NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Completes Purchase of Tunica, Mississippi, EV Assembly Plant
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has closed on the purchase of an EV assembly plant located in Tunica, Mississippi. Mullen has purchased the Advanced Manufacturing and Engineering Center (“AMEC”) without any debt and now will focus on hiring the skilled trades and support staff needed to start initial preproduction class 1 and class 2 EV Cargo Vans. The purchase of AMEC is tied to the company’s previously announced plans to add another 1.2 million square feet of manufacturing space to the facility; the additional space will be designed to support class 1 and class 2…