Strategy update at Volkswagen: “The transformation to electromobility was only the beginning”

More

Porsche Taycan Cross Turismo unveiled; priced at $92,250 [video]

More

Hyundai SANTA FE Plug-in Hybrid priced at £45,715 in the UK

More

Volvo C40 Recharge expands Volvo’s all-electric lineup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Mahindra and REE Automotive Sign an MOU to Establish a Strategic Collaboration for the Development of Electric Commercial Vehicles

Mahindra & Mahindra, part of the Mahindra Group, and REE Automotive have signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for global markets.

Such a strategic collaboration will leverage REE’s revolutionary electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel. This coupled with Mahindra’s well-established vehicle design, engineering, sourcing capability and manufacturing assets, is set to be 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 market.

“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. “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.”

REE’s architecture will enhance Mahindra’s capabilities in the electric vehicle sector. REE will leverage Mahindra’s global presence and its unique volume flexibility capability as well as its engineering and product development expertise.

“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,” said Daniel Barel, REE Co-founder and Chief Executive Officer. “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.

Aug 27, 2020Blagojce Krivevski
Chevrolet teases refreshed Bolt EV and new Bolt EUVXPeng Motors Announces Pricing of Initial Public Offering
You Might Also Like
 
Mahindra Reva Opens Electric Vehicle Plant in Bangalore
 
REE Automotive hits the track with three fully modular, next-generation EV platforms
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

August 27, 2020 Electric Car NewsMahindra, REE, REE Automotive
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
GMC Hummer EV SUV to be revealed on April 3
March 8, 2021
Skoda Enyaq iV on sale in the UK from £31,085
March 8, 2021
XPeng Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 8, 2021
Porsche invests additional €70M in Rimac Automobili
March 8, 2021
2021 BYD Tang – high level spec revealed for Norwegian market
March 8, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
GMC Hummer EV SUV to be revealed on April 3
March 8, 2021
Skoda Enyaq iV on sale in the UK from £31,085
March 8, 2021
XPeng Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 8, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.