Samvardhana Motherson to acquire 11% stake in REE Automotive for $15M

Samvardhana Motherson International Ltd, via its subsidiary MSSL Consolidated Inc, will acquire an 11% stake in Israel's REE Automotive Ltd for up to $15 million. The companies will collaborate on manufacturing REE's 'REEcorner' technology for commercial electric vehicles.

“Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel's REE Automotive Ltd for up to USD 15 million.”economictimes.indiatimes.com

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• economictimes.indiatimes.comSamvardhana Motherson Intl to acquire 11% stake in Israel's REE Automotive for $15 mnSep 16, 2024

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