Mullen Automotive (NASDAQ: MULN) Subsidiary Announces Key Executive Appointments

Mullen Automotive (NASDAQ: MULN), a manufacturer of electric vehicles (“EVs”), and its subsidiary Bollinger Motors, announced changes to Bollinger’s board of directors. According to the announcement, former General Motors (“GM”) executive James Taylor has been named CEO, replacing company founder Robert Bollinger; Bollinger, a principal shareholder, will remain on the company’s board of directors. Bryan Chambers has also been named president and chief operating officer, and Siva Kumar has been named chief strategy officer and senior vice president of finance. Taylor worked with Bollinger on the development of the all-electric Bollinger B4 Class 4 Chassis Cab. He has more than three decades of automotive experience and has held executive positions at several companies, including Cadillac and Hummer. He also has an impressive track record in the electric vehicle industry, working with companies such as Electric Last Mile Solutions, Workhorse, Karma, SF Motors and Mullen. Both Chambers and Kumar previously worked at Bollinger Motors. Chambers joined the company in 2018, most recently serving as chief operating officer. Kumar joined Bollinger in 2022 as chief financial officer. Bollinger Motors is developing fully electric Class 4-6 chassis-cab trucks. “I am grateful and excited for this opportunity to continue to move Bollinger Motors toward a leadership role in the electric vehicle industry,” Bollinger Motors CEO James Taylor said in a press release. “Robert and his team have done an incredible job of creating a world-class electric truck with the Bollinger B4 and upcoming Bollinger B5. The market response has been very encouraging and we are well-positioned to revolutionize the Class 4 truck market.”

To read the full press release, visit https://ibn.fm/NNUbw

About Mullen Automotive Inc.

Mullen Automotive is a Southern California-based automotive company that builds the next generation of commercial electric vehicles (“EVs”) at two 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 approved the Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (“HVIP”) for the Mullen THREE, Class 3 EV truck, providing up to $45,000 cash 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, Range Truck Group and Eco Auto, providing sales and service in key markets in the Midwest, West Coast, Pacific Northwest and New England. The company also recently announced approval of Foreign Trade Zone (“FTZ”) status for its commercial vehicle manufacturing center in Tunica, Mississippi. FTZ approval provides a number of benefits, including deferred duty and elimination of duties on exported vehicles. To learn more about the company, visit www.MullenUSA.com.

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