Mullen Announces Promotion of John Taylor to President of Commercial EV Division

Taylor also retains role as SVP of Global Manufacturing for Mullen Automotive

In 2010, John joined Tesla and was one of the first 50 employees, leading the advanced manufacturing engineering group. Taylor played a critical role in opening Tesla's Fremont facility and manufacturing operations for the Tesla Model S and architecture for future EV projects

BREA, Calif., August 07, 2024- via InvestorWire - Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, today announces John Taylor as president of Mullen's commercial EV division. Taylor also retains position of senior vice president of global manufacturing for Mullen Automotive.

Since joining Mullen in 2021, Taylor has played a pivotal role in the development and successful launch of the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 low cab forward commercial EV lines which launched in September and November 2023. In his new role as president of the Commercial EV division, Taylor will oversee Mullen's commercial vehicle operations which includes engineering, supply chain management and manufacturing.

"I'm extremely excited to move into this role. We have the opportunity to transform the commercial EV space and create a blueprint for others to follow," said Taylor, president of Mullen Commercial.

"John has been an invaluable asset to our company and his promotion to president of Commercial EV Division is a testament to his exceptional leadership and contributions," said David Michery, CEO and chairman of Mullen Automotive. "His proven expertise will be instrumental in driving growth, expanding our market share and achieving our commercial EV business goals."

Taylor brings a great breadth of experience with a career spanning over 35 years. He oversaw several plant start-ups and over 12 vehicle launches in the U.S. and internationally. In 1987, Taylor graduated from the Philpot School of Automotive Design in Detroit and began his automotive career with General Motors. At GM, he was involved with 11 major automotive vehicle launches while serving as launch manager, operations manager, and machine and equipment manager, among other roles. In 2010, John joined Tesla and was one of the first 50 employees, leading the advanced manufacturing engineering group. Taylor played a critical role in opening Tesla's Fremont facility and manufacturing operations for the Tesla Model S and architecture for future EV projects.

About Mullen

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ("CARB") and EPA certified and available for sale in the U.S. Recently, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, providing up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone ("FTZ") status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.

To learn more about the Company, visit www.MullenUSA.com.

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 Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) ability to successfully expand in existing markets and enter new markets; (iv) 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 Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) ability to protect intellectual property; and (xi) 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 with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen 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 Mullen's plans and expectations as of any subsequent date.

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

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

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