Mullen Automotive Inc. is making headlines today as its MULN stock gains attention following the announcement of plans to relaunch the Mullen FIVE RS EV Crossover. Sales for this high-performance electric vehicle are set to commence in Germany by December 2025.
The company has recently completed rigorous 800-volt battery performance tests at TUV SUD’s facility in Munich and is now moving towards on-road testing for final validation. The Mullen FIVE RS, known for its impressive specs including a top speed of 200 mph and the ability to accelerate from 0-60 mph in under two seconds, is expected to further penetrate the European market, with expansions planned for other EU countries, the UAE, and South Africa in 2026.
A noteworthy aspect of this initiative is Mullen’s partnership with Faissner Petermeier Fahrzeugtechnik AG, a German engineering and manufacturing firm with a solid track record of collaborations with prestigious automakers like BMW and Gumpert. Mullen’s president, Calin Popa, emphasized that this partnership would ensure the highest quality in delivering the FIVE RS.
CEO David Michery expressed enthusiasm about this venture, stating that their focus has always been to bring an ultra-high-performance EV to the market, starting with Germany.
On social media, Mullen is currently trending among stock enthusiasts, indicating a spike in public interest even as the stock price remains relatively stable. As of the latest update, Mullen shares have seen a slight increase of 0.90%, trading at $5.63. However, it’s important to note that the stock is still below its 50-day and 200-day simple moving averages following a recent reverse stock split.
Mullen Automotive’s efforts signify a step forward in the competitive electric vehicle market, aiming for international growth and innovation. This ambition not only showcases their dedication to performance but also highlights the expanding landscape of electric vehicles in the global market.