Aug 27, 2020
Mahindra signs MoU with Israeli Firm – REE Automotive to Develop Electric Commercial Vehicles
Mahindra & Mahindra(M&M), a Mumbai based company (a part of Mahindra Group) signed a Memorandum of Understanding(MoU) with REE Automotive, a Tel-Aviv, Israel based startup firm to explore development and manufacturing of electric commercial vehicles for the global market.
The corner modular architecture of REE integrated with the design, engineering, sourcing, ecosystem, and production capacity of Mahindra will provide zero-emission vehicles, including autonomous vehicles.
This will improve the Mahindra's capabilities in the Electric Vehicle(EV) sector.