Mullen Automotive Expands EV Market Reach with Papé Kenworth Partnership

Mullen Automotive (NASDAQ: MULN) has announced a strategic partnership with Papé Kenworth, a premier full-service dealer based in Eugene, Oregon, to expand its electric vehicle (EV) dealership network. This collaboration, Mullen's seventh franchise dealer partnership, aims to provide zero-emissions trucks for various applications, supporting customers in meeting environmental regulations.

David Michery, CEO and chair of Mullen Automotive, highlighted the importance of the partnership, noting Papé Kenworth's extensive experience and reach in the commercial vehicle industry. This alliance is expected to introduce Mullen's commercial EVs to a broader market, leveraging Papé Kenworth's over 30 locations across the Western United States.

The partnership announcement coincides with Mullen Automotive's recent achievements, including the commencement of commercial vehicle production at its Tunica, Mississippi facility and IRS approval for federal EV tax credits on its commercial vehicles. These developments, along with the Qualified Manufacturer designation, offer eligible customers up to $7,500 per vehicle, enhancing the accessibility of Mullen's EVs.

Mullen's product offerings, including the Mullen One and Mullen Three, have received certifications from the California Air Resource Board (CARB) and EPA, making them available nationwide. The Mullen Three also qualifies for the Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (HVIP), providing up to a $45,000 cash voucher at purchase.

Beyond the Papé Kenworth partnership, Mullen has expanded its dealer network to include Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, and Range Truck Group, strengthening its presence in key markets. Additionally, the company's Tunica facility has been granted Foreign Trade Zone (FTZ) status, offering financial benefits that could bolster its global competitiveness.

This partnership underscores the automotive industry's shift towards electrification, with strategic alliances like Mullen and Papé Kenworth's playing a pivotal role in accelerating the adoption of electric commercial vehicles. As demand for sustainable transportation solutions grows, such collaborations are set to influence the future landscape of the automotive industry.