Mullen Automotive stock surge: Mullen Automotive stock skyrockets over 240% as EV startup unveils bold plan to launch SUV in Europe this year

Mullen Automotive stock soars over 240% as EV startup unveils bold plan to launch SUV in Europe this year- Mullen Automotive stock exploded in early Wednesday trading, jumping more than 240% after the California-based electric vehicle startup revealed plans to launch its debut SUV, the Five RS, in Europe by the end of 2025. This bold move signals Mullen’s fresh strategy to expand internationally, starting with Germany, before extending sales to other European countries, the UAE, and Africa in 2026. With a U.S. launch tied to overseas success, investors reacted enthusiastically, driving shares sharply higher despite recent struggles.

Why did Mullen Automotive stock surge over 240% today?

The main trigger behind Mullen Automotive’s stunning stock rally was the announcement that sales of its first SUV, the Five RS crossover, will kick off in Germany later this year. The company is also planning to broaden sales to more European markets, the United Arab Emirates, and Africa throughout 2026. Mullen’s strategy is clear: build a solid presence overseas before officially launching the vehicle in the United States. As stated in the company’s release, “The Company also intends to launch the Mullen FIVE RS in the U.S. once it has achieved a proven track record of sales and success throughout key European markets.”

This international approach convinced investors and traders, pushing shares up sharply in early trading. At the time of writing, shares rose 224% to $17.11, putting Mullen’s market value at about $8.7 million. However, it’s important to note that the stock remains far below previous highs after multiple reverse stock splits designed to meet Nasdaq’s listing requirements.

What makes the Mullen Five RS SUV stand out in the crowded EV market?

Mullen describes the Five RS as an “ultra-high-performance EV” with impressive specs aimed to catch attention. The SUV boasts a top speed of 200 mph and can sprint from 0 to 60 mph in under two seconds. Under the hood, it packs more than 1,100 horsepower, built on a modern 800-volt architecture with all-wheel drive. These features position the Five RS as a serious contender in the electric SUV space, combining speed and power that few competitors match.

The SUV’s high-performance focus is clearly part of Mullen’s appeal to buyers looking for electric vehicles with sportscar-like qualities, setting it apart from more traditional electric crossovers.

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How will Mullen manufacture the Five RS for its European debut?

Manufacturing will be handled through a partnership with Faissner Petermeier Fahrzeugtechnik AG (FPF), a German automotive firm. This collaboration will allow Mullen to produce the Five RS vehicles closer to the European markets it plans to serve, speeding up delivery times and reducing costs. This manufacturing tie-up is a crucial step for Mullen, enabling the startup to leverage local expertise and infrastructure. It also signals Mullen’s commitment to growing in Europe, rather than relying solely on exporting vehicles from the U.S.

What does Mullen’s recent acquisition of Bollinger Motors mean for the company?

In addition to unveiling the Five RS launch plan, Mullen announced it increased its ownership stake in Bollinger Motors to 95%, acquiring an extra 21%. This boost in ownership raises shareholder equity by around $3.5 million and consolidates Mullen’s control over the electric truck maker.

Bollinger Motors is known for producing rugged electric trucks, and its acquisition adds diversity to Mullen’s portfolio. This move could provide new product opportunities and synergies as Mullen expands its footprint in the EV market.

Is the U.S. launch of the Five RS guaranteed, or does it depend on Europe’s success?

The U.S. launch of the Five RS is conditional, dependent on the vehicle’s commercial success in Europe and other overseas markets. Mullen’s statement made this clear: they want a “proven track record of sales and success throughout key European markets” before introducing the SUV to American buyers.

This cautious, step-by-step approach aims to reduce risk and validate demand internationally before committing significant resources at home. It’s a strategic move that investors seem to welcome, reflected in the stock’s surge.

What caused Mullen Automotive stock to jump?
Mullen Automotive stock jumped over 240% after announcing the European launch plan for its Five RS SUV and a new German manufacturing deal.

When will Mullen launch the Five RS in the U.S.?
Mullen will launch the Five RS in the U.S. only after it sees strong sales success in Europe and other overseas markets.

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