BREA, California, Nov 11th, 2018 – A top level meeting between Mullen Technologies and CH-Auto occurred at the future Mullen Technologies Manufacturing facility in Moreno Valley, CA, followed by executive tours of the Mullen R&D facility in Monrovia and headquarters in Brea.
CH-Auto, a leading automotive design company and vehicle development solution provider in China, best known for its new electric vehicles as well as the development of traditional automobiles and military vehicles. CH-Auto recently created significant buzz at the Beijing Auto Show with its new Qiantu K50, a 402 bhp electric sports car with aluminum frame and all-carbon.
The Mullen and CH-Auto teams discussed collaboration in the Northern American market and inspected Mullen Technologies future production plant, where they met with local government officials to review manufacturing prospects and commerce advantages the city offers.
Mullen Tech CEO and Chairman David Michery stated that “There are significant synergies between CH-Auto’s design and commercial capability and Mullen Technologies’ expertise within the American marketplace as well as in battery technology. We hope to capitalize on this important opportunity through the introduction of the Mullen Qiantu GT in the US market soon.
About Mullen Technologies:
Mullen Technologies, Inc. is a California based pre-IPO Electric Vehicle (EV) manufacturer and international distributor of high tech, zero emission vehicles. The Company aims at solving the significant environmental problem caused by gasoline-powered vehicles and providing a variety of affordable, electric cars to the American market and the entire world market. Currently, the Company manufactures a proprietary USDOT certified four-door electric sedan. The company is in negotiations with several international vehicle manufacturers to develop joint ventures to bring quality, cost-effective vehicles to the United States for certification and distribution.
Mullen Technologies, Inc. is committed to not only low cost, high-quality product, but to be a fiscally responsible organization that values good business sense and refuses to spend indiscriminately or irresponsibly.
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This press release contains forward-looking statements. Forward-looking statements in this press release include statements relating to the Company’s corporate finance and other strategic initiatives, and the Company’s expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
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