REE Automotive

American Axle & Manufacturing secured an agreement with REE Automotive to supply high-performance electric drive units for a modular platform. Prototypes are due by end of 2021, with full-volume production expected by 2024.

REE Automotive has selected American Axle & Manufacturing (AAM) to supply high-performance electric drive units for integration into REEcorner technology, with prototype delivery by end of 2021 and volume production expected by 2024.

REE Automotive announced a strategic collaboration with EAVX, a business unit of JB Poindexter & Co, to develop commercial electric vehicles integrating REEcorner technology and JBPCO commercial vehicle bodies. The companies will initially develop a modular walk-in van for the North American last-mile delivery market, with prototypes targeted by Q1 2022 and production targeted for 2024.

American Axle & Manufacturing and REE Automotive agreed to jointly develop a new electric propulsion system for e-mobility, leveraging AAM's electric drive units and REE's REEcorner technology, with prototypes planned by end of 2021.

American Axle & Manufacturing and REE Automotive will jointly develop an electric propulsion system incorporating American Axle's electric drive units into REE's wheel-arch technology.

REE Automotive entered into a merger agreement with 10X Capital Venture Acquisition Corp to list on Nasdaq under ticker 'REE'. The transaction is expected to provide over $500 million in gross proceeds, including a $300 million PIPE from strategic investors.

REE Automotive and American Axle & Manufacturing have agreed to jointly develop a new electric propulsion system for e-Mobility, leveraging AAM's electric drive units and REE's REEcorner technology. Prototypes are planned by the end of 2021.