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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.

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