REE Automotive Ltd. (NASDAQ: “REE”) has announced the nomination of American Axle & Manufacturing (AAM) Holdings, Inc. (NYSE: AXL), a leading global Tier 1 automotive supplier, to supply REE with its high-performance electric drive units (EDU).
AAM’s 3-in-1 electric drive technology – which places the electric motor, gearbox and inverter into a single package – will be integrated into REEcorner technology.
AAM’s high-speed, highly integrated 3-in-1 propulsion systems are designed to provide the highest levels of torque and power density.
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 with full volume production expected by 2024.
The initial integration will be for prototype builds for a U.S.-based delivery van program.
REE’s REEcorner – packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel, enabling it to build the industry’s flattest EV platforms with more room for passengers, cargo and batteries.
Daniel Barel, REE Co-Founder and CEO, says: “This supplier nomination is an important step in our production progress as we remain totally focused on execution. With our nomination of AAM, an innovator in electric propulsion systems, we are securing future capacity of EDUs to support our growth and advancing our goal of partnering with leading automotive suppliers to bring the best technology to customers for flexible end-use options. In AAM we have a found a partner with the experience and expertise that will help propel a zero-emissions future in line with our vision.”
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 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, and American Axle & Manufacturing to provide a full turnkey solution.
