Mullen Proclaims Promotion of John Taylor to President of Business EV Division

Article content material

Taylor additionally retains position as SVP of World Manufacturing for Mullen Automotive

In 2010, John joined Tesla and was one of many first 50 staff, main the superior manufacturing engineering group. Taylor performed a vital position in opening Tesla’s Fremont facility and manufacturing operations for the Tesla Mannequin S and structure for future EV initiatives

BREA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) — by way of IBN — Mullen Automotive Inc. (NASDAQ:
MULN) (“Mullen” or the “Firm”), an electrical car (“EV”) producer, as we speak broadcasts John Taylor as president of Mullen’s industrial EV division. Taylor additionally retains place of senior vice chairman of worldwide manufacturing for Mullen Automotive. 

Article content material

Since becoming a member of Mullen in 2021, Taylor has performed a pivotal position within the growth and profitable launch of the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 low cab ahead industrial EV traces which launched in September and November 2023. In his new position as president of the Business EV division, Taylor will oversee Mullen’s industrial car operations which incorporates engineering, provide chain administration and manufacturing.  

“I’m extraordinarily excited to maneuver into this position. We have now the chance to rework the industrial EV area and create a blueprint for others to observe,” stated Taylor, president of Mullen Business.

“John has been a useful asset to our firm and his promotion to president of Business EV Division is a testomony to his distinctive management and contributions,” stated David Michery, CEO and chairman of Mullen Automotive. “His confirmed experience will probably be instrumental in driving development, increasing our market share and reaching our industrial EV enterprise objectives.”

Taylor brings an excellent breadth of expertise with a profession spanning over 35 years. He oversaw a number of plant start-ups and over 12 car launches within the U.S. and internationally. In 1987, Taylor graduated from the Philpot College of Automotive Design in Detroit and started his automotive profession with Normal Motors. At GM, he was concerned with 11 main automotive car launches whereas serving as launch supervisor, operations supervisor, and machine and gear supervisor, amongst different roles. In 2010, John joined Tesla and was one of many first 50 staff, main the superior manufacturing engineering group. Taylor performed a vital position in opening Tesla’s Fremont facility and manufacturing operations for the Tesla Mannequin S and structure for future EV initiatives.

Article content material

Article content material

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive firm constructing the following era of business electrical automobiles (“EVs”) with two United States-based car crops positioned in Tunica, Mississippi, (120,000 sq. ft) and Mishawaka, Indiana (650,000 sq. ft). In August 2023, Mullen started industrial car manufacturing in Tunica. In September 2023, Mullen acquired IRS approval for federal EV tax credit on its industrial automobiles with a Certified Producer designation that gives eligible prospects as much as $7,500 per car. As of January 2024, each the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Useful resource Board (“CARB”) and EPA licensed and accessible on the market within the U.S. Lately, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, offering as much as a $45,000 money voucher at time of car buy. The Firm has additionally just lately expanded its industrial vendor community with the addition of Pritchard EV, Nationwide Auto Fleet Group, Ziegler Truck Group, Vary Truck Group and Eco Auto, offering gross sales and repair protection in key Midwest, West Coast and Pacific Northwest and New England markets. The Firm additionally just lately introduced International Commerce Zone (“FTZ”) standing approval for its Tunica, Mississippi, industrial car manufacturing heart. FTZ approval supplies a number of advantages, together with deferment of duties owed and elimination of duties on exported automobiles.

Article content material

To be taught extra in regards to the Firm, go to www.MullenUSA.com.

Ahead-Trying Statements
Sure statements on this press launch that aren’t historic information are forward-looking statements throughout the which means of Part 27A of the Securities Trade Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic truth could also be deemed forward-looking statements. Phrases resembling “proceed,” “will,” “might,” “might,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “consider,” “estimate,” “predict,” “potential” and related expressions are supposed to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are usually exterior the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embody, however will not be restricted to: (i) means (or lack of ability) to acquire further financing in ample quantities or on acceptable phrases when wanted; (ii) means to take care of present, and safe further, contracts with producers, components and different service suppliers referring to its enterprise; (iii) means to efficiently develop in present markets and enter new markets; (iv) means to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the flexibility to draw and retain certified staff and key personnel; (vii) antagonistic results of elevated competitors on Mullen’s enterprise; (viii) adjustments in authorities licensing and regulation that will adversely have an effect on Mullen’s enterprise; (ix) the danger that adjustments in shopper conduct might adversely have an effect on Mullen’s enterprise; (x) means to guard mental property; and (xi) native, trade and basic enterprise and financial situations. Further elements that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements will be present in the latest annual report on Type 10-Ok, quarterly experiences on Type 10-Q and present experiences on Type 8-Ok filed by Mullen with the Securities and Trade Fee. Mullen anticipates that subsequent occasions and developments might trigger its plans, intentions and expectations to vary. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as expressly required by regulation. Ahead-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

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

Company Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Workplace
Editor@InvestorBrandNetwork.com

Article content material