Mullen Automotive, the company that acquired a majority stake in Bollinger Motors last fall, revealed this week that it has successfully reacquired the intellectual property (IP) and North American distribution rights for the Chinese Qiantu K50. Current plans are to assemble and market a localized version of the electric vehicle under the monikers Mullen GT and Mullen GTRS.
The Qiantu K50, which had been mentioned briefly on the EV Resource Podcast, Episode #12, serves as the foundation for Mullen Automotive's new supercar, although few details have been released at this time. We do know that Mullen is targeting a 0-60 time of less than two seconds and a top speed of more than 200 mph.
The company has not yet disclosed the battery pack capacity for the US-spec models either, although the Chinese versions are equipped with a 78kWh unit. However, they did previously mention that the vehicle will feature a distinct battery box module, which will include an active liquid cooling and heating management system.
“Qiantu has been working on developing electric vehicles since 2013. We are honored to cooperate with Mullen Automotive to bring Qiantu K50 to the U.S. market,” said Chairman Lu of Qiantu Motors. “With its sleek design, excellent driving and handling performance, and impressive full carbon fiber exterior, we believe the Qiantu K50 will be a success in the U.S. EV market, offering users a new level of performance and convenience.”
Additionally, Mullen has been making all-electric commercial vans, with deliveries recently to UNC Charlotte. The company also has plans to introduce a compact EV in Europe, based on a Chinese model, as well as the Mullen Five, a luxury crossover.
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs, and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.