FAQ on Mullen Automotive Inc.'s Expansion of U.S. Battery Manufacturing

What is Mullen Automotive Inc.’s plan regarding U.S. battery manufacturing?

Mullen Automotive Inc. has submitted a revised plan to the U.S. Department of Energy to bolster domestic battery production at its Mishawaka, Indiana, and Fullerton, California, facilities, seeking $55 million in matching DOE funds under a program funded by the Bipartisan Infrastructure Law.

Why is Mullen Automotive’s battery manufacturing expansion significant?

This expansion positions Mullen Automotive as a leader in U.S. advanced battery manufacturing, aligning with DOE goals to expand clean energy production and supporting the company’s commitment to building the next generation of commercial electric vehicles.

How much has Mullen Automotive invested in its battery manufacturing facilities?

Mullen Automotive has invested $12 million to date, with an additional $43 million planned for its Mishawaka, Indiana, and Fullerton, California, facilities.

Where are Mullen Automotive’s battery manufacturing facilities located?

Mullen Automotive’s battery manufacturing facilities are located in Mishawaka, Indiana, and Fullerton, California.

When is the first production of battery systems expected to begin?

The first production units are set for delivery in mid-2025, with additional lines launching in subsequent years.

What are the focuses of the Mishawaka and Fullerton facilities?

The Mishawaka facility will prioritize high-volume battery production, while Fullerton will focus on research, development, and prototype production.

How does Mullen Automotive’s plan align with the DOE’s goals?

Mullen Automotive’s plan aligns with the DOE’s goals to expand clean energy production by bolstering domestic battery manufacturing and supporting the development of commercial electric vehicles.

What are the benefits of Mullen Automotive’s Foreign Trade Zone (FTZ) status?

FTZ status approval for its Tunica, Mississippi, commercial vehicle manufacturing center provides benefits such as deferment of duties owed and elimination of duties on exported vehicles.

Where can I find more information about Mullen Automotive Inc.?

For more information about Mullen Automotive Inc., visit www.MullenUSA.com.

How can I stay updated on news relating to Mullen Automotive Inc.?

The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN.