Breaking #EV #Stock News: BOLLINGER
MOTORS (NASDAQ: $MULN) ANNOUNCES OUR NEXT ENERGY AS BATTERY SUPPLIER FOR
ELECTRIC COMMERCIAL TRUCKS; @Mullen_USA
Our Next Energy (ONE) will build
battery packs for Bollinger locally in Van Buren Twp., Michigan
DETROIT,
MI, November 10, 2022 - (Investorideas.com
Newswire) Bollinger Motors, which recently became a majority owned
company of Mullen Automotive, Inc. (NASDAQ: MULN), has
announced Our Next Energy will be supplying modular, linkable Aries battery
packs to power its all-electric commercial platforms and chassis cabs.
Read
this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/11101Our-Next-Energy-Battery-Supplier.asp
“ONE
battery packs are ideal for our commercial trucks, giving our customers the
range they need,” said Robert Bollinger, founder and CEO of Bollinger Motors.
“The fact they’ll be built in the US and in Michigan is a huge advantage for us
going forward.”
Bollinger's
all-electric Class 4 through Class 6 chassis cabs are designed to meet
commercial customers’ needs in a segment that often requires large payloads,
sufficient range, durability, and longevity.
“We
are pleased to provide Bollinger commercial vehicles with industry-leading
range, using our Aries LFP battery platform,” said Mujeeb Ijaz, founder and CEO
of ONE. “The Aries LFP chemistry contains no nickel and cobalt, offering superior
durability and daily charging up to 100% without compromise."
"Halting
development of our batteries in-house and teaming up with O.N.E. is a win-win
in both technological advancement and production logistics," says Bryan
Chambers, COO of Bollinger Motors. "We've not only advanced the quality of
our product, but moved our fleet delivery dates closer."
Bollinger
Motors will first launch their Class 4 Chassis Cab which is designed to hold 1
or 2 battery packs, depending on the customer’s desired range needs. Class 5
Platforms for walk-in van upfits will follow. The packs are expected to be
available for Bollinger’s anticipated start of production in late 2023.ABOUT
BOLLINGER MOTORS
Founded
in 2015 by Robert Bollinger, Bollinger Motors is a U.S.-based company,
headquartered in Oak Park, Michigan. Bollinger Motors will manufacture
all-electric platforms and chassis cabs for commercial vehicles in Classes 4-6.
www.BollingerMotors.com
PRESS CONTACT
BOLLINGER MOTORS
Valentine
Oldham
Principal,
Valentine PR
617
721 5392
ABOUT OUR NEXT ENERGY
Our
Next Energy, Inc. (ONE) is a Michigan-based energy storage company focused on
battery technologies that will radically accelerate the adoption of electric
vehicles and expand the possibilities of next-level storage solutions. Our
vision is simple: Double the range of electric vehicles; use safer, more
sustainable raw materials; and establish a localized supply chain. This
strategy will result in a reliable, cost-effective, and conflict-free supply
chain. www.one.ai
PRESS CONTACT
OUR
NEXT ENERGY
Sydni
Williams
Communications
Manager
734
272 2910
Forward-Looking Statements
Certain
statements 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. Any statements contained in this press
release that are not statements of historical fact may be deemed
forward-looking statements. Words such as "continue,"
"will," "may," "could," "should,"
"expect," "expected," "plans,"
"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
in the forward-looking statements, many of which are generally outside the
control of Bollinger Motors and are difficult to predict. Examples of such
risks and uncertainties include: (a) Bollinger Motors’ receipt of initial
orders for the product by the anticipated availability date; (b) ONE’s ability
to produce and deliver the product at anticipated production volume demands;
(c) ONE’s ability to deliver a battery product with the expected range; (d)
ONE’s ability to deliver the product at the anticipated cost; or (d) Bollinger
Motors’ future business decisions related to in-house battery development.
Additional examples of such risks and uncertainties include but are not limited
to: (i) Bollinger Motors’ ability (or inability) to obtain additional financing
in sufficient amounts or on acceptable terms when needed; (ii) Bollinger
Motors’ ability to maintain existing, and secure additional, contracts with
manufacturers, parts and other service providers relating to its business;
(iii) Bollinger Motors’ ability to successfully expand in existing markets and
enter new markets; (iv) Bollinger Motors’ ability to successfully manage and
integrate any acquisitions of businesses, solutions or technologies; (v)
unanticipated operating costs, transaction costs and actual or contingent
liabilities; (vi) the ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition on Bollinger Motors’
business; (viii) changes in government licensing and regulation that may
adversely affect Bollinger Motors’ business; (ix) the risk that changes in
consumer behavior could adversely affect Bollinger Motors’ business; (x)
Bollinger Motors’ ability to protect its intellectual property; (xi) the
vehicles developed will perform as expected and (xii) local, industry and
general business and economic conditions. Additional factors that could cause
actual results to differ materially from those expressed or implied in 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 Automotive, Inc., of which Bollinger Motors is a
partially-owned subsidiary, with the Securities and Exchange Commission.
Bollinger Motors anticipates that subsequent events and developments may cause
its plans, intentions, and expectations to change. Bollinger Motors assumes no
obligation, and it 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 Bollinger Motors’ plans and expectations as
of any subsequent date.
Wire
Service Contact
InvestorWire
(IW)
Los
Angeles, California
212.418.1217
Office
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