Mullen signs Randy Marion Automotive Group as dealer partner

Mullen signs Randy Marion Automotive Group as 1st U.S. dealer partner

Mullen Automotive, Inc. has announced Randy Marion Automotive as the first dealer group partner for Mullen’s commercial EV lineup, which is set to launch in the U.S. in 2023. In addition, Randy Marion put in a purchase order for 6,000 Class 1 EV cargo vans from Mullen, valued at approximately $200 million.

Mullen’s commercial EV lineup includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products.

“We are impressed with Mullen Automotive’s EV lineup, their speed to market and, most notably, their focus on an underserved commercial market for EV vehicles,” said Randy Marion, CEO and founder of RMA. “This is especially obvious when you consider what has taken place in the Class 1 light cargo van category. OEMs have all exited from the commercial Class 1 van segment, leaving the door wide open for Mullen’s EV lineup.”

You May Also Like

REE Automotive reports having $77.5 million in liquid assets in Q1

The company also raised approximately $15 million (gross) in proceeds through a public offering of ordinary shares priced at $6.50 per share.

REE-Automotives-Electric-Trucks

REE Automotive, an automotive technology company and provider of full-by-wire electric trucks and platforms, reported its financial results and operational highlights for the three months ending March 31.

According to the results, the first quarter Generally Accepted Accounting Principles (GAAP), calculated by subtracting total expenses from total revenue, narrowed by 29% quarter on quarter (QoQ) to $25.2 million compared to $35.2 million in Q4 2023 and narrowed by 12% year-over-year (YoY) compared to $28.6 million in Q1 2023. REE said the YoY decrease was mainly driven by operational efficiencies implemented, which reduced payroll and related costs and other operational expenses, as well as lower share-based compensation expenses. These decreases were partially offset by losses from remeasurement of warrants and financial expenses related to convertible notes as well as an increase in income tax expenses. The decrease compared to the previous quarter was mainly attributed to the increased non-recurring engineering development costs in Q4 2023.

Blink Charging CEO to present at the J.P. Morgan 2024 Energy, Power & Renewables Conference

Jones will also be available for one-on-one investor meetings throughout the day.

Blink-EV-charger
Volvo Trucks adds 10 locations to its certified EV dealership network

Fifty-nine locations across North America have now completed Volvo Trucks’ Certified EV Dealerships program.

Volvo-EV-dealership-network
NFPA considers comprehensive standard for battery hazards

The National Fire Protection Association is gauging whether support exists for the development of standards to address known hazards associated with batteries.

DOE-Battery-Workforce-Challenge-1400
Hexagon Purus to supply TMNA for production of fuel cell truck components

Hexagon Purus will provide a full hydrogen storage system and high-voltage battery pack for the heavy-duty fuel cell electric powertrain kit.

Hexagon-Purus-hydrogen-storage-system-for-Toyota-heavy-duty-fuel-cell-electric-powertrain-kit
Other Posts
Mullen announces all-electric mobile EV charging truck

Mullen’s PowerUP was first introduced as a mobile EV charging truck delivering level 2 and level 3 DC fast charging capabilities.

Mullen-ev-charging-truck
Geotab and Rivian partner on integrated telematics solution

Rivian’s embedded telematics and Geotab’s fleet management services will enable fleets to improve productivity, compliance and safety.

Geotab-Rivian-partnership
AiLO places 100-truck order of Nikola hydrogen FCEVs

Deliveries are scheduled for 2025.

Nikola-AiLO-Logistics
Shyft Group to provide 24/7 services to Blue Arc EV trucks

The vehicles will be available through dealerships staffed by technicians trained by Shyft’s engineering team.

Shyft-Group-Blue-Arc-EV