Mullen lands class 3 purchase order from NRTC Automation Group

investing.com:

Electric Vehicle maker, Mullen (NASDAQ:MULN) announced Monday a multiunit vehicle purchase order made by NRTC Automation Group for the initial purchase of three all-electric commercial Class 3 Mullen trucks. Delivery of the vehicles is scheduled to begin in the 4Q of 2023.

“NRTC is a leader in automotive manufacturing automation and we are confident that our Class 3s will be an ideal fit for many of NRTC’s applications,” said Mullen CEO David Michery.

NRTC, headquartered in Alabama, has establishments in South Carolina, Michigan, and Ontario. The company's primary emphasis is on delivering comprehensive automation, prototyping, and production manufacturing services tailored for the automotive sector.

Mike Vagi, president of NRTC, said: “We were very impressed with the Mullen THREE after having the chance to sit in the vehicle and test drive it at Mullen's commercial launch event in Tunica, Mississippi, last week. We have several applications where the Mullen THREE will be an ideal fit in NRTC’s vehicle fleet.”

Manufactured at Mullen's commercial production hub in Tunica, Mississippi, the Mullen THREE is crafted within a vast facility spanning more than 120,000 square feet and situated across more than 100 acres of land. This manufacturing center is dedicated to producing Class 1 and Class 3 commercial EVs, and benefits from its strategic location near major railway networks, interstates, Mississippi river systems, and air logistics. As a result, it stands as a pivotal logistical hub in North America.

Shares of MULN are down 11.4% in early trading Monday.