Mullen Automotive Soars 19.23% on Rebranding to Bollinger Innovations

Mullen Automotive's stock surged by 19.23% in pre-market trading on July 23, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

Mullen Automotive has recently announced its plan to change the company's name to Bollinger Innovations, Inc. and has received NASDAQ approval for the new ticker symbol, BINI. This rebranding effort is part of the company's strategic move to align with its evolving business model and future growth plans.

The company has undergone several reverse stock splits in recent years, including a 1-for-60 split in 2025. These splits have been implemented to maintain the stock's trading price within a desirable range, although they have also led to some technical challenges for investors and analysts tracking the stock.

Mullen Automotive, an emerging electric vehicle (EV) manufacturer, continues to make strides in the sustainable transport sector. The company's subsidiary has been actively involved in developing innovative EV solutions, positioning Mullen as a key player in the rapidly growing EV market.

The shifting policy direction in the U.S. has presented challenges for players in the clean energy field, including Mullen Automotive. However, the company's strategic initiatives and focus on innovation are expected to help it navigate these challenges and continue its growth trajectory.