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Mullen Automotive (NASDAQ:MULN) has kept busy in the last few weeks, announcing major news such as the $92 million bankruptcy acquisition of Electric Last Mile Solutions (NASDAQ:ELMSQ) and purchasing a majority stake in Bollinger Motors. The acquisition of ELMSâ€™s manufacturing facility in Mishawaka, Indiana, will help the electric vehicle (EV) company speed up the release of the Bollinger B1 and 12 by at least 12 months. The facility will have a production capacity of up to 50,000 vehicles per year. Still, another MULN stock catalyst set for Oct. 27 is quickly approaching.
In about a weekâ€™s time, Mullen will host its â€œStrikingly Differentâ€ test-drive tour. It will take place across 19 cities in the U.S., starting with the Rose Bowl in Pasadena, California. Each event will last for two days and feature the unreleased Mullen Five SUV Crossover. The second city on the tour is Las Vegas, Nevada, which will take place on Nov. 10 and 11.
In Las Vegas, Mullen expectsÂ to showcase the Five RS as well, which boasts around 1,100 horsepower and speeds up to 200 miles per hour. In addition, the company hinted that there will be â€œother exciting features availableâ€ at the events. Both legs of the tour are already at full capacity.