Mullen Completes Purchase of Additional Nikola Battery Assets for US Battery Production

Core Viewpoint - Mullen Automotive is enhancing its U.S. battery production capabilities by acquiring new equipment from Nikola Corporation, aiming to produce next-generation, American-made battery packs and modules to support its commitment to zero emissions and reduce reliance on foreign battery components [2][3][5]. Group 1: Battery Production Capabilities - The Fullerton facility will feature multiple battery production lines and testing capabilities, including two high-volume standard battery chemistry lines and a full battery testing laboratory [3][8]. - Mullen plans to start production in the second half of 2025, focusing on manufacturing its own commercial vehicle battery packs and exploring other industry applications [1][3]. Group 2: Recent Acquisitions and Investments - Mullen's recent purchase from Nikola includes a high-volume standard battery chemistry production line and an electro-dynamic shaker system for in-house testing [3][5]. - The company previously acquired battery production assets from Romeo Power for approximately $3.5 million, which included equipment, inventory, and intellectual property for high-volume EV battery production [5]. Group 3: Strategic Goals and Funding - Mullen is seeking$55 million in matching funds from the U.S. Department of Energy to support its U.S.-based battery and pack production initiatives [5]. - The company emphasizes its commitment to transitioning to American-made battery components, with operations based in Southern California [4]. Group 4: Company Overview - Mullen Automotive is based in Southern California and operates two vehicle plants in the U.S., with a focus on building the next generation of commercial electric vehicles [6]. - The company has begun commercial vehicle production and has expanded its dealer network to seven dealers across key U.S. markets [6].