About Mullen Automotive, Inc. - Common Stock (MULN)
Mullen Automotive, Inc. is an electric vehicle manufacturer focused on designing and producing innovative electric cars and commercial vehicles aimed at enhancing sustainable transportation. The company is committed to developing advanced battery technologies and integrating cutting-edge features in their vehicles, while also emphasizing performance, design, and user experience. Mullen Automotive aims to capture a significant share of the rapidly growing electric vehicle market through its diverse lineup of vehicles, which includes both consumer-oriented models and fleet solutions for businesses. Read More
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Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Mullen Automotive (NASDAQ: MULN) announced that its commercial electric vehicles are now eligible for incentives under Illinois’ ComEd Business & Public Sector EV Rebate Program. Businesses purchasing Mullen vehicles through Pritchard EV or Range Truck Group may qualify for up to $7,500 per Mullen ONE Class 1 cargo van, with total savings reaching $15,000 when combined with federal tax credits. Medium-duty EVs may qualify for rebates up to $30,000, though those applications are currently waitlisted due to high demand. The ComEd program joins existing state-level incentives in California and Massachusetts, further expanding cost-saving options for fleet electrification.
The ComEd Business & Public Sector EV Rebate Program joins the growing list of state-level incentives already available for Mullen Commercial EVs, including California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project and Massachusetts Offers Rebates for Electric Vehicles program
As the regular session of the US market concludes on Wednesday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Mullen Automotive Inc. (NASDAQ:MULN) stock is trending Tuesday. The electric vehicle manufacturer announced plans to relaunch its Mullen FIVE RS EV Crossover, with sales set to begin in Germany in December 2025.
Analysis published by Wards Intelligence has revealed that hybrid vehicle sales in the U.S. have continued to rise while battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV) sales stagnated and stayed flat. BEVs, hybrids, and PHEVs accounted for roughly 22% of the light-duty cars sold in the U.S. in Q1 2025, up from 18% during the same quarter in 2024, indicating a slight increase in demand for alternative energy vehicles in the U.S.
Mullen Automotive (NASDAQ: MULN) announced the relaunch of its ultra-high-performance Mullen FIVE RS EV Crossover, with vehicle sales targeted to begin in Germany by December 2025. Following successful 800V battery testing at TUV SUD in Munich, the vehicle is entering on-road validation as part of its final homologation process. Mullen has partnered with Germany-based Faissner Petermeier Fahrzeugtechnik AG (FPF), a veteran automotive engineering and manufacturing firm, to ensure production meets the highest global standards. The FIVE RS boasts a top speed of 200 mph, 0–60 acceleration under two seconds, and over 1,100 horsepower. Mullen plans to expand sales across the EU, UAE, and South Africa in 2026, with a U.S. launch to follow based on international performance.
Mullen Automotive (NASDAQ: MULN) has acquired an additional 21% stake in Bollinger Motors, bringing its total ownership to 95% and increasing shareholder equity by approximately $3.5 million. The move follows Mullen’s resolution of outstanding claims and debt that had placed Bollinger under court-ordered receivership, a case now dismissed with prejudice. Bollinger will continue operating independently under Mullen’s ownership, with its commercial EV lineup—led by the all-electric B4 Chassis Cab—receiving full support for sales, service, and warranty. Mullen plans to leverage synergies to accelerate the B4’s development and drive growth within the commercial EV space.
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