Mahindra, REE Automotive sign deal to develop electric CVs for global markets

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 support REE’s global customer need for 2 lakh to 2.5 lakh electric commercial vehicle units over a few years. While REE’s architecture will enhance Mahindra’s capabilities in the electric vehicle sector, the e-mobility firm will leverage the automaker’s global presence, volume flexibility capability, and 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,” REE Co-founder and Chief Executive Officer Daniel Barel said.

“Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale,” Barel added.

REE claims that its 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. Besides, the scalability of the platform makes it ideal for any form of electric vehicle, including commercial vehicle, mid-duty delivery truck, passenger cars, taxis and shuttles.

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