Mullen Automotive announced on Monday the comeback of the partnership with LGG (Linghang Guochuang Group) to focus on taking solid-state polymer battery cell technology into vehicle pack level development. Solid-state batteries are planned for Mullen’s second-generation Mullen FIVE EV Crossover and show promise of over 300 miles of range delivered in 18 minutes with DC fast charging.
Mullen and LGG are on track with their existing partnership, which was originally started in late 2019 and subsequently sidelined in 2020 due to the COVID-19 outbreak. In recent months, the two companies have made progress and are pleased to announce they have started integration of the solid-state polymer cell technology into the vehicle pack level. Mullen has announced previously that solid-state polymer batteries are currently planned for the second generation of the Mullen FIVE EV Crossover. Data collected from solid-state cell testing shows impressive results for solid-state batteries, including potential range of 600 miles on a full charge and over 300 miles of range delivered in 18 minutes with DC fast charging.
“Linghang Guochuang is pleased to be able to continue on with our original written agreement (11-26-2019) with Mullen,” said Yao Wang, GM for Linghang Guochuang.
“I am pleased to announce today that Mullen Automotive and LGG are moving forward on solid-state vehicle pack level development,” said David Michery, CEO and chairman of Mullen Automotive. “Scaling from the cell level to pack level development is a major accomplishment and one I am proud to announce is progressing with LGG as our partner.”
The world’s largest asset manager BlackRock filed on May 12 a 13F-HR form unveiling the ownership 647,102 shares of the electric vehicle maker Mullen Automotive as of March 31. On February 10, the investment management corporation had disclosed owning 195,101 shares by the end of 2021 representing an increase of an increase of 231.68 percent to the first quarter of 2022.
As of May 14, Mullen has 77 institutional owners and shareholders holding a total of 4,239,780 shares. Largest shareholders include Vanguard Group, Cutler Group LP, BlackRock, ExodusPoint Capital Management, LP, Citigroup Inc, Cetera Advisor Networks LLC, Simplex Trading, Llc, and Jackson Wealth Management.
Last week, Mullen announced that Battery Innovation Center (BIC) in Indiana has completed the cell preconditioning in preparation for cell performance cycling. BIC will enter into high rate cycling as part of the performance-based cycling with those results forthcoming, the company added.
Recently, Mullen announced that will add Mullen FIVE RS on the second leg of the “Strikingly Different” U.S. test-drive tour. The electric vehicle maker also announced that new tour stops have been added for spring 2023. The Mullen FIVE RS is a high-performance EV featuring close to 1,100 horsepower, 0-60 mph in just 1.95 seconds, and a top speed of almost 200 mph.