Mullen Automotive, Inc., a rising player in the electric vehicle manufacturing sector, has revealed that its majority-owned subsidiary, Bollinger Motors, has clinched orders for 40 B4 Class 4 electric trucks, totaling around $6 million in value. The production of the B4 chassis cab is scheduled to kick off in mid-2024, and the manufacturing process will be a collaborative effort with Roush Industries, taking place in Michigan.
The B4: A Multi-Purpose Commercial Electric Truck
The B4 stands out as a highly adaptable commercial truck, designed to facilitate easy customization to meet diverse fleet needs and ensure a smooth transition to electric with minimal downtime. Its cab-forward design enhances visibility and expands cargo space. Key specifications of the B4 include a gross vehicle weight rating of 15,500 lbs, a payload capacity of 7,325 lbs, and a range spanning from 110 to 200 miles depending on the specific configuration. Charging times vary from 9 hours for AC Level 2 to 1.5 hours for DC Fast Charge.
Federal Incentives and Added Value
An attractive aspect of the B4 is its eligibility for a federal purchasing incentive, courtesy of the Inflation Reduction Act of 2022. This incentive covers 30% of the vehicle cost, up to $40,000. Bollinger Motors, headquartered in Michigan, became a majority-owned subsidiary of Mullen Automotive in 2022. Meanwhile, Mullen Automotive, based in Southern California, is concentrating on the production of affordable premium electric vehicles in the United States, including the Mullen FIVE electric crossover.
End-to-End Ecosystem and Potential Challenges
Mullen Automotive underscores its commitment to an end-to-end ecosystem, offering support to customers from test driving through servicing. However, the company acknowledges potential risks and uncertainties. These include concerns about production timelines, the timely delivery of the B4 trucks, and the receipt of federal incentives. Should these risks materialize, there is a possibility of impact on the company’s revenue streams and overall growth trajectory. As Mullen and Bollinger Motors navigate these challenges, the electric vehicle market continues to evolve, presenting opportunities for innovation and growth.
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