Mullen Automotive Announces Preliminary Third Quarter Results

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, an emerging electric vehicle (“EV”) manufacturer, announces preliminary third-quarter results. 281% increase in R&D spending Company has increased its spending for R&D, which primarily relates to engineering costs for the Mullen FIVE and Mullen EV cargo van programs. Program HighlightsThe following are program highlights related to the company, Mullen FIVE EV Crossover and Mullen EV Cargo Van programs. Mullen recently opened Irvine, California-based automotive center and is extensively hiring for expansion requirements related to Mullen FIVE EV program. $7 million of robotics and testing equipment added to Tunica’s AMEC facility in support of the Mullen EV Cargo Van program.