Brief: Mullen Automotive Inc says To Gradually Ramp Up Production Rate For Class 3 EV Truck

Bollinger Innovations

21/08/2023 12:44

Aug 21 (Reuters) - 
  
    * MULLEN AUTOMOTIVE INC - WILL BE GRADUALLY RAMPING UP
PRODUCTION
RATE THROUGH BALANCE OF THIS CALENDAR YEAR FOR CLASS 3 EV TRUCK
    * MULLEN - ONCE FULL ACCELERATION ACHIEVED, CLASS 3
PRODUCTION
CAPACITY AT TUNICA FACILITY IS CURRENTLY PLANNED AT 3,000
VEHICLES ANNUALLY PER SHIFT
    * MULLEN AUTOMOTIVE INC - PLANS TO ADD A SECOND SHIFT FOR
CLASS 3
PRODUCTION, WHICH WILL INCREASE CAPACITY TO 6,000 TOTAL VEHICLES
PER YEAR
    * MULLEN AUTOMOTIVE INC - MULLEN THREE HAS A MSRP STARTING
AT
$68,500

Source text for Eikon:  ID:nGNEvj2G5 
Further company coverage:  MULN.O 

 (Reporting by Aishwarya Jain)
 ((Aishwarya.Jain@thomsonreuters.com;))