Hino Motors and REE Automotive Sign Business Alliance Agreement
May 03, 2021 12:04 PM ET Legal Newswire POWERED BY LAW.COM
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 mo
Germany
Japan
Tokyo
United-states
United-kingdom
Israel
Tel-aviv
Yoshio-shimo
Keren-shemesh
Makoto-iijima
Hino-motors-co-ltd
Corporate-communications-group
By JNS
The Israeli startup REE Automotive and Toyota subsidiary Hino Motors Co. announced on Tuesday their partnership to develop electric commercial vehicles to transport people and goods.
The companies said the signing of their business agreement shows their shared vision of “providing new value to society through next-generation commercial mobility” that is geared to “improve quality of life on a global scale by lowering carbon emissions, minimizing strain on infrastructure, reducing congestion and allowing companies to better allocate resources.”
The two companies provide vast expertise that will help their partnership: Hino obtains knowledge and technologies as a commercial vehicle manufacturer, and REE has developed innovative and highly competitive proprietary REEcornerTM EV (electric vehicle) technologies.
Israel
Israeli
Yoshio-shimo
Hino-motors-co
Toyota
Mobility-service-module
Hino-motors
Daniel-barel
Inside-israel
Source-jns
இஸ்ரேல்
இஸ்ரேலி