Israel’s REE Automotive working on more collaborations following Mahindra EV deal

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TEL AVIV (Reuters) – Israel’s REE Automotive, developer of a rolling chassis for electric vehicles, expects to sign more collaboration deals in coming months following its agreement with Indian carmaker Mahindra and Mahindra.

REE and Mahindra signed a memorandum of understanding last month to explore joint development of electric commercial vehicles.

“We are signing collaboration agreements with a majority of the market,” CEO Daniel Barel told Reuters. “One shouldn’t be surprised if other announcements are made in the next few weeks.”

REE aims to have its platform in use in the fourth quarter of 2021, Barel said, but would not disclose for what application.

The platform, which also supports self-driving vehicles, integrates an electric motor, steering and braking components and a small computer into the wheel. The company says this enables cheaper and easier maintenance, and quick over-the-air software updates.

The flat chassis leaves more space for the battery and

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Montgomery family gifts late son’s car to U.S. Army veteran

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One family’s loss has turned into a blessing in disguise for a Montgomery County military veteran who has been gifted a car to help steer his life in a new direction.

“I was an hour from going and buying a car and I couldn’t afford it,” said U.S. Army veteran Nick Moffitt, 34, of Pinehurst. “I had to start over, I lost everything, but in this process, I found me. I am forever grateful for the family; you guys have helped me out in more ways than you know.”

Moffitt addressed Mark and Linda Asteris of Montgomery, who sat in the Honor Café in Conroe on Saturday morning. The couple shared the 2018 Honda Accord presented to Moffitt about two weeks ago belonged to their late son, Paul Asteris.

The family said their late son had just turned 50 when he passed away unexpectedly on May 27. They described him

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San Antonio’s World Heritage Festival to continue, virtually, despite pandemic

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San Antonio’s annual World Heritage festival launched Tuesday despite the pandemic with a series of in-person and virtual activities through Sunday to celebrate the city’s five historic mission sites.

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Auto Driving Vehicles Market Global Outlook 2020 : Bosch, Delphi, Denso, Continental AG, Google

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The MarketWatch News Department was not involved in the creation of this content.

Sep 12, 2020 (Market Insight Reports) —
Global Auto Driving Vehicles Market research report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product Types, and end industries. This report analyzes top players in the global market and divides the Market into several parameters.

This Auto Driving Vehicles Market research report identifies the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for the years from 2020 to 2025. This research report has been aggregated based on static and dynamic aspects of the businesses.

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The prominent players in the Global Auto Driving Vehicles Market:

Ford Motor Company, Bosch, Delphi, BMW, Volvo, Volkswagen, General Motors, Mercedes

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