FAQ: Mullen Automotive Inc. Rebrands to Bollinger Innovations and Secures New Ticker Symbol BINI

What is the main announcement from Mullen Automotive Inc.?

Mullen Automotive Inc. is rebranding to Bollinger Innovations, Inc., with NASDAQ approving the new ticker symbol BINI, and its Oceanside, California, Commercial Vehicle Center will operate under the new name.

Why is Mullen Automotive rebranding to Bollinger Innovations?

The rebranding reflects the company’s focus on its commercial EV lineup, including the Bollinger B4, a newly designed Class 4 electric truck, and aligns with its expanded commercial dealer network and manufacturing capabilities.

When will the name and ticker symbol change take effect?

The effective date for the name and symbol change is pending, as announced by the company.

What vehicles are included in Mullen’s commercial EV lineup?

The lineup includes the Mullen ONE (Class 1), Mullen THREE (Class 3), and the Bollinger B4, a Class 4 electric truck with a 185-mile range and 7,325-pound payload, all federally certified and CARB-compliant.

Where are Mullen Automotive’s vehicle plants located?

Mullen Automotive has two U.S.-based vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana.

What benefits does the CARB-issued HVIP approval provide for the Mullen THREE?

The HVIP approval provides up to a $45,000 cash voucher at the time of vehicle purchase for the Mullen THREE, Class 3 EV truck.

How can customers benefit from federal EV tax credits on Mullen’s commercial vehicles?

Eligible customers can receive up to $7,500 per vehicle, thanks to Mullen’s Qualified Manufacturer designation and IRS approval for federal EV tax credits.

What is the significance of the Foreign Trade Zone (FTZ) status for Mullen’s Tunica plant?

FTZ status provides benefits such as deferment of duties owed and elimination of duties on exported vehicles, enhancing the plant’s operational efficiency.

Where can I find more information about Mullen Automotive Inc.?

For more information, visit the company’s website at www.MullenUSA.com or check the latest news and updates in the company’s newsroom at https://ibn.fm/MULN.