Written by Cláudio Afonso | info@claudio-afonso.com
Mullen Automotive announced this Monday the promotion of Mullen executive John Taylor to the role of senior vice-president of Global Manufacturing and Strategic Planning. Taylor joined Tesla in 2010 being one of the first 50 employees, leading the advanced manufacturing engineering group. Taylor played a critical role in opening Tesla’s Fremont facility and manufacturing operations for the Tesla Model S and architecture for future EV projects.
As previously highlighted, Taylor brings a great breadth of experience, including oversight of several plant start-ups and over 12 vehicle launches in the U.S. and internationally. In 1987, Taylor graduated from the Philpot School of Automotive Design in Detroit and began his automotive career with General Motors. At GM, he was involved with 11 major automotive vehicle launches while serving as launch manager, operations manager, and machine and equipment manager, among other roles — Mullen stated.
John brings a wealth of experience in the EV manufacturing space. He plays a critical role in the ongoing setup and expansion of Mullen’s Advanced Manufacturing and Engineering Center (AMEC) in Tunica, Mississippi. John’s international manufacturing experience will come into play as he strategizes and evaluates Mullen’s other domestic and international manufacturing opportunities.
David Michery, CEO and chairman of Mullen Automotive
On April 1, Mullen Automotive CEO David Michery filed a SEC form announcing changes in beneficial ownership with transactions made betwen March 22 and March 28, 2022. Michery sold 300,000 shares at an average price of $2.495 ($748,500 USD), disposed of 428,382 contracts and acquired 1,198,328 contracts. Last December, Michery had filed a form disclosing ownership of 22,174,720 shares of Mullen — 62.5% ownership.
Last week, Mullen’s CEO unveiled many catalysts for the American EV maker (Full interview here). Michery was one of the guests of Benzinga Listmaker Show showed confidence when asked about the chip shortage issues: “We’re fairly confident that we identified enough partners to ensure that we’re not gonna to have any delays in the builds of our products”. The Company has two electric vehicles under development, one of which we expect to begin delivery of in the second quarter of 2024.
“I really wanted credit Elon Musk and Tesla for opening the door for all the EV guys, including myself to give us an oportunity to be successful. At the end of the day, when we sat down and we looked to what we wanted to do and what people were doing, we said “Listen, it doesn’t have to be a cheap car, it doesn’t have to be a small car, it doesn’t have to compete for the cheapest car in America. But it has to be something that is appealing, “Design does sell”, and performances definitely gathers a lot of attention.” — David Michery said.
Recently, the company announced that it expects to report in excess of $65 million in cash and cash equivalents when it files Form 10Q for the Company’s second quarter ending March 31, 2022. “We’ve made tremendous progress in key areas over the past three months,” said David Michery, CEO and chairman of Mullen Automotive. “With the financing we received, we now have more than enough capital to execute on our commitments for 2022, including the start of the Mullen FIVE EV Crossover program and continued development on the Mullen ONE EV Cargo Van program. The Company’s balance sheet is the strongest it has ever been in our history.
Recently and related to Mullen‘s article published by Wccf Tech, CEO David Michery enhanced the supporters that have been bringing a lot of attention to the EV maker during the last weeks. The Wccf Tech article highlights the continued interest Mullen is seeing from a growing fan base for the Mullen FIVE EV Crossover.
Mullen’s CEO was recently on the 199th episode of Risk On Podcast on Wednesday. Michery talked about Mullen’s origins, the design options to increase the performance, the battery tech updates. Also Mullen’s loan status and the acceptance of Bitcoin as a payment were among the themes.
Recently, CarBuzz, world’s premier car-related news site and app with over 9 million monthly visits, highlighted Mullen’s FIVE Model saying that the model is luxury crossover in the fullest sense of the word luxury. The publication says that “the California-based company will be joining Tesla, Rivian, and Lucid as real American competition to legacy automakers as the EV market grows.” CarBuzz also enhanced that the model is “designed and engineered in the U.S. and set to be built here in the U.S. as well”.
Written by Cláudio Afonso | info@claudio-afonso.com