via IBN – Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today that its subsidiary, Bollinger Motors
(“Bollinger”), has achieved a key commercial EV milestone with its
B4 all-electric, Class 4 low cab forward chassis truck, receiving
certification from the California Air Resources
Board (“CARB”).
The CARB certification is a requirement to sell vehicles in the
CARB-compliant states of California, Colorado, Connecticut,
Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico,
New York, Oregon, Pennsylvania, Rhode Island, Vermont and the
District of Columbia. All CARB states and locations have adopted
vehicle standards Section 177 of the Clean Air Act (42 U.S.C.
§7507), which requires additional approvals beyond Environmental
Protection Agency regulations.
CARB certification provides a path for Bollinger Motors’
customers to qualify for additional state incentives, such as
California’s HVIP project (“HVIP”). When combined with the B4’s
$40,000 IRS rebate, HVIP can offer a rebate of up to $60,000,
adding up to $100,000 in combined total savings.
Bollinger Motors will begin production of the B4
on Sept. 16, 2024, with customer deliveries to begin in
October.
“The CARB certification represents an important
milestone in our mission to bring a world-class electric vehicle to
market,” said Bryan Chambers, Bollinger Motors’ president and chief
operating officer. “Environmental requirements are critical
to meeting customer expectations and providing sale-ready vehicles.
With this important accomplishment, the B4 is one step closer to
electrifying vehicle fleets from coast-to-coast.”
The CARB certification is among a long list of Bollinger Motors’
milestones in recent months including receiving the Certificate of
Conformity from the Environmental Protection Agency;
providing full warranty coverage of the B4 chassis cab; a 145
vehicle sale to Momentum Group; a 70 vehicle sale to Doering Fleet
Management; a 50 vehicle sale to EnviroCharge; the addition of TEC
Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss
Truck & Equipment, and LaFontaine Automotive Group as dealers
and service centers; adding Our Next Energy in Novi,
Michigan, to supply battery packs; teaming up with Syncron as
its warranty administration partner; and adding Amerit Fleet
Solutions as its mobile service provider.
To learn more about Bollinger Motors, visit
www.BollingerMotors.com.
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a
U.S.-based company headquartered in Oak Park, Michigan. Bollinger
Motors is developing all-electric commercial chassis cab trucks,
Classes 4-6. In September of 2022, Bollinger Motors became a
majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN).
Learn more at www.BollingerMotors.com and
www.MullenUSA.com.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of commercial electric vehicles (“EVs”) with two United
States-based vehicle plants located in Tunica, Mississippi,
(120,000 square feet) and Mishawaka, Indiana (650,000 square feet).
In August 2023, Mullen began commercial vehicle production in
Tunica. In September 2023, Mullen received IRS approval for federal
EV tax credits on its commercial vehicles with a Qualified
Manufacturer designation that offers eligible customers up to
$7,500 per vehicle. As of January 2024, both the Mullen ONE, a
Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis
truck, are California Air Resource Board (“CARB”) and EPA certified
and available for sale in the U.S. CARB issued HVIP approval on the
Mullen THREE, Class 3 EV truck, providing up to a $45,000 cash
voucher at time of vehicle purchase. The Company has also recently
expanded its commercial dealer network with the addition of
Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range
Truck Group and Eco Auto, providing sales and service coverage in
key Midwest, West Coast and Pacific Northwest and New England
markets. The Company also recently announced Foreign Trade Zone
(“FTZ”) status approval for its Tunica, Mississippi, commercial
vehicle manufacturing center. FTZ approval provides a number of
benefits, including deferment of duties owed and elimination of
duties on exported vehicles.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and Bollinger Motors and
are difficult to predict. Examples of such risks and uncertainties
include how long state and federal electric vehicle incentive
programs will continue to apply and Bollinger Motors’ B4 Class
trucks’ ability to qualify for such incentive programs; the impact
of incentive programs on the resultant price of the Bollinger B4
Class trucks and whether the anticipated start of production and
vehicle delivery dates will be realized.
Additional examples of such risks and uncertainties include but
are not limited to: (i) Mullen and Bollinger Motors' ability (or
inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Mullen and Bollinger Motors'
ability to maintain existing, and secure additional, contracts with
manufacturers, parts and other service providers relating to its
business; (iii) Mullen and Bollinger Motors' ability to
successfully expand in existing markets and enter new markets; (iv)
Mullen and Bollinger Motors' ability to successfully manage and
integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs
and actual or contingent liabilities; (vi) the ability to attract
and retain qualified employees and key personnel; (vii) adverse
effects of increased competition on Mullen and Bollinger Motors'
business; (viii) changes in government licensing and regulation
that may adversely affect Mullen and Bollinger Motors' business;
(ix) the risk that changes in consumer behavior could adversely
affect Mullen and Bollinger Motors' business; (x) Mullen and
Bollinger Motors' ability to protect its intellectual property;
(xi) the vehicles developed will perform as expected and (xii)
local, industry and general business and economic conditions.
Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form
10-K, quarterly reports on Form 10-Q, and current reports on Form
8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is
a partially owned subsidiary, with the Securities and Exchange
Commission. Mullen and Bollinger Motors anticipate that subsequent
events and developments may cause its plans, intentions, and
expectations to change. Mullen and Bollinger Motors assume no
obligation, and specifically disclaims any intention or obligation,
to update any forward-looking statements, whether because of new
information, future events, or otherwise, except as expressly
required by law. Forward-looking statements speak only as of the
date they are made and should not be relied upon as representing
Mullen and Bollinger Motors' plans and expectations as of any
subsequent date.
Bollinger Media Contact: Mike DeVilling(248)
875-4207, mdevilling@westshorepr.com
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:IBN Los Angeles,
California www.InvestorBrandNetwork.com 310.299.1717 Office
Editor@InvestorBrandNetwork.com
- CARB Certification is a Key Milestone for Selling Vehicles in
CARB States and District of Columbia
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