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Mullen Automotive Inks Strategic Partnership With DSA Systems

Benzinga · 12/29/2021 11:14
  • Mullen Automotive Inc (NASDAQ:MULN) has inked a strategic partnership with DSA Systems, a vehicle system diagnostics, and remote over-the-air OTA technology provider. The financial terms were not disclosed.
  • DSA develops hardware and software solutions for enabling diagnostic processes at all stages of the vehicle life cycle.
  • Mullen and DSA will work together on developing proprietary vehicle diagnostics and remote OTA capabilities for the Mullen FIVE EV Crossover. 
  • "Ideally, we will be able to proactively identify a potential vehicle issue, remotely update and fix the issue, all while the vehicle is parked at the customer's home and not a dealership waiting for service," said CEO and chairman David Michery.
  • Price Action: MULN shares are trading lower by 5.35% at $5.13 on the last check Wednesday.