India’s Mahindra & Mahindra and REE Automotive have signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for global markets.
The 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.
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.
Rajesh Jejurikar, Executive Director (Auto and Farm Sectors), Mahindra & Mahindra, says: “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.”
Daniel Barel, REE Co-founder and Chief Executive Officer, adds: “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.”
Israel-based 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 EV, and Autonomous vehicles for current and future applications, including last mile delivery.