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
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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.