Mullen Technologies, CA and Qiantu Motor Ltd., China Have Signed a Partnership Agreement to Co- develop, Assemble and Exclusively market the Qiantu K50 in North America
BREA, California, Dec12th, 2018 – Qiantu Motor, a wholly owned subsidiary of CH-Auto and Mullen Technologies Inc. have signed a new cooperation agreement to homologate and assemble cars in the US for sales in North America.
CH-Auto is a leading automotive design and manufacturing company in China, best known for its new electric vehicles as well as the development of traditional automobiles and military vehicles. In November 2018, the Chairman and President of Qiantu visited Mullen Technologies and held preliminary negotiations. Since then, the discussions have resulted in a signed cooperation agreement, where the two parties state their desire to collaborate and that they intend for Mullen Technologies to homologate, assemble and exclusively market the Qiantu K50 in North America.
Mullen Technologies is a Southern California based licensed electric vehicle manufacturer and international distributer which owns Mullen Auto Sales, a fast-growing series of automobile dealerships. Mullen also owns CarHub, a new and uniquedigital platform that leverages AI and offers a complete, fun to use solution for buying, selling and owning a car. The partnership is positioned to benefit from Mullen’s direct retail and auto commerce digital capabilities both.
In 2020, the Mullen-Qiantu collaboration will launch the
Mullen Tech CEO and Chairman David Michery stated, “Mullen is thrilled to embark on this journey together with
About Mullen Technologies:
Mullen Technologies, Inc. is a privately-owned California based Electric Vehicle (EV) manufacturer and international distributor of high tech, zero emission vehicles. Mullen Technologies, Inc. is committed to developing low cost, high-quality products. The Company’s goal is to contribute to the solution of the significant environmental problem caused by gasoline-powered vehicles by designing, manufacturing and marketing a variety of affordable, electric cars to the American and global markets. 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, although there can be no assurance that any of these joint ventures will ultimately be entered and finalized.
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