Mullen and Improvement Companions Take Strong-State Polymer Battery Cell Know-how to the Automobile Pack Stage

Mullen Technologies, Inc.

Mullen Applied sciences, Inc.

Partnership with LGG (Linghang Guochuang Group) is on observe and centered on taking solid-state polymer battery cell know-how into automobile pack stage improvement. Strong-state batteries are deliberate for Mullen’s second-generation Mullen FIVE EV Crossover and present promise of over 300 miles of vary delivered in 18 minutes with DC quick charging.

Mullen and LGG progress to pack stage improvement for solid-state polymer batteries

Solid-state polymer batteries planned for second generation of Mullen FIVE EV Crossover.

Strong-state polymer batteries deliberate for second technology of Mullen FIVE EV Crossover.

BREA, Calif., Might 16, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Firm”), an rising electrical automobile (“EV”) producer, publicizes immediately an replace on its partnership with Linghang Guochuang Group (LGG). The Mullen and LGG partnership is presently centered on taking solid-state polymer battery cell know-how into automobile pack stage improvement for Mullen Automotive. Strong-state polymer batteries are presently deliberate for the second technology of the Mullen FIVE EV Crossover.

Mullen and LGG are on observe with their current partnership, which was initially began in late 2019 and subsequently sidelined in 2020 as a result of COVID-19 outbreak. In current months, the 2 corporations have made progress and are happy to announce they’ve began integrating the solid-state polymer cell know-how into the automobile pack stage. Mullen has introduced beforehand that solid-state polymer batteries are presently deliberate for the second technology of the Mullen FIVE EV Crossover. Information collected from solid-state cell testing exhibits spectacular outcomes for solid-state batteries, together with potential vary of 600 miles on a full cost and over 300 miles of vary delivered in 18 minutes with DC quick charging.

“Linghang Guochuang is happy to have the ability to proceed on with our authentic written settlement (11-26-2019) with Mullen,” mentioned Yao Wang, GM for Linghang Guochuang.

“I’m happy to announce immediately that Mullen Automotive and LGG are transferring ahead on solid-state automobile pack stage improvement,” mentioned David Michery, CEO and chairman of Mullen Automotive. “Scaling from the cell stage to pack stage improvement is a serious accomplishment and one I’m proud to announce is progressing with LGG as our companion.”

Mullen just lately introduced the “Strikingly Completely different” US Take a look at Drive Tour, protecting 19 cities throughout the US The tour will start this fall in Southern California and work its means all through the US Additional particulars will be discovered right here, or place your Mullen FIVE reservation right here.

About Mullen
Mullen is a Southern California-based automotive firm that owns and companions with a number of synergistic companies working towards the unified purpose of making clear and scalable vitality options. Mullen has advanced over the previous decade in sync with shoppers and know-how traits. Right this moment, the Firm is working diligently to supply thrilling EV choices constructed solely in the USA and made to suit completely into the American client’s life. Mullen strives to make EVs extra accessible than ever by constructing an end-to-end ecosystem that takes care of all facets of EV possession.

Ahead-looking statements
Sure statements on this press launch that aren’t historic information are forward-looking statements throughout the which means of Part 27A of the Securities Trade Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Phrases corresponding to “proceed,” “will,” “could,” “might,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “imagine,” “estimate, ” “predict,” “potential” and comparable expressions are meant to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are usually exterior the management of Mullen and are tough to foretell. Examples of such dangers and uncertainties embody however aren’t restricted as to if the Firm will obtain its aims of launching its EV crossover, the FIVE, inside anticipated timelines and, if that’s the case, if the FIVE might be a hit; whether or not manufacturing of its personal EV battery packs might be profitable, cut back dependency on third-party suppliers or lead to decrease prices and elevated general high quality; and whether or not the Firm’s partnerships with ARRK, Dürr, and DSA Methods and Over the Air (OTA) will lead to expediting the rollout of the FIVE. Further examples of such dangers and uncertainties embody however aren’t restricted to: (i) Mullen’s capability (or incapacity) to acquire extra financing in enough quantities or on acceptable phrases when wanted; (ii) Mullen’s capability to keep up current, and safe extra, contracts with producers, elements and different service suppliers regarding its enterprise; (iii) Mullen’s capability to efficiently broaden in current markets and enter new markets; (iv) Mullen’s capability to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the flexibility to draw and retain certified workers and key personnel; (vii) adversarial results of elevated competitors on Mullen’s enterprise; (viii) modifications in authorities licensing and regulation which will adversely have an effect on Mullen’s enterprise; (ix) the chance that modifications in client conduct might adversely have an effect on Mullen’s enterprise; (x) Mullen’s capability to guard its mental property; and (xi) native, trade and common enterprise and financial circumstances. Further components that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements will be present in the newest annual report on Type 10-Ok, quarterly stories on Type 10-Q and present stories on Type 8- Ok filed by Mullen with the Securities and Trade Fee. Mullen anticipates that subsequent occasions and developments could trigger his plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation to replace any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as expressly required by legislation. Ahead-looking statements communicate solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Service Contact:
Investor Wire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Workplace
[email protected]

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