Shares of Mullen Automotive are up 41% in premarket trading at 12c per share. The stock is among the highest trending names on StockTwits in terms of message volume over the past 24 hours after announcing test results of its recently acquired Element Materials Technology indicating that the Energy Management Module "substantially increases the driving range and efficiency of any current EV battery", resulting in a calculated increase in range from 269 to 431 miles.
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Published first on TheFly
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