Mahindra and REE Automotive Sign an MOU to Establish a Strategic Collaboration for the Development of Electric Commercial Vehicles

Partnership to leverage REE’s corner module and modular platform technology and Mahindra’s vehicle design, engineering, sourcing capability and manufacturing assets. MOU is primarily aimed at global markets with current global volume estimated over time at 200,000-250,000 units. Mumbai/Tel Aviv, 26th August 2020 – Mahindra & Mahindra, part of USD 19.4 billion Mahindra Group, and REE Automotive today signed a memorandum of understanding (MOU) to explore development and manu