Mullen CEO Provides Further Update to Shareholders

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today shares an open letter to shareholders from CEO David Michery, providing updates on various matters and company initiatives. Romeo Power Transaction: On Sept. 11, 2023, Mullen acquired battery pack production assets from Romeo Power for approximately $3.5 million. Mullen Class 3 Production: On Aug. 10, 2023, Mullen Class 3 commercial vehicle production began at its Tunica, Mississippi, commercial vehicle assembly plant. Sincerely,David Michery, CEOPictured: Mullen ONE, Mullen THREE, Mullen FIVE and Bollinger B1The Mullen THREE, Class 3 EV Cab Chassis Truck approved by EPA on Sept. 22, 2023, for vehicle certification. 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.