REE Automotive (REE), which recently announced its merger with 10X Capital Venture Acquisition, has announced the establishment of a new Engineering Centre of Excellence in the UK.
The new Centre will expedite REE’s plans to meet anticipated global demand for its REEcorner and EV platform technology.
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The Engineering Centre will spearhead REEcorner and EV platform engineering design, validation, verification and testing, as well as product homologation. REE will also have access to 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 manufacturing model will use globally located integration centres. REE intends to assemble components at its integration centres and expects to establish a network of 15 such centres with the first one due to open in the US in 2021.
REE plans to manufacture via a secured global network of Tier 1 partners in more than 30 countries, with point-of-sale assembly.
“With the recent announcement we plan to go public via a SPAC through our merger with 10X Capital Venture Acquisition 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,” said REE co-founder and CEO, Daniel Barel.
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By GlobalData“The first REEcorners are expected to be delivered to customers in 2022, with mass production beginning in 2023. This new Engineering Centre is a facility allowing us to accelerate our validation, verification and testing as well as product homologation.”
REE says its technology allows 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 REEcorner X-by-wire technology integrates all critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel.
The concept provides for a completely flat and modular electric chassis and allows customers to create a range of electric and autonomous vehicles. REE’s technology is agnostic to vehicle size and design, power-source and driving mode (human or autonomous).
The opening of REE’s new Engineering Centreat MIRA Technology Park in the UK is anticipated to create around 200 jobs in the next few years.
