Mullen Automotive Announces Impressive Solid State Polymer Battery Test Results

Results from the Battery Innovation Center (BIC) of Indiana show that tests of Mullen Automotive’s solid state polymer battery cells exceed previously reported ratings of 300 Ah (ampere-hour) at 3.7 volts.

BIC tests show impressive results of 343.28 Ah at 4.2 V for Mullen’s solid-state polymer battery cell, which is consistent with results previously reported by EV Grid.

This data supports solid-state polymer battery cell technology, which when matched to vehicle pack level and 150 kilowatt-hour equivalent, can provide over 600 miles of range on one charge. complete for the Mullen FIVE EV crossover.

BREA, Calif., May 31, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc.. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces the results of testing of Mullen’s solid-state polymer batteries with the Battery Innovation Center (BIC) in Indiana. BIC’s test results show that the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested at 343.28 Ah at 4.2 volts, exceeds expectations and meets the testing tolerance of previous EV Grid test results.

Tests conducted at the Battery Innovation Center (BIC) in Indiana, show Mullen’s solid-state polymer cell coming in at 343.28 Ah at 4.2 volts, which is consistent with the previously cited test results from EV Grid. In EV Grid testing, the solid-state battery cell was rated at 300 Ah at 3.7 volts, with the battery producing 343 Ah at 4.3 volts. The test data collected by both BIC and EV Grid exceeded the expected test tolerance and shows an impressive result and future for solid-state batteries.

It is expected that with this technology, when matched at the vehicle pack level, a 150 kilowatt-hour solid-state battery can provide over 600 miles of range on a full charge for the Mullen crossover. FIVE EV. In general, solid-state batteries offer higher energy density, faster charge time, smaller size, and safety compared to traditional lithium-ion cells.

“I am impressed with the continued performance of the solid-state cell after going through several intense test sessions at accredited test facilities,” said David Michery, CEO and President of Mullen Automotive. “The battery performed exceptionally and I’m pleased with BIC’s results in Indiana.

“We are pleased to see that the results of the ongoing tests are consistent with those previously noted,” said Ben Wrightman, President and CEO of Battery Innovation Center. “The cell has so far performed as stated, and we will continue to test additional parameters to characterize overall capabilities and performance.”

Mullen recently announced the “Strikingly Different” WE Test Drive Tour, covering 19 cities across the WE The tour will begin this fall in Southern California and make its way along the WE More details can be found here, or make your Mullen FIVE reservation here.

About the Battery Innovation Center (BIC)
BIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies and commercial enterprises. The Battery Innovation Center is focused on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.

About Mullen
Mullen is a Southern Californiaa New York-based automotive company that owns and partners with several synergistic companies working toward the unified goal of creating clean, scalable energy solutions. Mullen has evolved over the past decade in step with consumer and technology trends. Today, the company works diligently to provide exciting electric vehicle options built entirely in United States and designed to fit seamlessly into the lives of the American consumer. Mullen is working to make electric vehicles more accessible than ever by creating an end-to-end ecosystem that supports all aspects of electric vehicle ownership.

Forward-looking statements
Certain statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “continue”, “will”, “may”, “could”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe” , “estimate”, “”predict”, “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed. or implied by forward-looking statements, many of which are generally beyond Mullen’s control and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether semi-polymer battery cell technology drivers, which when matched to the level of the vehicle pack will perform as intended or provide a range of over 600 miles on a full charge, if the company meets its targets for launching its EV crossover, the FIVE, in the expected deadlines and if so, whether the FIVE will be a success; whether production of its own electric vehicle battery packs will be successful, reduce reliance on third-party suppliers or lead to lower costs and improved overall quality; and whether the Company’s partnerships with ARRK, Dürr and DSA Systems and Over the Air (OTA) will accelerate the deployment of FIVE. Other examples of such risks and uncertainties include, but are not limited to (i) Mullen’s ability (or inability) to obtain additional financing in a sufficient amount or on acceptable terms if needed; (ii) Mullen’s ability to maintain and obtain additional contracts with manufacturers, parts suppliers and other service providers related to its business; (iii) Mullen’s ability to successfully expand into existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unforeseen operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) the adverse effects of increased competition on Mullen’s business; (viii) changes in governmental licenses and regulations that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; and (x) Mullen’s ability to protect its intellectual property; (xi) general local, industrial and business and economic conditions. Other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements can be found in the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may alter his plans, intentions and expectations. Mullen undertakes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]

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