Bollinger Motors Set to Launch Production of B4 Electric Commercial Truck in September

Mullen Automotive (NASDAQ: MULN), an emerging player in the electric vehicle (EV) industry, has announced that its subsidiary Bollinger Motors is gearing up to commence production of the Bollinger B4 Chassis Cab, an all-new Class 4 commercial EV truck. The production is slated to begin on September 16, 2024, marking a significant milestone in the company's journey towards electrifying America's commercial fleets.

The B4 Chassis Cab represents Bollinger's entry into the competitive commercial EV market, targeting fleet operators and businesses looking to transition to more sustainable transportation solutions. This move aligns with the growing demand for electric commercial vehicles as companies seek to reduce their carbon footprint and operational costs.

To bring the B4 to market, Bollinger Motors has partnered with Roush Industries, a renowned contract manufacturer based in Livonia, Michigan. This collaboration leverages Roush's expertise in vehicle production, potentially ensuring high-quality manufacturing standards for the new electric truck.

Jim Connelly, Chief Revenue Officer of Bollinger Motors, expressed confidence in the market reception of the B4, stating, "We are already experiencing strong momentum in the market from important customers throughout the country." This sentiment suggests that there is already significant interest from potential buyers, which could translate into a strong order book for the company.

The announcement of the production timeline is particularly noteworthy as it provides a clear roadmap for investors and potential customers. With deliveries and revenue recognition expected to begin in October 2024, Mullen Automotive is positioning itself to capitalize on the growing EV market in the near future.

This development comes at a time when Mullen Automotive is expanding its presence in the EV sector. The company has recently begun commercial vehicle production at its Tunica, Mississippi facility and has received IRS approval for federal EV tax credits on its commercial vehicles. These tax credits, which can amount to up to $7,500 per vehicle for eligible customers, could serve as a significant incentive for businesses considering the adoption of Mullen's electric vehicles.

Mullen's product lineup currently includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both of which have received California Air Resource Board (CARB) and EPA certification. The addition of the Bollinger B4 to this portfolio expands Mullen's offerings into the Class 4 segment, potentially broadening its market reach.

The electric commercial vehicle market is experiencing rapid growth as businesses and governments worldwide push for greener transportation options. Bollinger's entry into this space with the B4 Chassis Cab could position Mullen Automotive to compete with established automakers and other EV startups vying for market share in this lucrative sector.

As the production date approaches, industry observers will be watching closely to see how the Bollinger B4 performs in the market and whether it can deliver on the promise of transforming America's commercial fleets. The success of this venture could have significant implications for Mullen Automotive's future growth and its standing in the evolving EV landscape.