Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Thursday. The company provided an update on its Fullerton, California battery facility, which is focused on manufacturing next-generation, American-made battery packs and modules.
Mullen Automotive expects battery production at its Fullerton, California, facility to begin in mid-2025.
The company has already installed three battery lines, which include a high-volume standard battery chemistry line, a high-precision low-volume standard chemistry R&D line, and a high-precision low-volume ...