Mullen Automotive's subsidiary, Bollinger Motors, has made a significant impact in the commercial electric vehicle (EV) sector by delivering its first 25 all-electric B4 chassis cab trucks since production commenced in September, achieving $4.1 million in retail sales. This achievement underscores the market's readiness for Bollinger's innovative electric commercial vehicles and solidifies Mullen Automotive's role in the rapidly evolving EV industry.
The Class 4 B4 truck, developed with insights from fleet operators, features a 158-kWh battery, a payload capacity exceeding 7,300 pounds, and a range of 185 miles, offering a viable alternative to traditional fossil fuel-powered commercial vehicles. These specifications meet the increasing demand for eco-friendly transportation solutions in logistics and delivery services.
Bollinger Motors credits the swift market uptake of the B4 truck to its growing dealer network and positive customer feedback. Key to this success were obtaining EPA and CARB certifications, crucial for U.S. vehicle sales, and forming a manufacturing partnership with Roush Industries to ensure production quality. The company's efforts to build a comprehensive commercial infrastructure, through alliances with leading dealers and service providers, are pivotal for customer support and the broader adoption of EV technology in commercial applications.
Looking forward, Bollinger Motors plans to expand its dealer network into 2025, aligning with Mullen Automotive's broader objectives in the EV market. Mullen's recent milestones include initiating commercial vehicle production in Tunica, Mississippi, securing IRS approval for federal EV tax credits, and enlarging its commercial dealer network to seven dealers across major U.S. markets.
The delivery of Bollinger's B4 trucks highlights Mullen Automotive's strategic growth, supported by its two U.S.-based production facilities in Tunica and Mishawaka, Indiana, totaling 770,000 square feet. Additionally, the Foreign Trade Zone (FTZ) status granted to Mullen's Tunica plant offers competitive benefits, such as duty deferment and elimination on exports, enhancing its market position domestically and internationally.
The successful introduction of Bollinger's B4 trucks reflects the commercial sector's growing embrace of electric vehicles, driven by sustainability goals and carbon footprint reduction. Mullen Automotive, via Bollinger Motors, is poised to lead in meeting this demand, potentially transforming the commercial vehicle industry. This development is a key indicator of the EV sector's progress, attracting attention from investors, analysts, and environmental advocates, and may spur further innovation and adoption of electric vehicles in commercial uses.
