Mullen Technologies 2021
David Michery is the CEO of Mullen Technologies, a California-based company that manufactures and distributes eco-friendly cars. Mullen Technologies is at the forefront of research into energy-efficient, electric vehicles, a cause Michery strongly believes in. “Clean transportation is good for everyone and should not become a luxury,” says Michery.
Michery’s vision is fueled by a passion for cars and the environment. As a collector of cars and being concerned about the air pollution caused by vehicular emissions, David Michery is dedicated to finding innovative, holistic solutions to the clean air problem.
Prior to founding Mullen Technologies, Michery had a successful music career that spanned 27 years. Michery’s musical acumen led to financial success and transformed the label’s he ran into successful multimedia companies.
David Michery Press Release
Mullen Set to Rock ’n’ Roll
Update on Mullen
NETE Q3 2020 Revenues improve
New plans Electrive.com
The Social Type of Life
Mullen Technologies Files S-4 with SEC.
Mullen Set to Rock 'N' Roll in Memphis
820,000-square-foot facility will create up to 800 jobs and become the primary U.S. manufacturing base for Mullen Automotive.
BREA, Calif., March 18, 2021 – via InvestorWire – Mullen Technologies Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, announces its intent to execute a long-term lease on an 820,000-square-foot facility in Memphis, Tennessee. With the help of local and state incentives from the city of Memphis and the state of Tennessee, respectively, Mullen plans to create up to 800 jobs and deliver 100,000 vehicles over a five-year period, commencing in Q4 of 2023.
The 2P6 SUV crossover (formerly MX-05) will be the first in Mullen’s line of fully electric vehicles that will be manufactured at this facility. Mullen is currently working on midstage design efforts for the 2P6 in Southern California. Once completed, Mullen will begin building prototype vehicles in its newly acquired facility in Tunica, Mississippi, for initial engineering development and certification. Simultaneously, Mullen will spend the next 33 months creating the necessary infrastructure and installing the required machinery and equipment for the Memphis facility to support large-scale EV production.
“Memphis moved the world when an alternative new sound known as rock ’n’ roll came from a recording studio on Union Avenue, and we continue to move the world by positioning Memphis to be considered as the new home to an alternative electric vehicle manufacturer in Mullen Technologies,” said Ted Townsend, chief economic development officer for the Greater Memphis Chamber. “This is only the beginning of fulfilling our promise to attract new businesses in innovative industry sectors that will bring good-paying jobs – 800 of them to be exact in this case – to the community. We will continue to aggressively seek this type of growth in advanced automotive manufacturing for Memphis and Shelby County, while at the same time continuing to pursue other industries that create good-paying, sustainable jobs.”
2020 Qiantu K50 by Mullen: A California-Built Bargain EV Supercar
What would you expect to pay for an all-electric, two-motor, all-wheel-drive, two-seat, carbon-fiber-bodied sports car that’s roughly the size and shape of a Rimac C_Two? Before you answer, be aware that the 78-kW-hr battery is good for some 200-plus miles, and the doors merely pivot out sideways—there’s no scissoring, butterflying, or scarab-winging drama to draw smartphone camera fire. $200 grand? $300 grand?
Well, have we got a deal for you! This little gem right here, assembled in California, could be yours as soon as next summer for just $125,000. Lots of asterisks: The car must first be homologated for U.S. sale—without any low-volume manufacturer shortcuts—and the company handling that work just signed on last December. But the vehicle is fully developed and in production in China with roughly 1,000 sold to date. The car was originally developed to meet all European safety standards, so modifications are expected to be minimal and focused on meeting our peculiar lighting, roof-crush, and small-offset crash standards. Sales are forecast to begin in California in mid-2020, then extend to the other CARB-emissions states, and perhaps later to all 50 states (or not).
Let’s start by dissecting the official name: Qiantu (say shi-AHN-tu—it means “future” in Mandarin) K50 by Mullen. Qiantu Motor is a Chinese start-up established in 2015 by CH-Auto Technology Company, a Beijing-based auto design firm that owns a $290 million plant in Suzhou with a capacity of 50,000 cars per year. Mullen Technologies Inc. is the company that will handle the homologation and final assembly of Qiantu K50 complete-knock-down kits at a greenfield assembly location that is due to be disclosed in a few weeks. Mullen also owns a network of dealerships in California as well as CarHub, “a digital platform that leverages AI and offers a complete, fun-to-use solution for buying, selling, and owning a car.” The K50 supercar was first to market (production started in 2017) but other EVs are being built in the plant.
These other Qiantu cars are unlikely to follow the K50 to market in the U.S., as Mullen intends the K50 to serve as a springboard from which it will launch an EV of its own design, engineered and produced in California. That’s the reason for the greenfield plant. Because the K50’s 29 carbon-fiber body panels are colored in the molds (and weigh just 103 pounds total), they arrive ready to fit to the also preassembled aluminum space-frame structure (which weighs 516 pounds). There’s no need for a paint shop or body assembly area, so Mullen’s target of 1,000 K50s per year could easily be assembled in an existing warehouse space. However, the company expects much higher volumes from its own vehicle, which will therefore need body and paint shops.