Mahindra & Mahindra in EV pact with REE Automotive

Mahindra & Mahindra

Mahindra & Mahindra, a part of $19.4 billion Mahindra Group, and REE Automotive signed an agreement to explore development and manufacturing of electric commercial vehicles for global markets.

Mahindra & Mahindra aims to utilize REE’s electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel.

The partnership will support REE’s customer need for 200,000-250,000 electric commercial vehicle units over a few years, including potential Mahindra’s domestic and international volumes. Production would be scaled further to support additional volume in the global as well as Indian market.

REE’s architecture will enhance Mahindra’s capabilities in the electric vehicle sector. REE will leverage Mahindra’s global presence and its volume flexibility capability as well as its engineering and product development expertise.