Mullen Automotive Acquires ELMS Enabling EV Production for Retail and Commercial Vehicle Lines
Electric Cars Report
OCTOBER 20, 2022
Electric-vehicle startup Mullen Automotive gained court approval last week to buy an Indiana manufacturing facility, inventory of EVs, and all intellectual property from now-defunct Electric Last Mile Solutions Inc. The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually.
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