Mahindra and Mahindra today signed a memorandum of understanding (MOU) with Israel-based e-mobility firm REE Automotive for developing and manufacturing electric commercial vehicles for global markets. The partnership will leverage Mahindra’s vehicle design, engineering, sourcing capability and manufacturing assets, and REE’s electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel.
“Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalizing on our respective strengths,” Mahindra and Mahindra Executive Director (Auto and Farm Sectors) Rajesh Jejurikar said.
“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,” Jejurikar added.
According to an official statement, the partnership will