A new state-of-the-art Engineering Center of Excellence has opened in the UK, which will help propel mobility and electrification technology design and development.
Established by REE Automotive, a mobility technology company that has innovated a modular electric vehicle platform and all-in-one drive system called the REEcorner, the center will help the company prepare for mass production of its products.
The facility will provide a place to expedite engineering design, validation, verification and testing, as well as product homologation. REE plans a US$92m investment during the next three years in the new Engineering Center and the region with the company announcing the “anticipated creation of around 200 highly skilled jobs in the next few years”. REE will also have access to world-class test facilities and a proving ground for physical testing and validation of the REEcorner and EV platform at the MIRA Technology Park in the UK.
Daniel Barel, REE’s Co-Founder and CEO said: “I am excited to announce another major milestone for REE towards bringing our technology and products to the market as we expand our global footprint. With the recent announcement that we plan to go public via a SPAC through our merger with 10X Capital Venture Acquisition Corp. and funding from long-term strategic investors including Koch Strategic Platforms, Mahindra & Mahindra and Magna International, REE would have sufficient capital to accelerate mass production of REEcorner technology and modular EV platforms. The first REEcorners are expected to be delivered to customers in 2022, with mass production beginning in 2023. This new Engineering Center is a state-of-the-art facility allowing us to accelerate our validation, verification and testing as well as product homologation.”
REE’s technology provides the flexibility to build electric and autonomous cars, vans and trucks of any size or shape, for any application, and any target market. REE’s proprietary REEcorner X-by-wire technology integrates all critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel. This allows a completely flat and modular electric chassis and provides customers with full design freedom to create the broadest range of electric and autonomous vehicles. EVs and AVs built on REEcorner and EV platform technology is designed to offer more room for passengers, cargo, and batteries.