BEIJING, China, May 13, 2016 – Mullen Technologies Inc. and BAIC Automotive Group have signed a letter of intent (LOI) to exclusive distribute four selected vehicles in the United States, Canada, Central America and South America. The two companies will aim to combine their manufacturing and battery technology with the goal of dramatic improvements in electric vehicle range, affordability, and safety.
“By combining the world recognized quality of BAIC Automotive Group’s vehicles with Lithium Ion battery technology and battery management system products from Mullen Technologies, a new level of achievement in green technology and electric vehicle ability will be achieved,” said David Michery, CEO of Mullen Technologies, Inc. Mullen has preliminarily chosen the ES210, EU260, EV200 and EU220. Mullen will work to certify these four vehicles with the USDOT and NHTSA compliance protocols and eventually integrate the updated battery management system and proprietary lithium ion technology into all BAIC vehicles.
The President of Mullen Technologies, Inc., Richard Curtis, formerly represented Mullen at the official signing, while Zou Weiping, CEO of Mullen Greater China Operations Group and other selected executives joined the ceremony.
About Mullen Technologies:
Mullen Technologies, Inc. is a California based pre-IPO Electric Vehicle (EV) manufacturer and international distributor of high tech, zero emission vehicles. The Company aims at solving the significant environmental problem caused by gasoline powered vehicles and providing a variety of affordable, electric cars to the American market and the entire world market. Currently, the Company manufactures a proprietary USDOT certified four door electric sedan. The company is in negotiations with several international vehicle manufacturers to develop joint ventures to bring quality, cost effective vehicles to the United States for certification and distribution.
Mullen Technologies, Inc. is committed to not only low cost, high quality product, but to being a fiscally responsible organization that values good business sense and refuses to spend indiscriminately or irresponsibly.
The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.
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Mullen Technologies, Inc.