Investors in Mullen Automotive (NASDAQ:MULN) stock will want to keep an eye on the company in October, when the company plans to launch its demonstrator FIVE EV Crossover vehicles.
Mullen Automotive notes that the electric vehicles (EVs) will be fully functional. The company intends to use them for its “Strikingly Different” Test Drive Tour this year, as well as for more demonstrations throughout 2023.
According to Mullen , the FIVE EV Crossover will feature a 120-kilowatt hour (kWh) battery pack and 325 miles of range. It will also be able to g0 from 0 to 60 miles per hour (mph) in 3.2 seconds with a top speed of 155 mph. Mullen will also produce a High Performance version of the EV that will go from 0 to 60 mph in 1.95 seconds and offer a top speed of 200 mph.
Mullen Chairman and CEO David Michery said the following in a news release:
“We are thrilled to launch the first fully functional, demonstrator FIVE EV Crossover vehicles this October [..] Mullen and hofer have been working diligently to have these vehicles ready in time for Mullen’s ‘Strikingly Different’ U.S. tour. Congratulations to both the hofer and Mullen teams on being able to make this monumental effort a reality.”
While MULN stock isn’t seeing much activity on today’s news, it could when the launch happens. That’s why investors in the company will want to keep an ear open for when the actual launch takes place.
MULN stock is up 2% as of Monday morning.
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.