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MULN Stock Alert: Mullen Secures Distribution Partner for Balkans Region
Net ElementNet Element(US:MULN) investorplace.comยท2024-05-24 16:40

Group 1 - Mullen Automotive has announced a new distribution partnership with GAMA for its electric vehicles in the Balkans Region [1][2] - This partnership is part of Mullen's strategy for global expansion into additional European markets, with GAMA serving as the first distributor in the Balkans [2] - The deal will enable Mullen's commercial EVs to be distributed through GAMA's eight sub-dealers, covering sales, service, and parts operations in the region [2] Group 2 - Following the announcement, Mullen Automotive's stock (MULN) rose by 9.5% on the day, although it remains down 65.9% year-to-date [3] - Trading volume for MULN was approximately 762,000 shares, significantly lower than its daily average of about 4.4 million shares [3]