Mullen Technologies Is Now Accepting Deposits For The MX-05 All-Electric SUV
BREA, CA—October 1, 2020—Mullen Technologies Inc. (“Mullen Technologies” or the “Company”), a Southern California based licensed electric vehicle manufacturer with international distribution that operates in various verticals of businesses focusing in the automotive industry; Mullen Automotive, Mullen Energy, Mullen Auto Sales, Mullen Funding Corp., and Carhub, today announces the Company has begun to accept deposits on the MX-05 All-Electric SUV.
Mullen announced earlier this month that development of their pre-production facility in Monrovia, CA will begin today, October 1. This facility will be fully operation in mid 2021 and begin the pre-production process of the MX-05 in the 3rd quarter 2021. First deliveries to the public should be in the 2nd quarter 2022.
The five passenger MX-05 All-Electric SUV boasts a 325 mile range with a 0 to 60 mph time of 3.2 seconds. Mullen will unveil the prototype and model in the coming weeks. Mullen will accept up to 100,000 refundable deposits of only $100 each for the MX-05. In order to reserve the MX-05, simply make the deposit and review the terms and conditions at https://mullenusa.com/mullen-mx-05/
Mullen has announced the pending merger with Net Element (NASDAQ:NETE), which is in its’ final stages of due diligence and compliance. The pending merger is on schedule and both parties are working diligently to move forward as planned.
According to ResearchAndMarket.com, the global EV market in 2019 was $162.3 billion and is on pace to reach $716.8 billion by 2027, driven by favorable government policies and subsidies, calls to reduce vehicle emissions, consumer demand and other factors.
About Mullen Technologies:
Mullen Technologies is a Southern California-based licensed vehicle manufacturer that operates in various verticals of the businesses focusing in the automotive industry: Mullen Automotive, Mullen Energy, Mullen Auto Sales, Mullen Funding Corp., and CarHub. Each of these divisions provide Mullen with diversity of different products and services within the automotive industry. For more information, please visit: www.MullenUSA.com.
This press release contains “forward-looking statements.” Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in future tense, often signify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the proposed production date of the MX-05 midsize and perceived advantages and future deployment of the solid-state polymer battery technology. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.
Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including any changes in the laws, rules and regulations relating to any aspects of the Company’s business operations, general economic, market and business conditions, including capital market developments, the actions and developments of the Company’s competitors and the effects of competition in the EV industry on the demand for, and price of, the Company’s current and proposed products and services, various business opportunities that the Company, and factors beyond the Company’s control. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way the Company expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.
SOURCE: Mullen Technologies, Inc