Mullen Automotive Inc. (NASDAQ: MULN) Retrofits Existing Facility to Move EV Battery Pack Production In-House
Global EV market projected to see 24.5% CAGR between 2022 and 2028 MULN announces plans to modify high-voltage plant to produce packs used for company’s EVs Company anticipates using its own revolutionary solid-state battery technology in its second-generation Mullen FIVE EV Crossovers Strategic move reduces company’s reliance on third-party suppliers, reduces impact of supply and critical component shortages Amid a growing global demand for electric vehicles (“EV”), smart companies operating in the space are looking for ways to differentiate themselves from the competition. That’s exactly what Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle manufacturer, has done with its recently…