Mullen Automotive Ramps Up Battery Production and Embarks on Solid-State Pack Testing for EVs

Mullen Automotive Inc. MULN is poised to reshape the electric vehicle (EV) landscape with the addition of a new high-capacity facility designed to spearhead advanced battery programs. Located in Fullerton, California, this facility boasts the capability to produce an impressive 1 GWh of battery packs per year. The focus on these battery packs is a strategic move by Mullen to further entrench its position in the rapidly expanding realm of zero-emission transportation. The company's EV battery initiative evidences a dedication to green technology and exemplifies Mullen's contribution to reducing the carbon footprint of vehicles.

Enhanced Facility Operations

With the anticipated closure of the Monrovia, California facility by the end of 2023, Mullen plans to consolidate its operations. The equipment used for battery testing and production at Monrovia will be relocated to the newly acquired state-of-the-art premises in Fullerton. This move aims to centralize the company's battery development efforts, optimizing resource allocation and enhancing production efficiency. The Fullerton complex represents Mullen's commitment to innovative EV battery technology, particularly solid-state polymer batteries, and positions the company at the forefront of the next generation in EV power sources.

Solid-State Polymer Battery Integration

Commencing December 2023, Mullen will initiate the calibration of solid-state polymer (SSP) battery BMS (Battery Management System) for Class 1 EV cargo vans. This will pave the path for practical testing of the solid-state battery packs within the same vehicle class during the first quarter of 2024. Mullen's progression into SSP technology underscores a pivotal leap in energy storage, with the potential to vastly increase the efficacy of power delivery for electric vehicles. Notably, the current LFP (Lithium Iron Phosphate) battery technology, which provides a range of 110 miles, is expected to be succeeded by solid-state polymer batteries, amplifying the range to over 190 miles. This advancement is projected to result in a 73% increase in range, cementing Mullen's leading position across all Class 1 commercial vehicles in terms of mileage.

American-Made EV Initiative and Legislative Tailwinds

With the Inflation Reduction Act (IRA) of 2022, Mullen's initiative to champion American-made, packaged EV batteries has gained momentum. The IRA provisions substantial incentives both for EV customers and manufacturers, including those whose vehicles incorporate domestically sourced batteries and materials. This legislation aligns with Mullen's approach and adds a layer of economic incentive to accelerate its development efforts in the EV battery sector.

Company Overview

Based in Southern California, Mullen Automotive MULN is an enterprising automotive company on a mission to build and manufacture the next generation of EVs. Mullen boasts a portfolio that includes various electric vehicle offerings such as the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, and the Mullen Commercial Class 1-3 EVs. Through strategic acquisitions, such as the majority ownership of Bollinger Motors and the purchase of assets from Electric Last Mile Solutions (ELMS), Mullen has reinforced its role in the burgeoning EV market.

Future Focused

As Mullen MULN steers towards enabling wider adoption of EVs, it strengthens its position within the industry. The company continues to innovate, aligning with environmental goals and regulatory incentives to establish a sustained presence in the zero-emission vehicle segment. Looking forward, the solid-state battery testing in Class 1 EV cargo vans is just one of the many milestones that Mullen sets to achieve as it commits to delivering next-generation battery technology for a cleaner and safer future.

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