Mullen Automotive Finalizes Settlement with GEM Group

Core Viewpoint - Mullen Automotive has finalized a settlement with GEM Yield Bahamas Limited and GEM Global Yield LLC, resolving all outstanding legal disputes and allowing the company to focus on its operational priorities moving forward [1][2][3] Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with two vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana [4] - The Mishawaka facility spans approximately 780,000 square feet on nearly 58 acres, originally constructed for Hummer H2 production by General Motors [4] Recent Developments - Mullen began commercial vehicle production in Tunica in August 2023, with the Mullen ONE and Mullen THREE receiving CARB and EPA certification as of January 2024 [5] - The company has established a commercial dealer network across key U.S. markets, including the West Coast, Midwest, and New England [5] - Bollinger Motors, a majority-owned subsidiary of Mullen, launched production of its Class 4 electric truck, the B4, on September 16, 2024, and has developed a dealer network with over 50 locations [6]