Mullen Automotive Provides Commercial Vehicle Production Update

In summary, the following reflects total planned commercial vehicle production for calendar years 2023 and 2024:2023 CY estimated commercial vehicle production:150 Class 3 EV cab chassis trucks300 Class 1 EV cargo vans2024 CY estimated commercial vehicle production:850 Class 3 EV cab chassis trucks6,000 Class 1 EV cargo vansMullen’s production plan is aligned with current customer purchase orders. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. Forward-Looking StatementsCertain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Examples of such risks and uncertainties include but are not limited to whether the Company will meet its forecast vehicle production and delivery timelines and whether the anticipated vehicle production numbers, shifts and other timelines will be realized.