Ontario-based Magna to build modular EV with Israeli startup REE Agreement would see companies split revenue on vehicles built on REE s skateboard-like electric car platform by Ed Ludlow and Gabrielle Coppola | 56 mins ago
SHARE STORY A visitor looks to a car model with components of the auto parts manufacturer Magna at the 2017 Frankfurt Auto Show Internationale Automobil Ausstellung (IAA) on September 13, 2017 in Frankfurt am Main, Germany. Thomas Lohnes / Getty
Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
Ontario-based Magna to build modular EV with Israeli startup REE
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Ontario-based Magna to build modular EV with Israeli startup REE
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Magna to Build Modular Electric Vehicle With Israeli Startup REE
Ed Ludlow and Gabrielle Coppola, Bloomberg News Electric vehicle charging points at Gridserve s new electric forecourt in Braintree, U.K., on Tuesday, Dec. 15, 2020. The first all-electric auto service station opened in Britain early this month as drivers increasingly avoid cars fueled by gasoline and diesel. Photographer: Chris Ratcliffe/Bloomberg , Bloomberg
(Bloomberg) Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
The companies agreed to jointly design, engineer and build the EVs using REEâs platform, the skateboard-like base that supports different vehicle designs on top. The EVs can be built to the exact specifications of âglobal technology companies and e-mobility playersâ whi