Hitachi America, Ltd. and Israel-based REE Automotive (NASDAQ: REE, “REE”) have announced a strategic agreement to accelerate the adoption of electric vehicles (EVs), including delivering commercial vehicle charging infrastructure and energy management. The partnership will co-create a Data-as-a-Service (DaaS) and Analytics-as-a-Service (AaaS) platform, which will enable next-generation connected commercial EVs.
Leveraging Hitachi’s Lumada data platform and REE’s platform modularity, the companies aim to bring to market a modular, smart EV solution to serve all segments, including delivery, logistics, and mobility-as-a-service.
REE’s key 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.
Hicham Abdessamad, Chairman and CEO, Hitachi America, Ltd. says: “We are excited to partner with REE to help accelerate the transition to EVs globally. Hitachi is deeply committed to sustainability, and with our long history of innovation in energy, mobility, manufacturing and digital, together with REE’s transformative, innovative approach to EV and autonomous vehicles (AV), we are well positioned to accelerate and ease the transition to zero-emission commercial vehicles at scale, a mission that we both share.”
REE Co-founder and CEO, Daniel Barel, adds: “This alliance with Hitachi comes at an ideal time for REE as we value their best-in-class innovation and experience in data science and analytics, enabling us to provide a complete solution to our customers. With Hitachi’s innovation and invaluable expertise in EV and digital technologies, REE is primed to build on our early leadership position as the leading e-Mobility platform across the globe. In addition, Hitachi is a well-known and respected player in the automotive, energy and digital industry which can drive customer orders, and we are looking forward to benefiting from their extensive sales network and relationships.”
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.