REE Announces Strategic Agreement With Motherson, Raises $45M
REEREE Automotive .(REE) ZACKS·2024-09-18 00:35

REE Automotive Ltd. (REE) , a commercial EV developer and manufacturer, and Motherson Group, a manufacturer of automotive components, have announced a strategic agreement. Under this contract, Motherson will handle the sourcing and supply chain management for production parts and assist REE in assembling REEcorner and REE P7 electric trucks, the first fully by-wire, software-driven medium-duty electric trucks, on the market. Additionally, Motherson will nominate a director to join REE’s board.In conjunction ...