Mullen Automotive (NASDAQ:MULN) announced, Monday, plans for a state-of-the-art high-energy facility in Fullerton, California. This expansion marks a significant increase in the company's presence in the United States.
The new facility in Southern California is specifically designed for manufacturing next-generation EV battery packs made in the United States.
Mullen's existing high-energy pilot facility in Monrovia, California, is set to merge with the recently acquired assets from Romeo Power at the company's new high-energy and high-volume battery pack production facility in Fullerton.
The consolidation involves the closure of the Monrovia facility by the end of 2023, with the relocation of current battery testing and production equipment to the advanced and newly established Fullerton location.
From December 2023 onward, Mullen Automotive is set to begin the calibration process for the solid-state polymer battery BMS to seamlessly integrate it into the Class 1 EV cargo van.
Afterwards, the company plans to commence drivable testing of the solid-state polymer battery packs with the Class 1 EV cargo van during the first quarter of 2024.
“We are one step closer to fulfilling our commitment to providing the next-generation of battery technology to our lineup of EV vehicles, providing a clean and safe alternative to current lithium-ion batteries,” said Mullen CEO, David Michery.
Shares of MULN are down 2.14% in afternoon trading on Monday.