24/7 Market News Snapshot 13 May, 2025 – Mullen Automotive, Inc. Common Stock (NASDAQ:MULN)

May 13, 2025

DENVER, Colo., 13 May, 2025 (www.247marketnews.com) – (NASDAQ:MULN) are discussed in this article.
Mullen Automotive, Inc. (MULN) is experiencing a significant surge in pre-market trading, with shares rising 20.07% to $0.201, up from $0.167. This dramatic increase is accompanied by a robust trading volume of 12.27 million shares, indicating heightened investor interest. As the company navigates the electric vehicle sector, this bullish trend may signal a potential breakout, enticing both momentum traders and long-term investors. Observers are advised to monitor MULN closely for possible upward movement.

In addition to this positive trading activity, Mullen Automotive has announced a crucial settlement with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS, which represents a major advancement in its operational and financial trajectory. Following four years of litigation, this agreement establishes a 55-day due diligence period for GEM to assess the potential transfer of assets, effectively suspending all collection activities. This resolution enables Mullen to concentrate on its core operations without further distractions.

CEO David Michery expressed enthusiasm about the settlement, highlighting its role in paving the way for future opportunities and underscoring Mullen’s commitment to growth as it looks forward to a successful 2025. As Mullen enhances its manufacturing capabilities, it remains committed to addressing the increasing demand for electric vehicles. Currently, the company’s state-of-the-art facility has already seen the successful rollout of commercial vehicle production, with the Mullen ONE and Mullen THREE models available for sale.

Moreover, Mullen’s acquisition of Bollinger Motors has expanded its portfolio, adding a Class 4 electric truck model and strengthening its position in the commercial vehicle segment. Mullen Automotive is strategically poised to lead in sustainable transportation solutions, continuing its emphasis on innovation and growth within the evolving electric vehicle market.

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