On December 17, 2024, Mullen Automotive (NASDAQ: MULN ) submitted a revised proposal to the U.S. Department of Energy (DOE) as part of its initiative to secure grant funding for battery materials processing. The company is requesting $55 million to enhance its domestic production capabilities for electric vehicle (EV) batteries and packs, utilizing its facilities located in Mishawaka, Indiana, and Fullerton, California.
Mullen’s strategy reflects a significant commitment to advancing U.S. manufacturing in the electric vehicle sector. The company has already invested $12 million in battery and pack development, with plans to allocate an additional $43 million aimed at bolstering U.S.-based production. This funding is intended to meet the growing global demand for battery systems, positioning Mullen as a competitive player in the rapidly evolving EV market.
The company’s updated plan highlights its intention to transition into the manufacturing and assembly of both high-voltage and low-voltage battery systems domestically. A pivotal aspect of this strategy is the relocation of high-volume production operations to Mishawaka, a site formerly occupied by GM Hummer and AM General manufacturing. This facility is set to be revitalized with the capacity to produce up to 108,000 battery systems annually, equating to approximately 1 gigawatt-hour of energy.
In addition to its production expansion, Mullen has made strategic acquisitions, including assets from Romeo Power and Nikola, which are expected to enhance its battery pack production capabilities. These investments are part of a broader initiative to increase speed to market for its products while ensuring that Mullen remains at the forefront of innovation in battery manufacturing.
Mullen’s Fullerton facility will serve a dual purpose, it will focus on research and development as well as low-volume production of solid-state battery prototypes. Furthermore, the company is exploring the addition of a low-voltage line capable of producing 24-volt and 48-volt battery modules, which would diversify its product offerings.
The DOE’s funding opportunity is part of a larger initiative established under the Bipartisan Infrastructure Law, which earmarks up to $3.5 billion for enhancing domestic production of advanced batteries and materials. This program aims to create a robust battery materials processing industry in the U.S., thereby reducing dependence on foreign sources.
David Michery, CEO and chairman of Mullen Automotive, emphasized the company’s focus on domestic production: “We are laser-focused on bringing battery and pack production right here to the USA.” This commitment aligns with national goals for clean energy and advanced manufacturing.
As Mullen prepares for its first production units slated for delivery in mid-2025, it anticipates launching two additional production lines each year thereafter. This phased approach not only aims to meet immediate market demands but also positions Mullen for sustained growth in the EV sector.
Mullen Automotive’s recent actions reflect a strategic pivot towards enhancing its manufacturing capabilities within the United States. By securing DOE funding and investing heavily in infrastructure and technology, Mullen is aiming to fulfill current market needs and contribute to the broader objectives of U.S. clean energy initiatives.
