Reported 4 days ago
Mullen Automotive CEO David Michery is focusing on expanding production of commercial electric vehicles despite financial challenges, signaling confidence in the temporary nature of the current EV market struggles. Following a recent acquisition of Bollinger Motors, Michery aims to position both companies for growth, leveraging significant investments and a $150 million credit line while preparing for the ramp-up of new vehicle models, despite facing scrutiny over cash flow and market conditions.
Source: YAHOO