Mullen Automotive and Qiantu Motors to Launch EV Supercar Branded Mullen GT and GTRS with Program Begin Commencing March 20, 2023

Mullen Automotive and Qiantu Motors to Launch EV Supercar Branded Mullen GT and GTRS with Program Begin Commencing March 20, 2023
Mullen Automotive and Qiantu Motors to Launch EV Supercar Branded Mullen GT and GTRS with Program Begin Commencing March 20, 2023

Mullen Automotive, Inc.

Qiantu K50 Rebranded and Relaunched as Mullen GT and GTRS

Mullen is granted a license for IP and exclusive distribution rights in North and South American markets for EV supercar.

Mullen is granted a license for IP and unique distribution rights in North and South American markets for EV supercar.

  • Mullen is granted a license for IP and unique distribution rights in North and South American markets for the Qiantu K50/DragonFLY.

  • Mullen will finalize car engineering pursuant to U.S. requirements with ultimate meeting in Mishawka, Indiana.

  • EV supercar might be rebranded and refreshed to promote beneath the Mullen GT & GTRS manufacturers with anticipated efficiency specs of 0-60 MPH in 1.95 seconds and a prime velocity over 200 MPH.

BREA, Calif., March 20, 2023 (GLOBE NEWSWIRE) — through InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Firm”), an rising electrical car (“EV”) producer, declares at present that it has been granted the North and South American IP and distribution rights from Qiantu Motors and affiliated corporations as a part of a license settlement permitting meeting and distribution of the DragonFLY K50 within the Americas.

The DragonFLY car proportions and carbon fiber building contribute to a hanging design that’s dramatic and timelessly stunning. Mullen will start its program to re-engineer and re-design the product to fulfill homologation necessities for U.S. certification and buyer expectations for at present’s supercars. These modifications might be consistent with Mullen’s car design language at present discovered within the Mullen FIVE and Mullen FIVE RS. To make sure supercar standing, the car will even function an up to date powertrain, focusing on sub 2.0 sec 0-60 MPH and a prime velocity exceeding 200 MPH.

“Qiantu has been engaged on creating electrical autos since 2013. We’re honored to cooperate with Mullen Automotive to carry Qiantu K50 to the U.S. market,” stated Chairman Lu of Qiantu Motors. “As an necessary step in Qiantu’s internationalization, we’re assured that the Qiantu K50 will attain much more clients and supply a superior driving expertise. With its modern design, glorious driving and dealing with efficiency, and spectacular full carbon fiber exterior, we consider the Qiantu K50 might be a hit within the U.S. EV market, providing customers a brand new degree of efficiency and comfort.”

“This settlement with Qiantu is a crucial milestone for the Firm. Not solely does it settle a protracted excellent dispute between our respective corporations, but additionally presents the chance to meet my imaginative and prescient for a supercar that will rival a number of the greatest supercars on the earth,” stated Mullen’s CEO and Chairman David Michery. “Since day one, we’ve got acquired overwhelming optimistic suggestions for this car, together with our authentic debut on the 2019 New York Auto Present and the Indy 500 in Might 2019. We’re excited to start out the GT and GTRS packages on March 20, 2023.”

Extra info might be discovered on Mullen Automotive’s most lately filed 8-Okay, discovered right here.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive firm constructing the following era of electrical autos (“EVs”) that might be manufactured in its two United States-based meeting crops. Mullen’s EV improvement portfolio contains the Mullen FIVE EV Crossover, Mullen I-GO Business City Supply EV, Mullen Business Class 1-3 EVs and Bollinger Motors, which options each the B1 and B2 electrical SUV vans and Class 4-6 business choices. On Sept. 7, 2022, Bollinger Motors grew to become a majority-owned EV truck firm of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electrical Final Mile Options’ (“ELMS”) belongings, together with all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

To study extra concerning the Firm, go to www.MullenUSA.com.

Ahead-Trying Statements 
Sure statements on this press launch that aren’t historic details are forward-looking statements throughout the which means of Part 27A of the Securities Alternate Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic truth could also be deemed forward-looking statements. Phrases corresponding to “proceed,” “will,” “could,” “may,” “ought to,” “count on,” “anticipated,” “plans,” “intend,” “anticipate,” “consider,” “estimate,” “predict,” “potential” and related expressions are supposed to establish such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are typically exterior the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embrace however usually are not restricted as to if this system begin for the Mullen GT and GTRS will start on March 20, 2023, as anticipated, whether or not ultimate meeting of the car will happen in Mishawka, Indiana, whether or not the EV supercar will obtain the anticipated efficiency specs together with the velocity of 0-60 MPH in 1.95 seconds and a prime velocity over 200 MPH, the timing of potential homologation for U.S. certification, whether or not modifications to the car might be consistent with Mullen’s car design language at present discovered within the Mullen FIVE and Mullen FIVE RS, whether or not the Mullen GT and GTRS will rival a number of the greatest supercars on the earth or show profitable for the Firm. Extra examples of such dangers and uncertainties embrace however usually are not restricted to: (i) Mullen’s capability (or incapacity) to acquire further financing in ample quantities or on acceptable phrases when wanted; (ii) Mullen’s capability to keep up current, and safe further, contracts with producers, components and different service suppliers regarding its enterprise; (iii) Mullen’s capability to efficiently broaden in current markets and enter new markets; (iv) Mullen’s capability to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the power to draw and retain certified staff and key personnel; (vii) opposed results of elevated competitors on Mullen’s enterprise; (viii) modifications in authorities licensing and regulation which will adversely have an effect on Mullen’s enterprise; (ix) the chance that modifications in client habits may adversely have an effect on Mullen’s enterprise; (x) Mullen’s capability to guard its mental property; and (xi) native, trade and basic enterprise and financial situations. Extra components that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements might be present in the newest annual report on Kind 10-Okay, quarterly stories on Kind 10-Q and present stories on Kind 8-Okay filed by Mullen with the Securities and Alternate Fee. Mullen anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by regulation. Ahead-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Company Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Workplace
[email protected]

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