via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an electric vehicle (“EV”)
manufacturer, announces today that its subsidiary, Bollinger Motors
(“Bollinger”), has named Affinity Truck Center (“Affinity”) as an
official Bollinger Motors dealer. Affinity operates sales locations
in Bakersfield and Fresno, California, and service locations in
Paso Robles and Salinas, California. Affinity Truck Center is a
California Hybrid and Zero-Emission Truck and Bus Voucher Incentive
Project (“HVIP”) certified dealership.
The Bollinger B4 chassis cab is an all-new, all-electric Class 4
commercial truck designed from the ground up with extensive fleet
and upfitter input. Bollinger’s unique chassis design protects the
158-kwh battery pack and components to offer unparalleled
capability and safety in the commercial market. The company begins
serial production of the B4 on Sept. 16, 2024, and will begin
delivering vehicles to customers in October 2024.
“The addition of Affinity Truck Center gives Bollinger Motors a
strong foothold in California’s Central Valley,” said Jim Connelly,
chief revenue officer for Bollinger Motors. “Affinity has a rich
history providing a variety of transportation options and is well
positioned to help our team bring electrification and customer
support to this critical market.”
Affinity is a family-owned business founded in 1980, with
headquarters in the heart of California’s Central Valley. The
company sells and supports a variety of top trucking brands and
provides industry leading support for sales, service and
financing.
“We look forward to bringing the Bollinger B4 to our customers
from our Bakersfield and Fresno locations,” said Kim Mesfin,
Affinity president. “We share Bollinger Motors’ bold vision for
creating electric vehicle options in the fleet space and are
excited to help improve the valley’s air quality with these
electric trucks.”
The addition of Affinity Truck Center follows a
series of Bollinger Motors’ milestones in recent months
including the addition of TEC Equipment to Nacarato Truck Centers,
Nuss Truck & Equipment, and LaFontaine Automotive Group as
dealers and service centers; providing full warranty coverage of
the B4 chassis cab; receiving the Certificate of Conformity from
the Environmental Protection Agency; a 145-vehicle sale to Momentum
Group, a 70-vehicle sale to Doering Fleet Management, a 50-vehicle
sale to EnviroCharge; Our Next Energy in Novi,
Michigan, to supply battery packs; and Amerit Fleet Solutions
as its mobile service provider.
About Affinity Truck Center
Located in the heart of California’s Central
Valley, Affinity carries a wide variety of trucks to handle an
array of medium and heavy-duty trucking needs. The company has
served California’s transportation needs since 1980 and has built
longstanding relationships with local businesses and continues to
serve California’s Central Valley with superior equipment and
services. The company’s full-service dealership is backed with the
promise to help businesses succeed, whether they are expanding a
fleet or just getting started.
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a
U.S.-based company headquartered in Oak Park, Michigan. Bollinger
Motors is developing all-electric commercial chassis cab trucks,
Classes 4-6. In September of 2022, Bollinger Motors became a
majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN).
Learn more at www.BollingerMotors.com and www.MullenUSA.com.
About Mullen
Mullen 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.
The CARB-issued HVIP approval on the Mullen THREE, Class 3 EV
truck, provides up to a $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, Range Truck Group and Eco Auto,
providing sales and service coverage in key Midwest, West Coast and
Pacific Northwest and New England 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 Statements
Certain 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 Bollinger Motors and
are difficult to predict. Examples of such risks and uncertainties
include: how long state and federal electric vehicle incentive
programs will continue to apply; the ability of Bollinger Motors’
B4 Class trucks to qualify for such incentive programs; the impact
of incentive programs on the resultant price of the Bollinger B4
Class trucks; and whether the anticipated start of production and
vehicle delivery dates will be realized.
Additional examples of such risks and uncertainties include but
are not limited to: (i) Mullen and Bollinger Motors' ability (or
inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Mullen and Bollinger Motors'
ability to maintain existing, and secure additional, contracts with
manufacturers, parts and other service providers relating to its
business; (iii) Mullen and Bollinger Motors' ability to
successfully expand in existing markets and enter new markets; (iv)
Mullen and Bollinger Motors' 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 and Bollinger Motors'
business; (viii) changes in government licensing and regulation
that may adversely affect Mullen and Bollinger Motors' business;
(ix) the risk that changes in consumer behavior could adversely
affect Mullen and Bollinger Motors' business; (x) Mullen and
Bollinger Motors' ability to protect its intellectual property;
(xi) the vehicles developed will perform as expected and (xii)
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 Automotive, Inc., of which Bollinger Motors is
a partially owned subsidiary, with the Securities and Exchange
Commission. Mullen and Bollinger Motors anticipate that subsequent
events and developments may cause the Company’s plans, intentions
and expectations to change. Mullen and Bollinger Motors assume no
obligation, and specifically disclaim any intention or obligation,
to update any forward-looking statements, whether because 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 and Bollinger Motors' plans and expectations as of any
subsequent date.
Bollinger Media Contact: Mike DeVilling(248)
875-4207, mdevilling@westshorepr.com
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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