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Mullen Stock Up After Details of EV Sport Crossover Revealed

Five RS features top speed of 200 mph, acceleration from 0 to 60 mph in 1.9 seconds

Brea-based EV upstart Mullen Automotive Inc. (Nasdaq: MULN) has unveiled details of its “ultra-high-performance” Five RS, an EV sport crossover.

The Five RS will feature a top speed of 200 mph and acceleration from 0 to 60 mph in 1.9 seconds. By comparison, the Rivian Automotive Inc. (Nasdaq: RIVN) R1S can accelerate from 0 to 60 mph in three seconds.

Other features include an all-wheel drive, a two-speed gearbox and over 1,000 horsepower.

“The Mullen Five RS is an extremely high-performance EV and intended for those who especially enjoy track/high-performance driving,” Mullen President Calin Popa said in a statement.

It’s “intended to be one of the fastest vehicles on the planet, competing with some of the best and most well-known and regarded automotive marquees,” CEO David Michery said in a statement.

Following the announcement, shares in Mullen were up 4.2% to 55 cents and a $282 million market cap.

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