Mullen Automotive (NASDAQ: MULN) has made a significant move in its international expansion by sending a technical and sales team to Dubai to support the launch of its electric vehicles (EVs) in the United Arab Emirates (UAE). This initiative is part of fulfilling a substantial order from Volt Mobility, valued at up to $210 million, which includes 300 Mullen Class 1 and Class 3 electric vehicles. The order represents a pivotal moment for Mullen as it seeks to establish a strong presence in the Middle Eastern market, where sustainable transportation solutions are increasingly prioritized.
David Michery, CEO and chair of Mullen Automotive, highlighted the significance of the UAE market, stating the company's commitment to ensuring a successful launch through direct involvement. The collaboration extends to VoltiE Group, a Miami-based charging company, which will supply necessary charging equipment alongside Mullen's EVs to Volt Mobility. This partnership underscores the comprehensive approach Mullen is taking to address the needs of the UAE market, combining vehicle delivery with essential infrastructure support.
This expansion comes as Mullen Automotive achieves several milestones, including the commencement of commercial vehicle production at its Tunica, Mississippi plant and securing IRS approval for federal EV tax credits. These developments, along with CARB and EPA certifications for the Mullen One and Mullen Three, position the company favorably in both domestic and international markets. The addition of new commercial dealer partners further enhances Mullen's sales and service coverage across the United States, supporting its growth trajectory.
The Foreign Trade Zone (FTZ) status approval for Mullen's Mississippi manufacturing center offers strategic advantages, such as duty deferment and elimination on exported vehicles, potentially boosting its competitiveness abroad. As the global shift towards electric vehicles accelerates, Mullen's proactive engagement in the UAE market exemplifies the company's ambition to lead in the commercial EV sector. This venture not only signifies the increasing demand for sustainable transportation solutions in the Middle East but also sets a precedent for Mullen's future international expansions and partnerships in the evolving electric vehicle industry.
