Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, has announced additional staff reductions and facility eliminations as part of its ongoing consolidation efforts following the recent merger under the Bollinger Innovations brand. The company reported general and administrative and research and development expenses of $47.7 million for the quarter ended June 30, 2025, and has reduced those costs to $18.6 million per quarter, representing a 61% decrease.
The cost-cutting measures include eliminating facilities in Irvine and Monrovia, Calif., and Mishawaka, Ind., ending third-party manufacturing with Roush Industries, and consolidating B4 production to its company-owned plant in Tunica, Miss. CEO and Chairman David Michery stated that the company's streamlined operations will support a focus on commercial EV sales, including its Class 1 cargo van, Class 3 cab chassis truck, and Class 4 B4 Chassis Cab, all of which comply with federal safety, EPA, and CARB standards.
The company's commercial dealer network consists of seven dealers, including Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets. Bollinger Motors, an established EV truck company of Bollinger Innovations based in Oak Park, Michigan, has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
For investors seeking additional information, the latest news and updates relating to BINI are available in the company's newsroom at https://ibn.fm/BINI. The consolidation efforts represent a strategic shift for the electric vehicle manufacturer as it adapts to market conditions and focuses resources on its core commercial vehicle offerings while maintaining regulatory compliance across all product lines.
