Mullen Automotive' JV Technology Bumps Up EV Performance, Test Results Show - Mullen Automotive (NASDAQ:MULN)

Mullen Automotive Inc MULN revealed the test results of its recently acquired joint venture technology which can improve electric vehicle (EV) performance by boosting the range by 60-70%.
Element Materials Technology results showed that the Energy Management Module (EMM) technology significantly increases any EV battery's driving range.
A high-volume OEM electric vehicle tested by Element led to an increase in range from 269 to 431 miles.
The range boost indicates a 60% improvement in efficiency.
EMM technology was also tested on Mullen's Class 1 EV Cargo Van and showed a 75% increase in range with 42-kWh lithium-ion battery pack.
U.S. provisional patent application has been filed covering the technology.
The EMM technology is being integrated into the final stages of product development.
Also Read: Mullen Automotive Adopts Solid-State Polymer Battery Technology To Boost Range
Price Action: MULN shares are trading higher by 18.30% at $0.10 on the last check Friday.