Hino Motors to Join REE Automotive With Platform Display at CES 2022
December 09 2021 - 8:00AM
- REE Automotive Ltd. (NASDAQ: REE) and
Hino Motors (TYO:7205) expand their shared vision on future
electric mobility to data-as-a-service and charging infrastructure
solutions development
- Companies on track for hardware
prototypes by FY2022
- Concept model of Hino and REE’s
joint EV platform, the FlatFormer, makes U.S. debut on display in
REE’s booth at CES in Las Vegas Jan. 5-8
- The companies’ joint exhibit at CES
reinforces the strength of Hino and REE’s enduring partnership
- REE and Hino teams will be available
together for business meetings and media interviews
- REE and Hino are working together to
bring to market their shared vision of providing new value to
society through next-generation commercial mobility.
- Through their joint business
alliance, the companies plan to bring to market their solution
through the ideal next-generation commercial vehicles, with
additional prototype development underway.
Business and Media ContactCaroline
HutchesonHead of Communications, REE Automotive+1
252.314.2028media@ree.auto
About Hino Motors
Hino Motors, Ltd. is a Toyota Group company selling trucks and
buses in more than 80 countries in 2020. Number of employees totals
35,000 globally and produces vehicles in over 20 countries
including the 4 major plants in Japan. Hino slogan is “Trucks and
buses that do more”. To put “Trucks and buses that do more” into
practice, Hino will provide “appropriate products with safety and
environment technologies”, “ultimately customized total support for
customers”, and “challenge new fields”.
About REE Automotive
REE (Nasdaq: REE) is an automotive technology leader whose
mission is to empower companies to build any size or shape of
electric or autonomous vehicle – from Class 1 through Class 6 – for
any application and any target market. REE aims to serve as the
underpinning on top of which EVs and AVs will be built and
envisions a future where EVs and AVs will be ‘Powered by REE’.
REE’s revolutionary technology – the REEcorner™ – packs critical
vehicle components (steering, braking, suspension, powertrain and
control) into a single compact module positioned between the
chassis and the wheel, enabling REE to build the industry’s
flattest EV platforms with more room for passengers, cargo and
batteries. REE uses x-by-wire technology to control each of the
corners of the vehicles with full drive-by-wire, brake-by-wire and
steer-by-wire.
REE’s EV platforms afford complete freedom of design, enabling
auto-manufacturers, OEMs, delivery & logistic fleets,
Mobility-as-a-Service providers and new mobility players to design
mission-specific EVs and AVs based on their exact business
requirements and significantly reduce their time-to-market, lower
TCO and meet zero-carbon regulations.
Headquartered in Herzliya, Israel, REE has an Engineering Center
in the UK, as well as subsidiaries worldwide including Japan and
Germany, and plans to open its U.S. headquarters and first
Integration Center in Austin, Texas. REE’s unique CapEx-light
manufacturing model leverages Tier-1 partners’ existing production
lines; the company’s extensive partner ecosystem encompasses
leading names including Hino Motors (truck arm of Toyota), Magna
International, JB Poindexter, Navya and American Axle &
Manufacturing to provide a full turnkey solution.
REE’s patented technology, together with its unique value
proposition, position it to break new ground in e-Mobility. For
more information visit https://www.ree.auto.
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/41195aa9-b7e2-4e11-bc98-eeb8b858a395
https://www.globenewswire.com/NewsRoom/AttachmentNg/9f8d298a-d6c2-431a-bfc4-236186fb17c1
https://www.globenewswire.com/NewsRoom/AttachmentNg/5cbed9ed-ebcd-4b8f-a909-4f3463bcf668
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