Mahindra and Israel’s REE Automotive to develop electric CVs for global markets
With this technology partnership, REE will stake its electric vehicle corner module and platform technology that allows integration of powertrain, suspension and steering components.
Mumbai / Tel Aviv- Mahindra & Mahindra Ltd of Mumbai has signed an MoU with Israel's REE Automotive1 to explore development and manufacturing of electric commercial vehicles (ECVs) for global markets.
With this technology partnership, REE will stake its electric vehicle corner module and platform technology that allows integration of powertrain, suspension and steering components in the arch of a vehicle wheel and Mahindra’s contributes its vehicle design, engineering, sourcing capability and manufacturing assets.
Mr. Daniel Barel, co-founder and CEO, REE Automotive said: “We are excited to partner with Mahindra to explore synergies that will allow us to address our customers’ needs based on Mahindra’s footprint and capabilities. Mahindra’s unique cost structure, design and engineering capabilities and volume flexibility will be key to our ability to address the majority of the commercial EV market with both large volume vehicles as well as more targeted mission-specific vehicles. Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale”.
1REE Automotive is a pioneering technology company reinventing e-mobility. REE has developed the next-generation EV platform which is completely flat, scalable and modular providing customers full design freedom to create the broadest range of EVs, and Autonomous vehicles for current and future applications, including last-mile delivery, MaaS, light to medium duty EV logistics and robo- taxis. REE has developed two core innovations -- the REE corner integrates all traditional vehicle components (steering, braking, suspension, e-motor) into the arch of the wheel and the REE board which is a completely flat and modular platform. REE’s approach is cost efficient and offers multiple customer benefits, including vehicle design freedom, package efficiency, increased energy efficiency, faster development time, ADAS compatibility, reduced maintenance and global safety standard compliance. REE is supported by a network of Tier 1 partners providing access to 320 global production lines.
