Mullen Provides an Update on its Next-Gen Battery Test
Feb 28, 2022 By MarketDepth
Mullen Automotive, Inc. (NASDAQ: MULN) provided an update on its next-generation solid-state polymer battery technology earlier today.
Shares Surged
Shares of Mullen Automotive, Inc. (NASDAQ: MULN) surged over 45% during the premarket trading session following the announcement.
Battery Capable of 600+ Miles
According to the data collected from solid-state cell testing, Mullen’s battery was capable of performing over a range of 600-plus miles on a full charge and over 300 miles of range delivered in 18 minutes with DC fast charging.
“The test data collected shows an impressive outcome and future for solid-state batteries. To sum up, we tested our 300 Ah (ampere-hour) cell which yielded 343 Ah at 4.3 volts, and the results surpassed all expectations. We can say with almost certainty that this technology, once implemented on the Mullen FIVE, will deliver over 600 miles of range on a full charge. The future is bright for Mullen Automotive.”
David Michery, CEO and chairman of Mullen Automotive
Additionally, the company is conducting extensive research and development into other advanced battery technologies, including lithium-sulphur and lithium-iron-phosphate, even as it continues work towards utilizing solid-state polymer battery packs in its second generation Mullen FIVE EV Crossovers.
Increased Capacity
Mullen’s ultimate goal is to deliver EV batteries that surpass currently existing lithium-Ion technology and offer numerous additional benefits such as increased efficiency, energy density, and range.
