Company:Mullen Technologies
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| Type | Public |
|---|---|
| NASDAQ: MULN | |
| ISIN | [https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US62526P1093 US62526P1093] |
| Industry | |
| Founded | 2014 |
| Founders | David Michery |
| Headquarters | Brea, California , United States |
Area served | North America |
Key people | |
| Products |
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| Services |
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| Website | mullenusa.com |
Mullen Technologies, Inc. is an American automotive and electric vehicle manufacturer based in Brea, California. Mullen Auto Sales division is engaged in car dealership, through its subsidiary CarHub, a chain of car dealerships in California and Arizona.
History
David Michery is the founder, chairman, and CEO of Mullen Technologies since 2012. Mullen originally intended to launch the Dragonfly K50 (also known as Qiantu K50) luxury sports car by 2021.[1] The company intends to field a luxury model first, then pivot to all-consumer electric vehicle models.[2]
On June 15, 2020, Mullen Technologies announced a merger agreement with Net Element, Inc.[3][4]
On March 17, 2021, Mullen Technologies announced that they would be opening a factory in Memphis, Tennessee, US for the manufacture of their Mullen FIVE crossover SUV, with plans to sell these models as early as 2024.[5]
In April 2022, an article by Hindenburg Research presents Mullen as one of the worst hustle in recent history.[6]
In September 2022 Mullen purchased a controlling stake in Bollinger Motors, the manufacturer of EV pick-ups und SUVs.[7]
In October 2022, Mullen bought the bankrupt company ELMS (Electric Last Mile Solutions).[8]
Mullen I-Go
The Mullen I-Go is an electric city car unveiled by Mullen Automotive in October 2022. Being essentially a rebadged Chinese Xiaohu FEV, the I-Go serves as a last mile delivery vehicle featuring a 16.5 kWh battery pack that provides 124 miles (200 km) of range in the New European Driving Cycle. The battery powers a 46 hp (34 kW / 46 PS) electric motor and enables the vehicle to hit a top speed of 62 mph (100 km/h).[9]
References
- ↑ Eisenstein, Paul A. (18 April 2019). "Chinese electric sports car Dragonfly K50 by Mullen coming to US roads next year". https://www.cnbc.com/2019/04/18/chinese-electric-sports-car-qiantu-k50-by-mullen-coming-to-us-next-year.html. Retrieved 2020-06-16.
- ↑ Smith, Abby (2020-06-15). "Mullen Technologies' road to sell electric sports cars is paved by Tesla's success". Washington Examiner. https://www.washingtonexaminer.com/policy/energy/mullen-technologies-road-to-sell-electric-sports-cars-is-paved-by-teslas-success. Retrieved 2020-06-15.
- ↑ GmbH, finanzen net. "EV News: Mullen Technologies to Merge With Net Element (NETE)". https://investorplace.com/2020/06/ev-news-mullen-technologies-to-merge-with-net-element/. Retrieved 2020-06-16.
- ↑ "Net Element Enters into a Letter of Intent to Merge with Electric Vehicle Company Mullen Technologies". https://finance.yahoo.com/news/net-element-enters-letter-intent-123000032.html. Retrieved 2020-06-16.
- ↑ Bailey, Tom (17 March 2020), Tax incentive approved for Tunica Mississippi automaker in 63 years, https://dailymemphian.com/article/20740/first-memphis-automaker-in-63-years-tax-incentive
- ↑ "Mullen Automotive: Yet Another Fast Talking EV Hustle" (in en-US). 2022-04-06. https://hindenburgresearch.com/mullen/.
- ↑ "Mullen Automotive Acquires Controlling Interest in EV Truck Innovator Bollinger Motors, Inc.". 2022-09-08. https://www.globenewswire.com/news-release/2022/09/08/rz/0/en/Mullen-Automotive-Acquires-Controlling-Interest-in-EV-Truck-Innovator-Bollinger-Motors-Inc.html.
- ↑ "Mullen Buys Bankrupt ELMS And Its Indiana Plant For $240 Million". https://insideevs.com/news/617326/mullen-buys-bankrupt-elms-its-indiana-plant-for-240-million-usd/.
- ↑ GAUTHIER, MICHAEL (24 October 2022), Mullen I-Go Revealed As A 46 HP Last-Mile Delivery Vehicle For Europe, https://www.carscoops.com/2022/10/mullen-i-go-revealed-as-a-46-hp-smart-forfour-knockoff-for-europe/
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