Mullen, and the plant passes to GEM

2022 – 2025

The purchase: On 30 November 2022 Mullen Automotive acquired the ELMS assets out of the liquidation — the Mishawaka factory, the intellectual property, and the inventory — for $105 million in cash, and announced the plant as a fit for its Mullen FIVE and Bollinger programs. Mullen's volume production, when it came, ran at its Tunica, Mississippi plant from August 2023; the record pulled for this section documents announced plans for Mishawaka, not production there, and none is claimed.

The transfer to GEM: The Mishawaka chapter of the Mullen story ended in a courtroom settlement. On 10 June 2025 Mullen and the GEM Group announced a finalized settlement of their disputes: Mullen transferred full, unencumbered ownership of the Mishawaka manufacturing facility — addressed in the settlement release at 12900 McKinley Highway — to GEM Yield Bahamas Limited and GEM Global Yield LLC SCS, satisfying a federal court judgment in GEM's favor. Mullen's own release described the facility as approximately 780,000 square feet of production space on nearly 58 acres — a fourth figure for the building's size, printed as the release's — and described it as "originally constructed and operated by General Motors for Hummer H2 production and later owned by AM General," a loose sentence this section corrects from the record above: the plant was constructed by AM General under the 1999 GM agreements and operated by AM General throughout the H2's life. On 28 July 2025 Mullen renamed itself Bollinger Innovations. The former H2 plant's state since the GEM transfer — its occupancy and any production — is not documented in the record pulled for this section, and stands as a named gap with its settling sources in the pass note.

Sources:

1. Mullen Automotive announcements, November–December 2022 — the ELMS asset acquisition at $105 million cash, the Mishawaka factory included, the FIVE and Bollinger plans.
2. Mullen Automotive / GEM Group settlement release (GlobeNewswire), 10 June 2025 — the transfer of the 12900 McKinley Highway facility to GEM, the federal-judgment satisfaction, the 780,000-square-foot and 58-acre description.
3. Company record, July 2025 — the renaming to Bollinger Innovations, 28 July 2025.