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Mullen to end up being unique maker and supplier of EV freight vans for Class 1 and Class 2 sections for subsidiary of World’s Largest Supplier of Rail Transit Equipment.
BREA, Calif., Sept. 21, 2021 (WORLD NEWSWIRE) — by means of FinancierWire – Mullen Technologies, Inc., an emerging electrical automobile maker, which formerly revealed a conclusive arrangement to combine with Net Element (Nasdaq: NETE), reveals today that it has actually participated in a conclusive arrangement with Tenglong Automotive, a subsidiary of CRRC Group, for production, circulation and retail sales of Class 1 and Class 2 EV Cargo Vans in the U.S. and Mexico. The arrangement offers Mullen with a reliable option for the fast-developing EV freight van market and its existing EV fleet van orders. Mullen will homologate and put together the vans at its Advanced Manufacturing and Engineering Facility (AMEC), situated in Tunica, Mississippi. Vehicles will be put together in the United States and branded: “Assembled in the United States.”
Mullen’s Class 1 EV freight van (FREIGHT®) is based upon a 120-inch wheelbase, 40-kWh battery pack, rear-wheel drive and modular 210 cubic feet freight location. Vehicle variety is approximated at 160 miles with a max payload of 2,249 pounds. Mullen’s Class 2 EV van (ONE®) is based upon a 144-inch wheelbase, 78.8-kWh battery pack, rear-wheel drive and modular 460 cubic feet freight location. Vehicle variety is approximated at over 200 miles with a max payload of 3,296 pounds. Both EV vans are constructed on a comparable skateboard platform that permits modular freight locations that can be quickly adjusted to various customer setup requirements.
“EV Cargo Vans are a natural segment for us and is a perfect fit for our Tunica AMEC facility. This is also a win-win for us and our investors. We can begin to fulfill existing fleet orders in the first quarter of 2022, which will generate revenue and begin our manufacturing process in Tunica, Mississippi. We expect to hire a significant number of Americans for start of production at our AMEC facility,” stated David Michery, CEO and chairman of Mullen.
“We are very happy to work with our new North American Partner, Mullen Technologies. They have a great team and we know that they will be very successful in this market. We are looking forward to providing the best service and products for their rapidly expanding EV market,” stated Li Yongyan, director of International Trade for Tenglong.
About Mullen:
Mullen Technologies is a Southern California-based certified automobile maker that runs in numerous verticals, concentrating on the automobile market: Mullen Automotive, Mullen Energy, Mullen Auto Sales, Mullen Funding Corp. and CarHub. Each of these departments offers Mullen with a variety of services and products within the automobile market. For more info, please check out www.MullenUSA.com.
About Tenglong Automotive (CRRC):
Headquartered in Beijing, CRRC Corporation Limited (CRRC) has actually 46 entirely owned and majority-owned subsidiaries with over 180,000 workers. CRRC is the world’s biggest provider of rail transit devices with the most total line of product and leading innovations. Its primary services cover the R&D, style, manufacture, repair work, sale, lease and technical services for rolling stock, city rail transit automobiles, engineering equipment, all kinds of electrical devices, electronic devices and parts, electrical items and environmental management devices, in addition to speaking with services, commercial financial investment and management, possession management, and import and export. For more info, please check out https://www.crrcgc.cc/ and https://www.tenglongauto.cn/.
Forward-Looking Statements:
This news release consists of “forward-looking statements.” Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable expressions, in addition to declarations in future tense, typically represent positive declarations. These positive declarations consist of, without restriction, declarations associating with the suggested production date of the MX-05 midsize and viewed benefits and future implementation of the solid-state polymer battery innovation. These positive declarations are, by their nature, based on considerable dangers and unpredictabilities. Forward-looking declarations need to not read as a warranty of future efficiency or outcomes and might not be precise signs of when such efficiency or outcomes will be attained. Forward-looking declarations are based upon info that the Company has when those declarations are made or management’s great faith belief since that time with regard to future occasions and go through dangers and unpredictabilities that might trigger real efficiency or results to vary materially from those revealed in or recommended by the positive declarations, consisting of any modifications in the laws, guidelines and policies associating with any elements of the Company’s organization operations; basic financial, market and organization conditions, consisting of capital market advancements; the actions and advancements of the Company’s rivals and the impacts of competitors in the EV market on the need for, and cost of, the Company’s existing and suggested services and products; numerous organization chances that the Company, and aspects beyond the Company’s control. As an outcome of these and other dangers, unpredictabilities and presumptions, positive occasions and situations gone over herein may not happen in the method the Company anticipates, or at all. Accordingly, you need to not put dependence on any positive info or declarations. The Company presumes no commitment to openly upgrade or modify its positive declarations as an outcome of brand-new info, future occasions or otherwise. All positive declarations herein are certified by referral to the cautionary declarations stated in this area.
For Information, Please Contact:
Mullen Technologies, Inc.
+1 (714) 613-1900
www.MullenUSA.com
marketing@mullenusa.com
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