Risk-tolerant investors might see a lot to like in Mullen Automotive (NASDAQ:MULN) stock. The electric vehicle company out of Brea, CA hasn’t really accomplished much yet commercially. And it doesn’t garner much headline ink either. For the most part, it is simply an EV company, among many, hoping to make a splash.
If investors were to judge it based on its performance alone without recent news, they’d probably shy away. But given recent news, it looks like risk-tolerant investors will be increasingly interested in Mullen Automotive.
The reason investors will be talking more interest in Mullen Automotive is that on Feb. 28 the firm announced that it has made progress in the realm of solid-state battery technology.
EV followers will be very aware of the importance of solid-state battery development to the EV industry. As Samsung explains, “A solid-state battery can increase energy density per unit area since only a small number of batteries are needed. For that reason, a solid-state battery is perfect to make an EV battery system of module and pack, which needs high capacity.”
They basically represent a quantum leap over current lithium-ion battery systems used in EVs. That’s where Mullen Automotive comes in. The company revealed that its solid-state polymer battery technology is moving forward with impressive results.
“Mullen’s testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over...
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