Written by Cláudio Afonso | info@claudio-afonso.com
The electric vehicle maker Mullen Automotive teased via Twitter its Van production ahead of the first deliveries in Q2 2022, as announced by Mullen’s CEO. On March 30, David Michery unveiled that a Fortune500 company is going to buy “a lot of these vehicles” with the official press release expected during the next weeks.
(March, 30th, 2022)
Q: Do you have an update on the Vans?
D. Michery: Sure! We released a public information not to long ago that we’re going to be delivering our Class 1 vehicle in Q2 2022. We’re excited about that. We can’t disclose to who that hasn’t made it public yet but we plan on doing it shortly. We plan on announcing that it is a very large company that is going to buy a lot of these vehicles. We feel that we have a great product that is going to be very competitive. And its competitive in a time when people can’t really get product. We’re doing it here in America, in Mississipi. We’re going to show the world that the dependency on outside entities no longer exists, we can do it ourserlves herein America
Q: Is that order confirmed our is it a pre-order?
D. Michery: No, we’re actually building for them. We’re excited, we’re gonna deliver the pilot vehicles to them in the second quarter as we stated. This is a major… a Fortune 500 company, I’ll put it that way.
Q: Q2 starts on Friday, would you say early Q2 or late Q2?
D. Michery: It’s gonna be in Q2. We’re gonna turn it into a press event. Everyone will know, they will see and be part of it. (Check the full interview here.)
Class 1 Commercial Cargo Van
The model features a 40-kWh battery pack and rear wheel drive electric motor. Vehicle will have modular 210 cu. ft cargo area that can be easily adapted to different client configuration requirements. Vehicle range is estimated at 160 miles plus.
Class 2 Commercial EV Fleet Van
Vehicle is based on Class 2 Cargo Van with a 78.8-kWh battery pack and rear wheel drive electric motor. Vehicle will have modular 420 cu. ft cargo area that can be easily adapted to different configuration requirements. Vehicle range is estimated at 200 miles plus.
Last week, the company announced the solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. BIC is focused on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.
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.
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.
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”.
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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.
Written by Cláudio Afonso | info@claudio-afonso.com