Mullen Automotive ( (MULN) ) has provided an announcement.
On March 14, 2025, Mullen Automotive Inc. terminated its Purchase Agreement with Volt Mobility Holding Ltd., which was initially established on August 23, 2024, and later amended on November 4, 2024. This agreement involved the exclusive distribution of Mullen’s commercial EVs in the United Arab Emirates at preferred wholesale pricing, impacting the company’s strategic operations in the region.
More about Mullen Automotive
Mullen Automotive Inc. operates in the automotive industry, focusing on the development and distribution of electric vehicles (EVs). The company is involved in producing commercial EVs and aims to expand its market presence, particularly in regions like the United Arab Emirates.
YTD Price Performance: -99.44%
Average Trading Volume: 2,979,391
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.68M
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