Modular Electric Vehicles

REE Automotive has signed a strategic collaboration agreement with Magna International. Team ACI looks at the strategy aimed at introducing modular electric vehicles in the market.

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REE Automotive Ltd. (REE), known for e-mobility innovations recently announced a strategic collaboration agreement with Magna International Inc., a mobility technology company. The collaboration is aimed at bringing to the market innovative, full-fledged Modular Electric Vehicles (MEVs) for the universe of technology companies and new emobility players under the ‘Powered by REE’ brand. The strategic collaboration is known to explore the combination of REE’s promising REEcornerTM technology with Magna’s vehicle systems integration expertise and state-of-the-art manufacturing capabilities. It aspires to develop MEVs that enable commercial customers to customise vehicles based on their required specifications and with complete branding with an accelerated time to market. As mentioned by Daniel Barel, REE Co-Founder and Chief Executive Officer in the company release, the company is thrilled to reach a collaborati