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