Mullen Automotive Inc. (NASDAQ: MULN) has announced its transition to Bollinger Innovations, Inc., with the NASDAQ stock exchange approving the new ticker symbol BINI. This rebranding reflects the company's strategic focus on its commercial electric vehicle (EV) lineup, including the Mullen ONE, Mullen THREE, and the newly designed Bollinger B4, a Class 4 electric truck with a 185-mile range and 7,325-pound payload capacity.
The company's Oceanside, California, Commercial Vehicle Center will now operate under the Bollinger Innovations name, underscoring its commitment to advancing commercial EV technology. All vehicles in Mullen's lineup are federally certified and compliant with the California Air Resource Board (CARB) standards, ensuring they meet stringent environmental and safety regulations.
Mullen Automotive has made significant strides in the EV sector, including the commencement of commercial vehicle production in Tunica, Mississippi, and receiving IRS approval for federal EV tax credits. The CARB-issued HVIP approval for the Mullen THREE, Class 3 EV truck, offers eligible customers up to a $45,000 cash voucher at the time of purchase, enhancing the vehicle's affordability and appeal.
The expansion of Mullen's commercial dealer network to seven dealers, including Papé Kenworth, and the Foreign Trade Zone (FTZ) status approval for its Tunica manufacturing center, further solidify the company's position in the commercial EV market. These developments highlight Mullen Automotive's, soon to be Bollinger Innovations, dedication to innovation and sustainability in the automotive industry.
