Hino Motors and REE Automotive Sign Business Alliance Agreement
May 03, 2021 12:04 PM ET
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To realize and bring to market their shared vision of "providing new value to society through next-generation commercial mobility"
The Alliance to combine Hino's knowledge and technologies as a commercial vehicle manufacturer closely attuned to customer needs with REE's innovative and highly competitive proprietary REEcorner™ EV technologies
Assess business models for the co-creation of next generation electric mobility solutions to enhance new social value, promoting the use of mobility-driven data
Companies aim to develop hardware prototypes by 2022
Hino Motors Co., Ltd. (Hino), a subsidiary of Toyota Motor Corporation, and REE Automotive Ltd. (REE), an innovator in e-mobility, today announced the signing of a strategic business alliance agreement to realize their shared vision of "providing new value to society through next-generation commercial mobility."