REE Automotive opens new engineering centre in the UK

Electric mobility company REE Automotive has announced its new state-of-the-art Engineering Centre of Excellence  will be in the UK.

The new Engineering Centre will deliver REE’s plans to meet global demand for its REEcorner and Electric Vehicle (EV) platform technology and is anticipated to create approximately 200 highly skilled jobs in the next few years.

The Engineering Centre will spearhead REEcorner and EV platform engineering design, validation, verification and testing, as well as product homologation. REE will also have access to 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.

REE’s CapEx-light manufacturing model will utilise globally located integration centres, creating scalable and agile unit economics. REE intends to assemble components at its integration centres, reducing Capex requirements, and expects to establish a network of 15 integration centers with the first one set to open in the US in 2021. REE plans to manufacture via a secured and exclusive global network of Tier 1 partners in over 30 countries, with point-of-sale assembly.

Daniel Barel, REE's Co-Founder and CEO: "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 proprietary REEcorner X-by-wire technology integrates all critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel. This groundbreaking concept, unique to REE, 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 will offer more room for passengers, cargo, and batteries in a manner unprecedented in the industry. REE’s proprietary technology is agnostic to vehicle size and design, power-source and driving mode (human or autonomous).

REE plans a $92 million dollar investment during the next three years in the new Engineering Centre and the region.