To offer innovative and full-fledged Modular Electric Vehicles (MEVs) for tech companies and new electric mobility players, REE Automotive has established a strategic collaboration with mobility technology company Magna International.
Under this arrangement, the company will offer MEVs under the ‘Powered by REE’ brand. The strategic collaboration will explore the combination of the company’s REEcorner technology with Magna’s vehicle systems integration expertise and world-class manufacturing capabilities to develop MEVs. This initiative will enable commercial customers to customise vehicles based on their specifications and branding while accelerating time to market.
REE and Magna will also explore potential collaboration in global mobility through the creation of a “Mobility-as-a-Service” (MaaS) venture in the Light Commercial Vehicle (LCV) sector that leverages REE’s proprietary X-by-Wire REEcorner and EV platform technology as well as Magna’s industrial footprint and capabilities.
The cornerstone of the collaboration is REEcorner technology which integrates critical vehicle components into an area between the chassis and the wheel – the ‘corners’ – creating a single compact module where REE’s proprietary X-by-Wire control technology controls each corner. This results in the only fully-flat “skateboard” EV platform offering unprecedented space and interior room for passengers, cargo, and batteries.
MEVs utilising REEcorner will have full flexibility to custom-tailor EVs based on a selection of EV platform size, preferred length, width and vehicle height, payload capacities, drive and steering based on REE’s X-by-Wire technology (all-wheel, front and rear), battery capacity and power source (battery or fuel cell).
Daniel Barel, REE Co-Founder & CEO, said, “We see a growing demand for highly modular EVs from leading tech companies and new electric mobility players who have set their sights on entering the EV realm and building a brand in automotive. REE and Magna working together under the ‘Powered by REE’ approach can help bring their vision to life.”
Eric Wilds, Chief Sales & Marketing Officer, Magna, said, “The evolving mobility landscape is opening new business model opportunities for Magna with our systems capability and unique ability to design, engineer and assemble vehicles. We are excited about our collaboration with REE and our ability to offer another capability to support potential new customers and Mobility-as-a-Service.”
NB: Photo is representational.