Mullen Commemorates Start of Class 3 Vehicle Production with Successful Commercial EV Launch Event

 Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer announces that it held its first Tunica open house event today, highlighting its first Class 3 EV trucks rolling off the assembly line.

Today’s launch event was conducted to provide attendee’s the opportunity to visit Mullen’s Tunica facility. In addition to a facility tour, the event featured a company presentation and test drives for Class 1 and Class 3 commercial vehicles. Attendees included local county and state leadership, media, investors and customers.

“It’s exciting to share this milestone with local leadership, investors and customers,” said David MI Chery, CEO and chairman of Mullen Automotive, Inc.

Mullen will be gradually ramping up its Class 3 production rate through the remaining of this calendar year. Once full acceleration has been achieved, production capacity at the Tunica facility is currently planned at 3,000 Class 3 vehicles annually per shift. As electric vehicle adoption rates increase, Mullen plans to add a second shift for Class 3 production, which will increase capacity to 6,000 total vehicles per year.

During the ramp up in volume of the Mullen THREE, the production testing and launch of the Mullen ONE, Class 1 EV Cargo Van will also take place in Tunica, achieving deliveries on customer orders for both commercial Class 1 and Class 3 vehicles by year end.

Whenever a new vehicle program hits this stage, it’s great that we can bring key people to the plant like we did today with our dealer, Randy Marion, and first customer, MGT, so they feel the excitement first-hand and see the reality that our vehicles are heading their way very soon,” said John Schoeman, Chief Commercial Sales Officer, Mullen Automotive, Inc.

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