Mahindra inks pacts with Israeli firm to develop electric commercial vehicles

Mahindra & Mahindra (M&M) has inked a pact with Tel Aviv-based REE Automotive to explore production of electric commercial vehicles.

M&M has signed a memorandum of understanding (MOU) with the startup to explore development and manufacturing of electric commercial vehicles for global markets.  The partnership will support REE’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including any volumes for Mahindra’s domestic and international markets. The strategic collaboration will leverage REE’s revolutionary electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel.