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Mullen Automotive’ JV Technology Bumps Up EV Performance, Test Results Show

Mullen Automotive Inc (NASDAQ:MULN) revealed the test results of its recently acquired joint venture technology which can improve electric…
byShivani Kumaresan
April 21, 2023
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  • Mullen Automotive Inc (NASDAQ:MULN) revealed the test results of its recently acquired joint venture technology which can improve electric vehicle (EV) performance by boosting the range by 60-70%.
  • Element Materials Technology results showed that the Energy Management Module (EMM) technology significantly increases any EV battery’s driving range.
  • A high-volume OEM electric vehicle tested by Element led to an increase in range from 269 to 431 miles.
  • The range boost indicates a 60% improvement in efficiency.
  • EMM technology was also tested on Mullen’s Class 1 EV Cargo Van and showed a 75% increase in range with 42-kWh lithium-ion battery pack.
  • U.S. provisional patent application has been filed covering the technology.
  • The EMM technology is being integrated into the final stages of product development.
  • Also Read: Mullen Automotive Adopts Solid-State Polymer Battery Technology To Boost Range
  • Price Action: MULN shares are trading higher by 18.30% at $0.10 on the last check Friday.
 
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