other material
confidence high
sentiment neutral
materiality 0.55
Mullen Automotive submits updated DOE plan for battery manufacturing grant, requesting $55M
BOLLINGER INNOVATIONS, INC.
- Requesting $55M in matching DOE funds for battery materials processing.
- Invested $12M to date; plans additional $43M in support of U.S. production.
- First production units planned for late mid-2025; two additional lines each following year.
- Mishawaka facility capacity: 108,000 battery systems or 1 GWh per year.
- Mishawaka for high-volume production; Fullerton for R&D and solid-state prototype.