GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on EMM Installation in Nation’s Capital, Recent Stock Performance
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has provided an update on the testing and installation of Energy Management Modules (“EMM”) comprised of 40 Chevrolet Bolts within the Washington, DC, city government’s vehicle fleet. According to the update, Mullen Advanced Energy Operations (“MAEO”) has been collaborating on the testing; MAEO is a 51%-owned subsidiary of Mullen Automotive EV Technologies LLC and Global EV Technology Inc. as partners. The contract for the purchase and installation of EMM units on Chevrolet Bolts had been awarded to EV Technologies earlier, and initial phase of contract execution requires vehicle calibration testing…