 "Mahindra")
Mahindra & Mahindra (M&M) on Wednesday said it has inked a pact with Tel Aviv-based REE Automotive to explore production of electric commercial vehicles.
The Mumbai-based firm has signed a memorandum of understanding (MOU) with the start-up to explore development and manufacturing of electric commercial vehicles for global markets, M&M said in a statement.
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, it added.
This, coupled with Mahindra's well-established vehicle design, engineering, sourcing capability and manufacturing assets, is set to be a win-win
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