REE Automotive (REE) has released an update.
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REE Automotive has announced a strategic global manufacturing agreement with Motherson Group, one of the world’s leading automotive suppliers, to accelerate the production of REE’s innovative electric trucks and platforms. The partnership is supported by a $45.35 million investment round led by M&G Investment, with significant contributions from Motherson and Varana Capital. This collaboration is expected to significantly boost REE’s market presence by leveraging Motherson’s manufacturing expertise and supply chain management to meet the surging demand for electrified commercial vehicles.
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