Mullen enters into sales and service agreement with Papé Kenworth, one of America’s leading dealership groups

The Papé Group, which includes Papé Kenworth, is comprised of five operating companies with more than 150 locations in nine states and 85 cities, with more than 815 service bays and 1,500 technicians

Papé Kenworth is Mullen’s newest commercial electric vehicle dealer and the seventh new retailer announced in recent months

BREA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive, Inc. (NASDAQ: MULNA) (“Mullen” or the “Company”), a manufacturer of electric vehicles (“EVs”), today announces the addition of leading full-service dealership Papé Kenworth to its network of electric vehicle dealerships. Based in Eugene, Oregon, Papé Kenworth becomes Mullen’s seventh franchise partner, expanding fleet capabilities for the company’s full line of electric vehicles. Papé Group, which includes Papé Kenworth, is comprised of five operating companies with more than 150 locations in nine states, 815 service bays and more than 1,500 technicians.

With more than 30 locations, Papé Kenworth is the West’s leading full-line Kenworth truck dealer, offering an extensive parts line and reliable service departments that are committed to delivering reliable, durable truck equipment solutions that help customers meet their operational needs and uptime standards. To continue this partnership with customers who now need to adapt to changing regulations, Kenworth provides zero-emission trucks for a wide range of applications.

The partnership aims to accelerate the adoption of commercial electric vehicles throughout the region by combining Mullen’s innovative line of electric vehicles with Papé Kenworth’s extensive dealer network, deep knowledge of the commercial truck market and established reputation for exceptional customer service.

The partnership is consistent with Mullen’s commitment to providing broad access to its innovative electric vehicles and Papé Kenworth’s commitment to offering a variety of transportation solutions to meet the needs of all customers. With a strong reputation for exceptional customer service and an extensive network in the West, Papé Kenworth will play a key role in introducing Mullen’s commercial electric vehicles to the broader market.

“We are excited to welcome Mullen to our commercial electric vehicle lineup. This addition allows us to not only meet the needs of our customers and maintain their efficiency standards, but also be a partner to our customers as they adapt to changing regulations,” said Dave Laird, president, Papé Kenworth.

“Papé Kenworth is a hallmark dealer and distributor with unmatched and deep experience supporting the nation’s fleets with their equipment and logistics needs,” said David Michery, CEO and president of Mullen Automotive. “Their extensive reach and experience in the commercial vehicle industry will play a key role in introducing Mullen commercial vehicles to the broader marketplace.”

Mullen’s electric vehicle offering includes the Mullen ONE, a Class 1 EV delivery van, and the Mullen THREE, a Class 3 EV cab-over truck purpose-built to meet the demands of last-mile urban delivery. Both vehicles are available for sale and fully compliant with U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications.

Mullen THREE recently qualified for $15,000 incentive through Massachusetts MOR-EV program and $45,000 voucher from California’s Hybrid and Zero-Emission Truck and Bus Purchase Incentive Program (HVIP).Mullen ONE also qualifies for $3,500 MOR-EV Rebate Program in MassachusettsCombined with a $7,500 federal tax incentive, both vehicles offer significant savings for commercial fleet customers.

About Papé Kenworth
Papé Kenworth is part of the Papé Group, a leading provider of capital equipment in the West. For more than 85 years, Papé has been dedicated to maximizing customer uptime through the highest quality equipment, convenient maintenance and the best customer service. This fourth-generation family-owned company is dedicated to providing customers with high-quality products and unmatched service. As a leading provider of construction, logging, material handling, landscaping, trenching and agricultural equipment, as well as trucks and warehouse products, Papé meets expectations by providing customers with a complete solution.

To learn more about Papé Kenworth, please visit www.PapeKenworth.com

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company that is building the next generation of commercial electric vehicles (“EVs”) with two manufacturing facilities in the United States, located in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began producing commercial vehicles in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with the Qualified Manufacturer designation, which offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV delivery van, and the Mullen THREE, a Class 3 EV cab-over truck, are California Air Resource Board (“CARB”) and EPA certified and are available for sale in the United States. CARB recently issued HVIP approval for the Mullen THREE, a Class 3 EV truck, providing a cash voucher of up to $45,000 at the time of vehicle purchase. The company also recently expanded its commercial dealer network to include Pritchard EV, National Auto Fleet Group, Ziegler Truck Group and Range Truck Group, providing sales and service in key Midwest, West Coast and Pacific Northwest markets. The company also recently announced approval of Free Trade Zone (“FTZ”) status for its commercial vehicle manufacturing center in Tunica, Mississippi. FTZ approval provides a number of benefits, including deferral of applicable duties and elimination of duties on exported vehicles.

To learn more about the Company, please visit www.MullenUSA.com.

Forecast statements
Certain 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 in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “anticipated,” “plans,” “intends,” “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 by the forward-looking statements, many of which are generally beyond Mullen’s control and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether Papé Kenworth will be successful in selling and servicing Mullen vehicles, the length of time government incentives for electric vehicles will remain in effect and the resulting sales prices for Mullen vehicles. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing and secure additional contracts with manufacturers, parts and other service providers related to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s 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 on Mullen’s business from increased competition; (viii) changes in governmental licensing and regulations that could adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its 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 Mullen’s 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 could cause its plans, intentions and expectations to change. Mullen disclaims no obligation, and specifically disclaims any intention or undertaking, 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 reflecting Mullen’s plans or expectations with respect to any subsequent date.

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

Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

• Papé Kenworth operates more than 30 dealerships in the Western U.S.
• Papé Kenworth is part of the Papé Group, a leading supplier of capital equipment in the Western