Mullen is a California-based electric vehicle startup that has largely slipped under the radar but has been making a lot of noise in recent months.
For example, the company unveiled the Five crossover last November at the 2021 Los Angeles Auto Show. The rival Tesla Model Y is expected in 2024 with a range of 325 miles and will start from $55,000. In February, Mullen also said he was developing solid-state battery technology, which the company says could appear in a next-generation version of the Five.
Mullen has just announced that it plans to assemble its own batteries at its current R&D facility in Monrovia, California. The facility was originally created by failed EV startup Coda. Mullen purchased the Coda assets in 2014 and took over the Monrovia facility in 2017.
Mullen will use the facility to assemble batteries not only for the Five crossover, but also for a planned minivan and sports car. The sports car, known as Dragonfly, is a version of the Qiantu K50 which was unveiled in 2016 and is currently on sale in China.
“Building our own batteries makes sense because it reduces our reliance on third-party suppliers and lowers our risk of being subject to supply waves and shortages of critical components,” said David Michery, CEO and President of Mullen , in a press release.
Mullen also plans to assemble vehicles in the United States. Last year, the company acquired a factory in Tunica, Mississippi, where it plans to begin production of its minivan, known as the One, later this year. The company will eventually add production of the Five crossover to the plant in 2024. Mullen previously said he would import the Dragonfly sports car from China.