Bollinger Innovations, Inc. released its financial results for the three and nine months ended June 30, 2025.
The company showed a net loss attributable to common shareholders of $291.8 million for the nine months ending June 30, 2025.
Key highlights include strategic manufacturing moves and pricing adjustments on commercial electric vehicles.
Strategic Manufacturing Move
Bollinger B4 manufacturing moved from Roush Industries in Michigan to Company-owned plant in Tunica, Miss, reducing operational costs.
Pricing Adjustments
Initiated a $7,500 pricing adjustment on Class 1 and Class 3 commercial EVs, combinable with a $7,500 federal tax credit.
Ownership Consolidation
Acquired an additional 21% of Bollinger Motors, establishing 95% ownership and regaining full control.
- The move to consolidate manufacturing operations aims to streamline processes and reduce costs.
- Price adjustments on commercial EVs could incentivize more sales and support the transition to electric vehicles.
Despite the financial loss, Bollinger Innovations, Inc. remains focused on optimizing operations and enhancing its position in the commercial EV market.