Mullen Automotive, Inc. (NASDAQ: MULN), an electric vehicle manufacturer, has announced the acquisition of additional battery line equipment from Nikola Corporation to further strengthen its battery production capabilities in Fullerton, California. This expansion is part of Mullen’s ongoing efforts to enhance its U.S.-based battery manufacturing operations, supporting the company’s commitment to zero emissions and reducing dependency on imported battery components.
The newly acquired Nikola assets include a high-volume standard battery chemistry production line and an electro-dynamic shaker system, which will be utilized for in-house laboratory testing of battery and system components. With the installation of this equipment, Mullen’s Fullerton facility will feature two high-volume standard battery chemistry lines, a high-precision, low-volume standard battery chemistry R&D line, a high-precision, low-volume solid-state polymer R&D line, and a comprehensive battery testing laboratory. These enhancements are expected to significantly increase Mullen’s production capacity and research capabilities.
Mullen is focused on expanding its manufacturing footprint in the United States in response to rising demand for American-made battery components and systems. The company plans to produce its own commercial vehicle battery packs while also exploring opportunities for other industry applications and commercial sales.
David Michery, CEO and chairman of Mullen Automotive, stated, “We continue to execute our plan of transitioning to American-made battery components and we are doing it right here in Southern California.” This initiative follows Mullen’s September 2023 acquisition of battery production assets from Romeo Power, a subsidiary of Nikola Corporation, for approximately $3.5 million. The previous purchase included equipment, inventory, and intellectual property aimed at high-volume EV battery pack and module production.
On December 17, 2024, Mullen Automotive submitted a modified plan to the U.S. Department of Energy (DOE), integrating its facilities in Mishawaka, Indiana, and Fullerton, California, for U.S.-based battery and pack production. The company is seeking $55 million in matching funds from the DOE to support its U.S. manufacturing capabilities.
Source: MullenUSA News
