DETROIT, Nov. 5, 2021 /PRNewswire/ -- American Axle &
Manufacturing Holdings, Inc. (NYSE: AXL) today announced it has
secured an agreement with e-mobility leader REE Automotive Ltd.
(NASDAQ: REE) to supply high-performance electric drive units
(EDU) in a modular platform that can support multiple customer
vehicle programs. The business award features AAM's award-winning,
next generation 3-in-1 electric drive technology, which integrates
the electric motor, gearbox and inverter into a single, compact
package. This highly engineered EDU weighs 25 percent less than
other units without sacrificing any power or performance. The
system's peak torque reaches 3,250 Nm.
Earlier this year, AAM and REE announced plans to jointly
develop a new electric propulsion system that incorporates AAM's
EDU into REE's highly modular and disruptive REEcornerTM
technology that enables a fully flat EV chassis for multiple
commercial vehicle applications. The REEcornerTM
integrates critical vehicle components (steering, braking,
suspension, powertrain and control) into the area between the
chassis and the wheel to deliver significant functional and
"This is the first contract that leverages AAM and REE's jointly
developed technology," said David C.
Dauch, AAM Chairman and CEO. "AAM continues to grow our
electric propulsion business with strategic opportunities in new
markets and with new customers like REE. We are excited about this
fast-growing segment and continue to remain focused on accelerating
additional global opportunities."
The electric drive units will be developed at AAM's Advanced
Technology and Development Center in Detroit with delivery of prototypes planned by
the end of 2021 and full-volume production expected by
AAM (NYSE: AXL) delivers POWER that moves
the world. As a leading global Tier 1 automotive supplier, AAM
designs, engineers and manufactures driveline and metal forming
technologies that are making the next generation of vehicles
smarter, lighter, safer and more efficient. Headquartered in
Detroit, AAM has approximately
20,000 associates operating at nearly 80 facilities in 17 countries
to support our customers on global and regional platforms with a
focus on quality, operational excellence and technology leadership.
To learn more, visit www.aam.com.
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 utilizes x-by-wire technology to control each of the
corners of the vehicles with full drive-by-wire, brake-by-wire and
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, American Axle & Manufacturing and JB Poindexter
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.
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SOURCE American Axle & Manufacturing Holdings, Inc.