Mahindra & Mahindra declared their inked pact with Tel Aviv-based REE Automotive to inspect the production of electric commercial vehicles. This Mumbai-based firm has penned an MOU with the start-up to scout manufacturing & development of commercial EVs for global markets. The prudent partnership will support REE’s revolutionary EV corner platform & module technology of merging steering components, suspension & powertrain in the dome of a vehicle wheel.
REE combined with Mahindra’s deep-rooted vehicle manufacturing assets, sourcing capability, engineering & design, is set to watch this strategic partnership do wonder for both companies.
The association will brace REE’s global customer need for up to 250,000 commercial EV units over a few years. This also involves any volumes for Mahindra’s international & domestic markets.
Mahindra’s alliance with REE has the prospective to bring an unruly approach to a modern era of vehicles, taking advantage of our specific strengths,“ the Executive Director at M&M, Mr. Rajesh Jejurikar.
The cut-throat advantages of M&M’s experience in outstanding production capacity, sourcing ecosystem, engineering & conventional vehicle system design, with REE’s corner modular architecture, offer an ideal match to carry out zero-emission vehicles, together with autonomous vehicles.
Daniel Barel, the CEO & Co-founder at REE said “Mahindra’s volume flexibility, engineering capabilities, quirky design & cost structure will be the cue to the company’s aptness to address the majority of the commercial EV market with targeted mission-specific vehicles & large-volume vehicles.”
The adaptability of the platform makes it complete for any type of an EV such as shuttles, taxis, passenger cars, last-mile delivery, mid-duty delivery trucks & commercial vehicles. Mahindra & Mahindra, a segment of USD 19.4 billion Mahindra Group, has a bright future ahead at bringing a change to the EV culture in India.
Barel believes, “Having a partner like Mahindra joining our growing OEM partner’s network will allow us to drive our EV technology faster and at scale.”
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
SUBSCRIBE TO OUR NEWSLETTER.