- Mullen is granted a license for IP and exclusive distribution rights in North and South American markets for the Qiantu K50/DragonFLY.
- Mullen will finalize vehicle engineering pursuant to U.S. standards with final assembly in Mishawka, Indiana.
- EV supercar will be rebranded and refreshed to sell under the Mullen GT & GTRS brands with expected performance specs of 0-60 MPH in 1.95 seconds and a top speed over 200 MPH.
BREA, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it has been granted the North and South American IP and distribution rights from Qiantu Motors and affiliated companies as part of a license agreement allowing assembly and distribution of the DragonFLY K50 in the Americas.
Qiantu K50 Rebranded and Relaunched as Mullen GT and GTRS: