via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an electric vehicle (“EV”) manufacturer, announces
today the addition of zero-emissions commercial vehicle dealers,
Minnesota-based Ziegler Truck Group (“Ziegler” or “ZTG”) and
Washington-based Range Truck Group (“Range” or “RTG”), a part of
the Ziegler Companies distribution network. As Mullen’s new
franchise partners, RTG and ZTG will cover national and regional
fleet opportunities for Mullen commercial EVs with a focus on the
Pacific Northwest and upper Midwest regions of the United States.
With a 110-year legacy of selling and servicing premier brands
in construction and agriculture equipment, Ziegler and Range Truck
Group, independent entities as part of the Ziegler Companies
portfolio, are focused on delivering advanced infrastructure and
cutting-edge zero-emissions solutions to the commercial
transportation sector. Ziegler Companies, a family-owned equipment
dealer since 1914, is a group of industry pioneers and now leading
providers of zero-emissions commercial trucks. Leveraging its vast
network and industry expertise, Ziegler and Range help with every
aspect of fleet integration by empowering customers with top-notch
transition planning, sales, service, and support.
ZTG is an approved California Air Resource Board (“CARB”) HVIP
dealer and will offer Mullen’s full line of all-electric commercial
vehicles, the Mullen ONE, Class 1 EV cargo van and Mullen THREE,
Class 3 EV cab chassis truck, which is HVIP approved and provides
up to $45,000 cash voucher at time of purchase. Ziegler will be
able to provide HVIP point-of-sale vouchers for the Mullen THREE,
which when combined with the available $7,500 federal tax credit,
the net effective cost of the Mullen THREE could be less than
$17,000. A copy of Mullen’s Class 3 HVIP approval can be found
here.
“We’re building a portfolio of zero-emissions vehicles to help
our customers seamlessly navigate the transition of their fleet,”
said Johannes Ariens, representing both RTG and ZTG. “Our customers
are ready to explore, test and pilot vehicles, and with Mullen,
we’re able to get them on the road to zero-emissions faster with
low-barrier price points and with the support and reliability we’ve
been collectively providing for over 110 years as a legacy dealer
organization.”
“This partnership signifies an additional step forward for
Mullen as it broadens our reach and strengthens our foothold in the
growing commercial EV market,” said David Michery, CEO and chairman
of Mullen Automotive. “Range and Ziegler’s extensive network of
dealerships and proven track record in the commercial vehicle
industry will be invaluable as we work together to deliver our
electric cargo vans and trucks to businesses across the
nation.”
About Ziegler Truck Group and Range Truck
GroupRTG and ZTG are trusted partners on the road to zero
emissions backed by innovative energy solutions that remove
traditional roadblocks to getting there. Together, we provide
comprehensive solutions customized to the needs of our
customers—including a portfolio of zero-emissions vehicles, access
to flexible charging options and a team of specialists ready to
help accelerate the transition.
To learn more, visit www.ZieglerTruck.com.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of commercial electric vehicles (“EVs”) with two United
States-based vehicle plants located in Tunica, Mississippi,
(120,000 square feet) and Mishawaka, Indiana (650,000 square feet).
In August 2023, Mullen began commercial vehicle production in
Tunica. In September 2023, Mullen received IRS approval for federal
EV tax credits on its commercial vehicles with a Qualified
Manufacturer designation that offers eligible customers up to
$7,500 per vehicle. As of January 2024, both the Mullen ONE, a
Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis
truck are California Air Resource Board (“CARB”) and EPA certified
and available for sale in the U.S. Recently CARB issued HVIP
approval on the Mullen THREE, Class 3 EV truck, providing up to
$45,000 cash voucher at time of vehicle purchase. The Company has
also recently expanded its commercial dealer network with the
addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck
Group and Range Truck Group, providing sales and service coverage
in key Midwest, West Coast and Pacific Northwest markets. The
Company also recently announced Foreign Trade Zone (“FTZ”) status
approval for its Tunica, Mississippi, commercial vehicle
manufacturing center. FTZ approval provides a number of benefits,
including deferment of duties owed and elimination of duties on
exported vehicles.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult to
predict. Examples of such risks and uncertainties include, but are
not limited to, whether the two new dealerships will be successful
in selling Mullen’s vehicles, what governmental voucher and other
incentives will be in place when purchasers buy vehicles and the
resultant final vehicle costs to purchasers; and whether ZTG and
RTG will get purchase orders for Mullen vehicles from government
agencies. Additional examples of such risks and uncertainties
include but are not limited to: (i) Mullen’s ability (or inability)
to obtain additional financing in sufficient amounts or on
acceptable terms when needed; (ii) Mullen's ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (iii)
Mullen’s ability to successfully expand in existing markets and
enter new markets; (iv) Mullen’s ability to successfully manage and
integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs
and actual or contingent liabilities; (vi) the ability to attract
and retain qualified employees and key personnel; (vii) adverse
effects of increased competition on Mullen’s business; (viii)
changes in government licensing and regulation that may adversely
affect Mullen’s business; (ix) the risk that changes in consumer
behavior could adversely affect Mullen’s business; (x) Mullen’s
ability to protect its intellectual property; and (xi) local,
industry and general business and economic conditions. Additional
factors that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements can be
found in the most recent annual report on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K filed by
Mullen with the Securities and Exchange Commission. Mullen
anticipates that subsequent events and developments may cause its
plans, intentions and expectations to change. Mullen assumes no
obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by law. Forward-looking statements speak only as
of the date they are made and should not be relied upon as
representing Mullen’s plans and expectations as of any subsequent
date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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