Mullen Automotive Completes Delivery of 38 Class 3 Vehicles to Randy Marion Automotive Group

Mullen Automotive, Inc. MULN, known for its innovative electric vehicle solutions, has achieved a significant milestone by delivering 38 Class 3 electric vehicles to the Randy Marion Automotive Group. This delivery marks a substantial progression in the fulfillment of a massive order spanning 1,000 Class 3 vehicles that Randy Marion had previously placed with Mullen.

Impressive Invoice Total Reflects Strong Demand

The vehicles delivered to Randy Marion have been invoiced for a total of $2.5 million, indicating not only a significant revenue stream for Mullen Automotive but also the growing market demand for electric commercial vehicles. These Class 3 electric vehicles are a part of an extensive commitment by Randy Marion to modernize their fleet with efficient, eco-friendly transportation options.

Scaling Up Production in Tunica, Mississippi

Mullen Automotive has its sights set on expanding production capabilities at its Tunica, Mississippi manufacturing facility. For the remainder of the year 2023, production of Class 3 vehicles in Tunica is slated to reach 150 vehicles. With the bigger picture in mind, Mullen is preparing to ramp up its annual production capacity to an impressive 3,000 Class 3 vehicles to meet the demand from Randy Marion and other potential clients.

A Look Forward for Mullen Automotive

With the automotive industry rapidly transitioning to electric vehicles, MULN's execution of large-scale orders such as the one from Randy Marion Automotive Group signifies its strong position in the electric commercial vehicle market. The company's strategic production targets and delivery accomplishments could stimulate further investor interest in Mullen's growth trajectory and adoption within the electric vehicle sector.

Mullen, Automotive, Electric