Mullen Automotive Unveils EV Battery Factory in California, merging with Romeo Power assets

Mullen Automotive announced a new facility in Fullerton, California, aimed at expanding the company’s EV battery pack development and production.

The company plans to merge its Monrovia, California plant + their recently acquired Romeo Power assets, all within this new Fullerton facility. Mullen also stated that the Monrovia facility will cease operations by the end of the year.

The development will help leverage incentives provided in the 2022 Inflation Reduction Act (IRA), which now includes significant incentives for customers to purchase EVs and for electric vehicle manufacturers to produce “American Made” EVs with domestically sourced battery materials and packaging.

David Michery, CEO and chairman of Mullen Automotive, said, “We are one step closer to fulfilling our commitment to providing the next generation of battery technology to our lineup of EV vehicles, providing a clean and safe alternative to current lithium-ion batteries.”

Mullen saw a slight increase in their stock following the news.

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