Mullen Automotive Resolves Long-Standing Legal Dispute with GEM Over Mishawaka Assets

Mullen Automotive Inc. has successfully negotiated a settlement agreement with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS, effectively resolving a four-year legal dispute regarding its Mishawaka, Indiana manufacturing assets. The agreement provides a strategic pathway for potential asset transfer while suspending ongoing collection activities.

Under the terms of the settlement, GEM will have a 55-day due diligence period—potentially extendable—to comprehensively evaluate the transfer of Mullen's Mishawaka facility. This resolution represents a significant milestone for the electric vehicle manufacturer, which remains committed to its broader manufacturing expansion strategy.

The settlement comes at a critical juncture for Mullen, which has been actively developing its electric vehicle product lines. The company has already begun commercial vehicle production at its Tunica, Mississippi facility and has secured important certifications for its Mullen ONE cargo van and Mullen THREE truck models. These vehicles have received California Air Resource Board and EPA certifications, positioning Mullen competitively in the commercial electric vehicle market.

Key achievements supporting Mullen's strategic objectives include receiving federal EV tax credit approval, which offers eligible customers up to $7,500 per vehicle, and obtaining Foreign Trade Zone status for its Tunica manufacturing center. These developments provide potential cost advantages and enhance the company's manufacturing flexibility.

The resolution with GEM allows Mullen to maintain its focus on expanding manufacturing capabilities and growing its commercial electric vehicle portfolio. With an expanding dealer network now covering key markets across the United States, the company appears poised to continue its growth trajectory in the rapidly evolving electric vehicle sector.