minutes with DC fast charging.
“Linghang Guochuang is pleased to be able to continue on with our original written agreement (11-26-2019) with Mullen,” said Yao Wang, GM for Linghang Guochuang.
“I am pleased to announce today that Mullen Automotive and LGG are moving forward on solid-state vehicle pack level development,” said David Michery, CEO and chairman of Mullen Automotive. “Scaling from the cell level to pack level development is a major accomplishment and one I am proud to announce is progressing with LGG as our partner.”
Mullen recently announced the “Strikingly Different” U.S. Test Drive Tour, covering 19 cities across the U.S. The tour will begin this fall in Southern California and work its way throughout the U.S. Further details can be found here, or place your Mullen FIVE reservation here.
About Mullen:
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. For more information, please visit www.MullenUSA.com.
Forward-Looking Statements
This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions, as well as statements in the future tense, often signify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the reverse merger, the Nasdaq approval process, and the proposed debut date of the Mullen FIVE (formerly MX-05) midsize crossover. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.
Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including factors beyond the Company's control. As a result of these and other risks, uncertainties, and assumptions, forward-looking events and circumstances discussed herein might not occur in the way the Company expects or at all. Accordingly, readers should not place reliance on any forward-looking information or statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
