Israel based REE Automotive’s platform ‘REEcorner’ integrates all traditional vehicle components (steering, braking, suspension, e-motor) into the arch of the wheel. MOU is primarily aimed at global markets with current global volume estimated over time at 200,000- 250,000 units.
Mumbai/Tel Aviv, 26th August 2020 – Mahindra & Mahindra, part of USD 19.4 billion Mahindra Group, and REE Automotive signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for global markets.
REE has developed a unique EV platform which is completely flat, scalable and modular providing full design freedom to create the broadest range of EV, and Autonomous vehicles for current and future applications, including last mile delivery, MaaS, light to medium duty EV logistics and robo taxis. The technology offers significant benefits in terms of weight, space and total body design flexibility.
The strategic collaboration will leverage REE’s electric vehicle corner module and platform technology. Mahindra brings its established competence in vehicle design, engineering, sourcing capability and manufacturing assets to the table.
“Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalizing on our respective strengths,” said Rajesh Jejurikar, Executive Director (Auto and Farm Sectors), Mahindra & Mahindra.
Daniel Barel, REE Co-founder and Chief Executive Officer said, “Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale”.