By Michael Elkins

Mullen Automotive Inc (NASDAQ:) shares jumped 41% in early trading Tuesday as the company announced impressive test results of its solid-state polymer battery out of the Battery Innovation Center (BIC) in Indiana. BIC demonstrated the solid-state plastic cell, rated 300 Ah and 3.7 volts and tested at 343.28 Ah and 4.2 volts. This exceeded expectations and was in accordance with previous EV Grid test results.

“I’m impressed with the ongoing performance of the solid-state cell after going thru multiple intense testing sessions from accredited testing facilities,” said David Michery, CEO and chairman of Mullen Automotive. “The battery has performed exceptionally well, and I’m pleased with the results from BIC in Indiana.”

“We are pleased to see that the results from on-going testing are in-line with those previously notated,” said Ben Wrightsman, president and CEO of Battery Innovation Center. “The cell thus far has performed as stated, and we will continue to test additional parameters to characterize the overall capabilities and performance.”

The technology can be scaled up to the level of the vehicle packs and a 150-kilowatt-hour solid-state battery will provide over 600-miles on a single charge.