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Mullen to Conduct Solid-State Polymer Battery Cell Testing with Leading Independent Facility, Battery Innovation Center (BIC), in Indiana

Testing to support a solid-state polymer battery cell, which when scaled to the vehicle pack level, and at a 150-kilowatt hour equivalent, can deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover. Mullen to announce test results in early May 2022.

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BREA, Calif., Apr. 21, 2022– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. BIC is focused on the rapid development, testing, and commercialization of safe, reliable, and lightweight energy storage systems for defense and commercial customers.

Started in 2013, Battery Innovation Center’s mission is focused on promoting the rapid development, testing, commercialization, and advanced learning of safe, reliable, high-performance, and lightweight energy storage systems for commercial, defense, academic partners, and industry. BIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies, and commercial enterprises.

The Battery Innovation Center will perform the following tests on Mullen’s solid-state polymer battery.

  • 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.

“We look forward to testing Mullen's cells capabilities and associated performance,” stated Seth McCoy, T&E Engineer from Battery Innovation Center in Indiana.

Previously Mullen highlighted test results conducted by EV Grid. Tom Gage, from EV Grid, was recently featured on Risk On Podcast to discuss previously reported results. The test data collected by EV Grid showed an impressive outcome and future for solid-state batteries. The solid-state battery cell was rated at 300 Ah (ampere-hour),  the test the battery yielded 343 Ah at 4.3 volts.   It is expected that this technology, when scaled to the vehicle pack level, a 150-kilowatt hour solid-state battery can 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.

“We have begun working with the Battery Innovation Center located in Indiana to retest and certify our solid-state battery,” said David Michery, CEO and chairman of Mullen Automotive. “BIC is a well-respected battery laboratory, and we look forward to publishing their results related to cell testing coming up in May.”

On Nov. 5, 2021, Mullen began trading on the Nasdaq Capital Markets LLC (“Nasdaq”) under the new stock ticker symbol “MULN.” Since Mullen’s first quarter as a public company starting in Q4 ‘21, the Company has debuted two versions of the Mullen FIVE show cars and announced the purchase of a vehicle manufacturing facility in Tunica, Mississippi. At the end of Q2 ‘22, Mullen reported over $65 million in cash and cash equivalents on hand for continued momentum and programs development.

Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and Over the Air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the EVs to market with the latest technology and in the least amount of time.

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 Different™” and exciting to experience in person. The Mullen FIVE was also 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 also recently filed over 120 patents in 24 countries related to the Mullen FIVE. The Mullen ONE, coming to market in Q2 2022, will be available in two classes of electric vans and will be designed, manufactured, and customized by Mullen at its Tunica, Mississippi, manufacturing facility. Learn more about Mullen’s EVs at www.MullenUSA.com.

 

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

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