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Mullen Issues Update on Its Solid-State Polymer Battery Testing

Battery Innovation Center (BIC) has completed the cell preconditioning in preparation for cell performance cycling. BIC will enter high rate cycling as part of the performance-based cycling with results forthcoming.

BREA, Calif., May 10, 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 Mullen’s solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana.

Battery Innovation Center has completed the cell preconditioning in preparation for cell performance cycling. This is a C/20 preconditioning format to establish cell capacity baseline.  BIC will enter into high rate cycling as part of the performance-based cycling with those results forthcoming.

It is expected that this technology, when scaled to the vehicle pack level, will deliver a 150-kilowatt hour, solid-state battery able to deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover. In general, solid-state batteries offer higher energy density, faster charging time, smaller size, and safety compared to traditional lithium-ion cells.

bic-testing   

“I am pleased with the initial preconditioning results on our solid-state polymer battery cell and we’re progressing to the next stage of testing with BIC,” said David Michery, CEO and chairman of Mullen Automotive. “The battery has performed well and I’m looking forward to seeing finalized testing results from BIC later this month.”

“We are in process with Mullen’s cell and are looking forward to continued testing with final results due later this month,” said Ben Wrightsman from Battery Innovation Center.

The Battery Innovation Center will continue to perform the following tests on Mullen’s solid-state polymer battery, with final results expected in late May 2022. 

  • Constant Current Discharge Test

Testing to determine the effective capacity of a test unit using very repeatable, standardized conditions.

  • Peak Power Test

The purpose of this test is to determine the sustained (30s) discharge power capability of a battery at 2/3 of its OCV at each of various depths of discharge (DOD).

  • Constant Power Discharge Test

The purpose of this testing is to perform a sequence of constant power discharge/charge cycles that define the voltage versus power behavior of a battery as a function of depth of discharge. This testing characterizes the ability of a battery to provide a sustained discharge over a range of power levels representative of electric vehicle applications. Constant power discharges are similar to constant speed vehicle operation in their effect on a battery.

 

About Battery Innovation Center (BIC):

BIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies and commercial enterprises. The Battery Innovation Center focuses on the rapid development, testing and commercialization of safe, reliable, and lightweight energy storage systems for defense and commercial customers.

 

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

Mullen
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