Mullen Automotive Gears Up for Advancement in EV Sector with Solid-State Battery Testing

Mullen Automotive, Inc. MULN, an emerging electric vehicle (EV) manufacturer, has announced significant strides in expanding its battery technology operations within the United States. With a strategic focus on solid-state battery technology, Mullen is set to commence testing solid-state polymer battery packs. This initiative reflects the company's commitment to innovation and leadership in the burgeoning EV market.

Upscaling Battery Production Capabilities

Mullen's facility in Fullerton is now equipped to produce up to 1 gigawatt-hour (GWh) of batteries annually. This advancement is a testament to the company's ability to support the scaling of its EV business and cater to the growing demand for electric vehicles. As Mullen transitions towards solid-state polymer batteries, which are renowned for their higher energy density and safety, it is expected to enhance the performance and reliability of its EV models.

Commencement of Solid-State Battery Testing

Mullen is on schedule to initiate Business Management System (BMS) calibration specifically for Class 1 EV cargo vans. This calibration phase is slated for December 2023, while actual on-road testing of the solid-state battery packs in these vehicles is targeted for the first quarter of 2024. This phase marks a pivotal moment for Mullen as it moves closer to integrating innovative battery technology within its vehicles.

Increased Range and Efficiency

The current range of Mullen's Class 1 EV cargo vans using Lithium Iron Phosphate (LFP) batteries stands at 110 miles. With the planned introduction of solid-state polymer (SSP) batteries, the range is anticipated to leap significantly to over 190 SSP miles. This improvement in range not only bolsters the efficiency and appeal of Mullen's electric vans, but it also signifies a remarkable progression in EV technology, mirroring the industry's shift towards higher-capacity, more efficient power sources.

Implications for Investors and the EV Market

For investors tracking Mullen Automotive's performance, the focus on advanced battery technology places the company at the frontier of EV innovation. As the market continues to evolve and competition intensifies, Mullen's efforts to upscale its battery operations and enhance vehicle range could potentially lead to a stronger market position and increased investor interest in its stock MULN.

Mullen, Automotive, Battery