Mullen Announces New European Distributor, GAMA, for the Balkans Region
24 5월 2024 - 10:00PM
via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an electric vehicle (“EV”) manufacturer, today
announces GAMA as an additional European distribution partner for
southeastern Europe covering the Balkans Region, which includes
Bosnia Herzegovina, Serbia, Montenegro, Croatia, Slovenia,
Macedonia, Albania, Greece and Bulgaria. GAMA will represent
Mullen’s full commercial electric vehicle product line.
GAMA has extensive experience with electric vehicles in the
Balkan market and has distributed more than 300 vehicles in the
last year including private and municipal sales. GAMA has a strong
reputation responding to and winning public tenders for local
government opportunities. GAMA’s distribution network includes
eight sub dealers in the Balkan Region supporting sales, service
and parts operation and is currently building a new facility in
Belgrade.
GAMA’s initial vehicle order includes 53 commercial EVs,
consisting of urban delivery vehicles and commercial vans and
trucks.
“This is part of Mullen’s global expansion into additional
European markets and we are excited to secure and announce GAMA as
a first distributor for the Balkans Region of southeastern Europe,”
said David Michery, CEO and chairman of Mullen Automotive.
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 and EPA certified and
available for sale in the U.S.
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 are difficult to
predict. Examples of such risks and uncertainties include, but are
not limited to, whether GAMA will be successful in selling Mullen’s
vehicles and whether GAMA will get purchase orders for Mullen
vehicles from government agencies. Additional examples of such
risks and uncertainties include but are not limited to: (i) ability
(or inability) to obtain additional financing in sufficient amounts
or on acceptable terms when needed; (ii) ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (iii)
ability to successfully expand in existing markets and enter new
markets; (iv) 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’s business; (viii) changes in
government licensing and regulation that may adversely affect
Mullen’s business; (ix) the risk that changes in consumer behavior
could adversely affect Mullen’s business; (x) ability to protect
intellectual property; and (xi) 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 with the Securities
and Exchange Commission. Mullen anticipates that subsequent events
and developments may cause its plans, intentions and expectations
to change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result 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’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
Mullen Automotive (NASDAQ:MULN)
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