- Mullen has filed a patent for an Energy Management Module.
- The EMM reduces demand on the battery and extends range life.
- MULN stock jumped 34% in Friday’s premarket.
- Mullen stock price lost 5.8% on Thursday to hit all-time low.
Mullen Automotive (MULN) stock has gained more than 34% to $0.1139 in Friday’s premarket on the back of a new patent filing released late Thursday. It seems that Mullen’s R&D joint venture has developed an Energy Management Module (EMM) that can increase an electric vehicle’s range by 60% to 70%. The news comes at the right time for Mullen since its stock price hit a new all-time low on Thursday.
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