Mullen Automotive Advances in Commercial EV and Domestic Battery Production

BREA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Mullen Automotive Inc. MULN, an emergent player in the electric vehicle (EV) market, is making significant headway in the commercial EV sector and in boosting capabilities for manufacturing batteries on American soil. The advancements present a pivotal turn in the company's strategy to carve out a substantial share in the sustainable transportation industry and fortify domestic supply chains in the face of increasing demand for EV solutions.

Commercial EV Segment Growth

The commercial EV landscape is rapidly expanding, and Mullen Automotive is actively responding to this growth. The company’s efforts are concentrated on producing a range of electric vehicles that cater to the commercial market. This includes not only passenger vehicles but also versatile fleets that can be employed for goods and services transportation. By refining its EV designs to meet the precise needs of commercial users, Mullen is aiming to address a market niche that requires both economic and environmental efficiency.

Enhancing U.S. Battery Production

In a strategic move to secure its position in the EV industry, Mullen has invested resources into the development of battery technology within the United States. Understanding the strategic importance of battery production in the supply chain of electric vehicles, Mullen’s endeavor to enhance its domestic battery manufacturing capabilities marks an important step toward achieving long-term sustainability and independence from overseas suppliers, thereby reducing potential geopolitical risks and supply chain disruptions.

investment, automotive, technology