Mullen Automotive, Inc. is an electric vehicle manufacturer focused on designing and producing innovative electric cars and commercial vehicles aimed at enhancing sustainable transportation
The company is committed to developing advanced battery technologies and integrating cutting-edge features in their vehicles, while also emphasizing performance, design, and user experience. Mullen Automotive aims to capture a significant share of the rapidly growing electric vehicle market through its diverse lineup of vehicles, which includes both consumer-oriented models and fleet solutions for businesses.
Chinese battery electric vehicle (BEV) manufacturer BYD has once again outpaced Tesla in global electric vehicle sales. A recent financial report from the Shenzhen-based automaker revealed that BYD’s revenue surged by 29% in 2024, reaching an impressive $14.8 billion—eclipsing Tesla’s reported revenue of $13.5 billion for the same period.
Mullen Automotive has announced new cost-saving initiatives, including staff reductions, to optimize operations. Mullen continues to focus on expanding EV sales and advancing battery technology.
Mullen Automotive (NASDAQ: MULN) reported record GAAP revenue of $3.18 million for the quarter ending March 31, 2025, as the electric vehicle maker intensifies its focus on cost reduction and commercial sales growth. The company will implement further staff reductions, lease eliminations and operational consolidations starting in April. Mullen is also prioritizing advancements in its battery cell and pack technologies while continuing to sell its Class 1 Mullen ONE cargo van and Class 3 Mullen THREE cab chassis truck, both fully certified for U.S. and California emissions standards. Deliveries of Bollinger’s Class 4 B4 Chassis Cab began in October.
Geopolitical tensions are accelerating the global shift from fossil fuels to renewable energy, International Renewable Energy Agency (IRENA) Director-General Francesco La Camera says. He argues that major geopolitical events, such as the Russia-Ukraine war or economic conflicts between global powers, could accelerate the transition to cleaner energy sources by disrupting traditional energy markets and forcing countries to rethink energy security strategies.
Wondering how the US markets performed one hour before the close of the markets on Wednesday? Discover the movers and shakers of today's session in our comprehensive analysis.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their Options
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
Mullen Automotive (NASDAQ: MULN) announced record GAAP revenue of $3.18 million as of March 21, 2025, marking a 189% increase over its total 2024 revenue of $1.1 million. The surge reflects strong momentum in sales of its commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, both of which are fully certified under U.S. emissions and safety standards. The company also highlighted progress from its Bollinger division, which began delivering its all-electric Class 4 B4 Chassis Cab truck in October. CEO David Michery stated the fiscal Q2 will close as the company’s strongest revenue quarter to date.
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Mullen Automotive, Inc (“Mullen” or the “Company”) (NASDAQ: MULN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Stay updated with the latest market activity on Tuesday. Explore the most active stocks in today's session and stay informed about the stocks that are in the spotlight.
Chinese electric vehicle (EV) manufacturer BYD has unveiled a new charging system that could allow EVs to recharge their batteries in just five minutes. Equipped with an astonishing 1,000 kW of charging power, this platform would be twice as fast as the fastest existing EV charger—the Tesla Supercharger network.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Mullen To Contact Him Directly To Discuss Their Options
Let's have a look at what is happening on the US markets one hour before the close of the markets on Monday. Below you can find the top gainers and losers in today's session.
