Mullen Automotive (NASDAQ: MULN) has announced through its subsidiary Bollinger Motors the upcoming production of the Bollinger B4 Chassis Cab, a new Class 4 commercial electric vehicle (EV) truck, set to begin on September 16, 2024. This development is a pivotal moment for the commercial EV sector, offering a zero-emission solution for industries reliant on Class 4 vehicles, such as last-mile delivery and construction.
The production of the B4 Chassis Cab will be undertaken by Roush Industries at its Livonia, Michigan facility, leveraging Roush's extensive manufacturing expertise. This partnership is expected to ensure the efficient production and timely delivery of the vehicles, with revenue recognition anticipated by October 2024. Jim Connelly, Chief Revenue Officer of Bollinger Motors, highlighted the strong market interest, indicating a robust demand for electric commercial vehicles among fleet operators and businesses aiming to reduce their carbon footprint and operational costs.
The launch of the Bollinger B4 Chassis Cab is timely, as the commercial EV market is expanding rapidly. Businesses and governments are increasingly prioritizing sustainability and cost efficiency, making electric commercial vehicles an appealing option. The B4 Chassis Cab's entry into the market could significantly impact the transition to electric fleets, providing a viable alternative in the Class 4 truck category.
Mullen Automotive's commitment to the EV market is further demonstrated by its recent achievements, including the start of commercial vehicle production in Tunica, Mississippi, and securing IRS approval for federal EV tax credits on its commercial vehicles. Additionally, the California Air Resource Board (CARB) and EPA have certified Mullen's EV models, reinforcing the company's position in the commercial EV sector.
The introduction of the Bollinger B4 Chassis Cab not only expands the options for businesses looking to electrify their fleets but also supports the broader environmental goal of reducing transportation emissions. The success of this vehicle could accelerate the adoption of EVs in the commercial sector, offering both environmental benefits and cost savings for businesses. With the production date set, potential customers and investors now have a clear timeline for the vehicle's availability, enabling strategic planning for fleet electrification.
As the production date approaches, the focus will be on Bollinger Motors and Mullen Automotive to deliver on their promise of innovative electric commercial vehicles. The successful launch of the B4 Chassis Cab could establish their leadership in the commercial EV market and encourage further advancements in electric vehicle technology.
