What’s up everyone, we recently covered MULN sharing with you, why the future looks bright
for them and in so in this video we’re going back to MULN to share with you the latest updates on
the company, as the catalysts keep piling in. I also share with you an update on another EV gem
which most people are not paying attention to but they have equally just sign a massive MOU,
which could transform their future and fortunes for us shareholders.
So there couldn’t be a better time to pay attention to these EV plays.
I mean there’s just an awful lot happening in the ev space right now
and deep research tells us that’s the trend consumers are going to be flocking to
in the years to come. So with decent opportunities presenting themselves right now, you be sane to at
least have these on your watchlist, for you to do your DD, as my video are not financial advice
and you only buy any stock which you like and if the price is right for you.
These EV stocks are riding at all time lows but presenting us with tremendous
opportunities to take us to the moon. If you hold MULN in your portfolio, please once again
write To the Moon with MULN in the comments section below and make sure you stick around
to the end so you don’t miss out on why the future is looking better for MULN. I personally
see these ev gems as a long term plays but you just never know what may get them to pop sooner.
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That said please drop a quick like on the video and hit the bell, so we can get on
with it with and talk about Mullen Automotive Inc (MULN) which is now sitting flat since our last
video at 61cents per share with a market cap of $312m. It seems to have made some positive moves
since then hitting 67cents per share but has taken another nose dive. But what I like with Mullen is
their managements determination to keep going and building on the catalysts and putting in concrete
steps to deliver shareholder value. Its worth calling out that there are red flags with MULN,
starting with their cash balance at $99m and other operational challenges. So MULN at the
same time may not be everyones cup of tea for investing. So you would only get into this one
if you believe in their story and understand what they vision is about. And as we always aim to buy
low and sell high, I personally think there just couldn’t be a better time to watch MULN
given the catalysts which they have in the tank for November. We are talking of 6 – 8
weeks away only. So time will tell. So here’s the latest with MULN which you need to be aware of.
Mullen Automotive recently acquired a Controlling Interest in the EV Truck
Innovator Bollinger Motors, Inc. This is their first EV acquisition
which propels the Company into the medium-duty truck classes 3-6, along with the B1 and B2
sport utility trucks. The purchase price is $148.2 million in cash and stock for a 60%
controlling interest, which gives Mullen the majority ownership of Bollinger Motors, Inc. and
positions Bollinger to capture the electric sport utility and commercial vehicle markets.
David Michery, CEO commented that “This acquisition is one of the largest in the
EV industry to date and provides Mullen with the unique opportunity to aggressively expand
into the high-demand commercial EV space. The strong interest shown by major customers in
all the high-volume segments like delivery, telecom, municipal services, and utilities is
a clear indication of the market’s desire for Bollinger’s vehicles. So combining Bollinger’s
vehicles with their existing class 1 and class 2 EV cargo van programs, gives them the chance to
dominate the entire class 1-6 commercial light and medium duty truck segments, which is just massive.
In addition, Bollinger will be able to leverage Mullen’s solid-state battery technology,
making their current vehicles even more competitive as their technology
launches across the total portfolio of EVs from both Mullen and Bollinger.” Wow,
what a wider scale presence in the commercial van space.
And here’s abit more about Bollinger and why this deal could be transformative for Mullen.
Launched in 2015, Bollinger Motors is an American automobile designer and manufacturer of electric
sport utility and medium-duty vehicle lines. The company also successfully developed proprietary
vehicle battery packs, drivetrains, and thermal and vehicle control software units. With years
of history in class 3 truck development, intellectual property, patents, and expertise,
the company’s decision made sense to pivot into commercial vehicle development for classes 3-6.
So as part of the acquisition, the company brings Mullen nearly 50,000 reservations previously taken
for the B1 and B2 sport utility vehicles. With Mullen’s acquisition and capital injection,
both B1 and B2 programs will begin after the start of production for class 3-6 commercial
truck programs. The company also brings a significant pipeline of interest from
large companies for commercial electric truck classes 3-6 in a wide range of markets such as
last-mile delivery, refrigeration, utilities, and their upfitters. How very interesting.
And onto our next stop here which is Rivian Automotive Inc (RIVN) which has popped on the back
of some big news and now sitting at $36.88 with a market cap of $33.7bn. Rivian was one of the
biggest fallers of growth stocks earlier this year and at one point sitting at lows of $20 per share.
So really good on those who either bought into that dip or have been cost averaging in as it
has since been slowly surely building some decent momentum, so much that it is almost up 100% from
those lows. And so with the news which they have in the tank, this can only bode even better for
them. But looking at their performance over the last year, you can see that they are still sitting
down 63% and at one point hitting highs of over $170 per share. So whilst those levels may seem
distant memories, if you’re a long term investor like I am, then I feel things can only get better.
Again we always aim to buy low and sell high, so when tremendous opportunities present themselves,
you need to ensure you do your DD and only get in if the price is right for you
as my videos are not financial advice. So here’s what’s new with Rivian.
Mercedes-Benz Vans and Rivian recently moved to partner on electric van production. They signed
a Memorandum of Understanding for a strategic partnership and joint production of electric
vans – with the objective to set the standard in sustainable and all-electric transportation.
The planned joint venture will produce bespoke large electric vans for Mercedes-Benz
and for Rivian and the companies look to leverage shared investments, shared costs
and will pursue operational synergies to rapidly scale electric van production.
They say subject to the parties entering into final binding agreements
and to obtaining the relevant regulatory clearances, the companies intend to establish
a new joint venture manufacturing company with the purpose of investing in, and operating,
a factory in Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian,
starting in a few years. The target is to build an all-new electric-only production facility
leveraging an existing Mercedes-Benz site in Central/Eastern Europe.
The companies envisage production-optimised vehicle designs for efficient manufacturing
on common assembly lines. Where they will aim to produce two large vans, one based on
MB Vans Electric Architecture), , and the other based on the second generation electric-van,
Rivian Light Van (RLV) platform.
RJ Scaringe, Chief Executive Officer added that “Rivian was created to encourage the world to
transition away from fossil fuel consumption by creating compelling products and services.
So they’re delighted to be partnering with Mercedes-Benz on this project
who are one of the world’s best known and respected automotive companies,
and they believe that together they will produce truly remarkable electric vans
which will not only benefit their customers, but the planet.” What a statement right.
How very exciting?? So some very very interesting and mindblowing prospects ahead for these ev
stocks but only consider getting in if the price is right for you and if you fully understand the
risks. This video is not financial advice, a buy or a sell recommendation, but is meant to bring
some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
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Thank you so much for being here and I look forward to have you in my next video. Thank you