Info
Info

REE Automotive Opens New Engineering Center of Excellence in the UK

News
Info

REE Automotive (REE), a leader in e-Mobility, which recently announced its merger with 10X Capital Venture Acquisition Corp., today announces the establishment of a new state-of-the-art Engineering Center of Excellence. The new Engineering Center will expedite REE's strategic plans to meet anticipated global demand for its breakthrough REEcorner and Electric Vehicle (EV) platform technology.

The Engineering Center will spearhead REEcorner and EV platform engineering design, validation, verification and testing, as well as product homologation. REE will also have access to world-class test facilities and a proving ground for physical testing and validation of the REEcorner and EV platform at the MIRA Technology Park in the UK.

REE's unique CapEx-light manufacturing model will utilize globally located integration centers, creating scalable and agile unit economics. REE intends to assemble components at its integration centers, thus reducing Capex requirements, and expects to establish a network of 15 integration centers with the first one set to open in the US in 2021. REE plans to manufacture via a secured and exclusive global network of Tier 1 partners in over 30 countries, with point-of-sale assembly.

Daniel Barel, REE's Co-Founder and CEO: “I am excited to announce another major milestone for REE towards bringing our technology and products to the market as we expand our global footprint. With the recent announcement that we plan to go public via a SPAC through our merger with 10X Capital Venture Acquisition Corp. and funding from long-term strategic investors including Koch Strategic Platforms, Mahindra & Mahindra and Magna International, REE would have sufficient capital to accelerate mass production of REEcorner technology and modular EV platforms. The first REEcorners are expected to be delivered to customers in 2022, with mass production beginning in 2023. This new Engineering Center is a state-of-the-art facility allowing us to accelerate our validation, verification and testing as well as product homologation.”

REE's technology empowers global mobility companies with the flexibility to build electric and autonomous cars, vans and trucks of any size or shape, for any application, and any target market. REE's proprietary REEcorner X-by-wire technology integrates all critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel. This groundbreaking concept, unique to REE, allows a completely flat and modular electric chassis and provides customers with full design freedom to create the broadest range of electric and autonomous vehicles. EVs and AVs built on REEcorner and EV platform technology will offer more room for passengers, cargo, and batteries in a manner unprecedented in the industry. REE's proprietary technology is agnostic to vehicle size and design, power-source and driving mode (human or autonomous).

Lord Grimstone of Boscobel Kt, Minister for Investment at the Department for International Trade: “The UK is the most welcoming location for a pioneering automotive company like REE thanks to our leading position in both CAM and vehicle electrification. The Government's multi-million ‘Driving the Electric Revolution' program, which drives forward new solutions in automotive power electronics, motors and drives, has played a major role in bringing this exciting investment to the UK. I wish the company every success in its new home.”

Mike Charlton, REE's COO, who is responsible for the launch stated, “A key driver in our decision to establish our presence in the UK is the UK government's forward-thinking vision and zero-emissions policy that perfectly aligns with REE's goal of heralding a more sustainable, greener future for our generation and those to come.”

The opening of REE's new Engineering Center at MIRA Technology Park in the UK - Europe's leading mobility R&D location for developing the latest automotive technology - is anticipated to create approximately 200 highly skilled jobs in the next few years.


The Latest News, Brought To You By
REE Automotive Opens New Engineering Center of Excellence in the UK
Modified on Tuesday 16th February 2021
Find all articles related to:
REE Automotive Opens New Engineering Center of Excellence in the UK
TaaS Technology Magazine
Info
Humax To Supply RAiDEA Mobility Service Platform In The Middle East
AVL Advances Development Of Hydrogen Internal Combustion Engine For CO2 Neutral Transportation
Volta Trucks Selects Meritor To Supply The Innovative Electric Drivetrain For The Volta Zero
Cosworth And Delta Sign Agreement For Acquisition
AIR Index Vehicle Emissions Rating System Offers First Realistic, Fully-fledged Alternative To Official Data
Abarth Launches World’s First Virtual Reality Test Drive Delivered To Homes
VivoPower Secures 100% Ownership Of Tembo E-LV B.V.
Ouster Achieves Major Automotive Grade Milestone
Alauda Unveils The World’s First Flying Electric Racing Car
How The Volkswagen ID.4 Communicates With Light
Kia Starts Pilot Of Last-mile Delivery Service In Singapore For Future PBV Business
Forward31 And Lufthansa Innovation Hub Launch Startup Partnership
Niro EV’s Latest Accolade Reinforces The Strength Of Kia’s Electric Vehicle Lineup
Riversimple And Siemens: The Beginning Of A Long-term Strategic Relationship
Kia Unveils Roadmap For Transformation, Focusing On EVs And Mobility Solutions
REE Automotive Opens New Engineering Center Of Excellence In The UK
Plus Commits To Deploy Ouster’s Digital Lidar Sensors
Daimler Plans Separation Into Two Pure-play Companies And Majority Listing Of Daimler Truck To Accelerate Into Zero- Emissions And Software-driven Future
Hyundai Motor Group Unveils TIGER Uncrewed Ultimate Mobility Vehicle Concept
Faurecia And Immersion Partner For Haptic Automotive Technologies
Targa Telematics Supports Leasys Miles In The UK
Trimble Teams With ROBORACE
Ford Raises Planned Investment In EV, AV Leadership To $29 Billion
Mazda First OEM To Join The EFuel Alliance
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event