Mahindra & Mahindra, part of India’s $19.4 billion Mahindra Group, and REE Automotive have signed a memorandum of understanding to jointly develop and manufacture electric commercial vehicles for global markets.
The collaboration will leverage REE’s electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel, along with Mahindra’s vehicle design, engineering, sourcing and manufacturing capabilities.
The partnership will support REE’s global customer demand for 200,000-250,000 electric commercial vehicle units over a few years, including potential domestic and international volumes for Mahindra. Production would be scaled further to support additional volume in the global as well as Indian market.
“Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalizing on our respective strengths,” said Rajesh Jejurikar, Executive Director (Auto and Farm Sectors), Mahindra & Mahindra. “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.”
REE says its 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. The scalability of the platform makes it ideal for any form of electric vehicle such as commercial vehicles, mid-duty delivery trucks, last mile delivery, passenger cars, taxis and shuttles.
“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,” said Daniel Barel, REE Co-founder and Chief Executive Officer. “Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale”.