Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has closed on the purchase of an EV assembly plant located in Tunica, Mississippi. Mullen has purchased the Advanced Manufacturing and Engineering Center (“AMEC”) without any debt and now will focus on hiring the skilled trades and support staff needed to start initial preproduction class 1 and class 2 EV Cargo Vans. The purchase of AMEC is tied to the company’s previously announced plans to add another 1.2 million square feet of manufacturing space to the facility; the additional space will be designed to support class 1 and class 2 EV cargo vans and the Mullen FIVE EV Crossover. Currently the facility, which is located on 100-plus acres, has 124,000 square feet of manufacturing space. Mullen’s expansion plans include a body shop, fully automated paint shop and a general assembly shop. “This is a milestone for Mullen,” said Mullen Automotive CEO and chair David Michery in the press release. “We now own this facility free and clear, with no associated debt or financial obligations on the property. AMEC is a tremendous asset for the company, and we are proud to begin hiring and build-out of the Tunica facility.”
To view the full press release, visit https://ibn.fm/mYJUA
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. To learn more about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
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