Written by Cláudio Afonso | info@claudio-afonso.com
On Tuesday, via Twitter, EVgo said they “look forward to seeing the Mullen FIVE hit the streets in 2o24″. The Fast Charging Network also claimed that they’ve got “the network to keep future Mullen drivers going”. This is the first time EVgo mentions the California-based EV maker, although, there’s no official confirmation on a future partnership between the companies for Mullen customers.
A couple hours later, Mullen‘s CEO David Michery posted on his Instagram account a picture of an airship featuring Mullen’s hashtag #ImagineWhatsPossible looking ready to take off.
The company announced on Monday that plans to begin EV battery pack production out of its high voltage battery R&D facility located in Monrovia, California. Mullen is retrofitting its Monrovia facility to accommodate the production of EV battery packs destined for Mullen’s EV vehicle lineup, including the ONE EV Cargo Van, FIVE EV Crossover, and DragonFLY EV Sportscar programs.
According to a SEC filing revealed last week, Mullen‘s President of Automotive Division accquired 100,000 shares on April 8. Mullen’s President Calin Popa owns now a total of 159,729 Mullen shares. Popa’s transaction nature was Type A — Grant, award or other under Rule 16b-3(d) and represents a direct ownership.
On April 1, Mullen’s 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.
On April 8, The host of Risk on Show Podcast interviewed Tom Gage, the engineer who tested Mullen’s batteries confirming its results. The episode came one the day after Hindenburg Research Firm claimed that the electric vehicle maker “apparently misrepresented the test results, according to the CEO of the company that performed the tests”.
Written by Cláudio Afonso | info@claudio-afonso.com