Mullen Automotive Seeks $55 Million in DOE Funds to Boost Domestic Battery Production
TL;DR
Mullen Automotive strategically invests in advanced battery production, positioning as a leader in U.S. manufacturing.
Mullen's revised plan focuses on high-volume battery production at Mishawaka and research at Fullerton facilities.
Mullen's efforts to expand clean energy production align with DOE goals, contributing to a greener future.
Mullen Automotive's plan for battery production showcases innovation and progress in the electric vehicle industry.
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Electric vehicle manufacturer Mullen Automotive is positioning itself as a key player in U.S. domestic battery production through a strategic proposal to the Department of Energy (DOE). The company has invested $12 million to date and plans an additional $43 million in infrastructure improvements across two facilities in Mishawaka, Indiana, and Fullerton, California.
The proposal seeks $55 million in matching funds under a program supported by the Bipartisan Infrastructure Law, with a primary focus on expanding battery manufacturing capacity. The Mishawaka facility, a former GM Hummer plant, is slated for significant upgrades to enable production of 108,000 battery systems annually.
Mullen's strategic approach includes differentiating facility roles, with Mishawaka dedicated to high-volume battery production and Fullerton targeting research, development, and prototype creation. This plan aligns with broader DOE objectives to strengthen domestic clean energy manufacturing capabilities.
The company anticipates delivering its first production units by mid-2025, with additional production lines expected to launch in subsequent years. This initiative represents a significant step in developing U.S. electric vehicle infrastructure and reducing dependence on international battery supply chains.
By investing in domestic battery manufacturing, Mullen is not only expanding its own production capabilities but also contributing to national efforts to establish a robust, localized electric vehicle ecosystem.
Curated from InvestorBrandNetwork (IBN)
