Mahindra & Mahindra has signed an MoU with Israel's REE Automotive to explore development and manufacturing of electric commercial vehicles (ECVs) for global markets.
As per the strategic collaboration, Mahindra will leverage REE’s electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel. Mahindra will utilise its well-established vehicle design, engineering, sourcing capability and manufacturing assets, that will enable a win-win strategic partnership for both companies.
The partnership will support REE’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including potential Mahindra’s domestic and international volumes. Production would be scaled further to support additional volume in the global as well as Indian markets.
Rajesh Jejurikar, executive director – Auto and Farm sector, Mahindra & Mahindra said: “Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalising on our respective strengths. The competitive advantages of REE’s corner modular architecture with our experience in conventional vehicle system design, engineering, sourcing ecosystem and significant production capacity, provides a perfect match to deliver exciting zero emission vehicles, including autonomous vehicles, that can meet customer needs as never before.”
The partners state that REE’s architecture will enhance Mahindra’s capabilities in the EV sector. REE will leverage Mahindra’s global presence and its unique volume flexibility capability as well as its engineering and product development expertise.
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”.
REE’s transformational technology is designed for current and future e-mobility applications, including autonomous vehicles, and offers significant benefits in terms of weight, space and total body design flexibility. The scalability of the platform makes it ideal for any form of electric vehicle such as commercial vehicles, mid-duty delivery trucks, last-mile delivery, passenger cars, taxis and shuttles.
Next-gen EV modular platform
REE 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 REEcorner integrates all traditional vehicle components (steering, braking, suspension, e-motor) into the arch of the wheel and the REEboard 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.