After acquiring a majority stake in Bollinger Motors, the US electric car start-up Mullen has now also completed the takeover of the electric utility vehicle provider Electric Last Mile Solutions (ELMS). The takeover was not favourable, however, but should significantly accelerate production plans.
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US electric car start-up Mullen continues on the path of acquisitions. After taking the majority stake in Bollinger Motors this summer, the company is now looking into taking over Electric Last Mile Solutions (ELMS).
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US start-up Electric Last Mile Solutions (ELMS), which specialises in commercial electric utility vehicles, has filed for bankruptcy. The bankruptcy filing comes about a year after the company went public and follows the resignation of its founders James Taylor and Jason Luo and an investigation by the US Securities and Exchange Commission (SEC).
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The US start-up Electric Last Mile Solutions, which specialises in commercial electric utility vehicles, has signed a battery supply contract with CATL. In the future, CATL could also manufacture these cells locally in the US.
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