Mullen Automotive, Inc. - Common Stock (MULN)

NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) --

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.

Company cost cutting initiatives include:

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.

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

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.

Company sees 189% increase in second fiscal quarter GAAP revenue compared to entire 2024 fiscal year GAAP revenue

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.

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

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Mullen To Contact Him Directly To Discuss Their Options

2025 hasn’t been a great year for Texas-based electric vehicle giant Tesla. After dominating the nascent EV sector for a decade and achieving a market cap that’s larger than the rest of the auto industry combined, Tesla is experiencing an unprecedented fall in sales across several major markets.

After surpassing the U.S. to become the largest greenhouse gas emitter on the planet for well over a decade, China is working hard to expand its renewable energy capacity. Even though China still produces more emissions than any other country, Beijing’s massive investments in green energy have made the East Asian country a powerhouse in the nascent green energy industry.

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

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

The European Commission has granted carmakers in the EU more breathing room to achieve the regional bloc’s mandated pollution target amidst a widespread drop in electric vehicle sales. Commission president Ursula Von der Leyen says European carmakers that sell too many fossil fuel-powered cars in 2025 will be granted a two-year grace period where they can compensate by selling more clean energy vehicles.

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Mullen Automotive, Inc. (“Mullen” or “the Company”) (NASDAQ: MULN) and certain of its officers.

Two sources have revealed that BP is ditching plans to increase renewable energy generation capacity and refocusing its efforts on fossil fuels. The sources told Reuters that the chief executive is set to scrap the company’s plan to boost green energy generation by 20 times through the rest of the decade, dealing a major blow to the clean energy industry’s growth.

NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) --

Mullen Automotive (NASDAQ: MULN) announced the purchase and delivery of its Mullen ONE Class 1 EV cargo van to Orange County, North Carolina, for deployment by the county’s Solid Waste Management Department. The order, fulfilled by National Auto Fleet Group, supports Orange County’s Climate Action Plan to transition its fleet to all-electric by 2025. Mullen’s commercial EVs, including the Mullen ONE and Mullen THREE, are available for purchase under Sourcewell’s contract, offering sustainable solutions for government agencies nationwide.

Mullen Automotive (NASDAQ: MULN) announced the purchase and delivery of its Mullen ONE Class 1 EV cargo van to Orange County, North Carolina, for deployment by the county’s Solid Waste Management Department. The order, fulfilled by National Auto Fleet Group, supports Orange County’s Climate Action Plan to transition its fleet to all-electric by 2025. Mullen’s commercial EVs, including the Mullen ONE and Mullen THREE, are available for purchase under Sourcewell’s contract, offering sustainable solutions for government agencies nationwide.

The Mullen ONE EV cargo van will be deployed by Orange County’s Solid Waste Management Department, supporting its Climate Action Plan, which aims to transition the county’s fleet to all-electric vehicles

Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Mullen Automotive, Inc. (“Mullen” or “the Company”) (NASDAQ: MULN) and certain of its officers.

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced that its all-electric commercial vehicles, the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 EV cab chassis truck, have been added to National Auto Fleet Group’s (NAFG) Sourcewell contract. This approval allows government agencies and educational institutions to purchase Mullen’s commercial EVs through NAFG without lengthy bidding procedures. Sourcewell, a government agency that streamlines procurement, offers competitively solicited contracts, making fleet acquisition more efficient. NAFG, a California-based dealer, is also an approved California Air Resource Board (“CARB”) HVIP dealer, enabling significant incentives on the Mullen THREE, including up to $45,000 in cash vouchers and a $7,500 federal tax credit, potentially reducing its cost to under $17,000.

Mullen Commercial EVs available for purchase on Sourcewell under NAFG’s Sourcewell Contract # 091521-NAF which offers Class 1-3 light duty trucks, cars, vans, SUVs, cab chassis, and electric vehicles with related equipment and accessories to U.S. government agencies