Core Viewpoint - REE Automotive Ltd. has announced a strategic non-binding Memorandum of Understanding (MOU) with Cascadia Motion to collaborate on the development and commercialization of a next-generation electric drive unit (EDU) that integrates REEcorner technology, aimed at supporting global OEM electrification programs [1][4][6] Group 1: Collaboration Details - The MOU outlines cooperation in manufacturing, commercialization, and sales of the new EDU product, which will be jointly developed by REE and Cascadia Motion [1][2] - REE will grant Cascadia Motion an exclusive, time-limited option to distribute a uniquely packaged EDU that combines Cascadia Motion's iM-125 drive unit with REEcorner technology [2][6] - The collaboration aims to provide a compact, cross-platform EDU designed to accelerate electric vehicle (EV) development for OEMs [2][4] Group 2: Market Insights - The global EDU market is projected to grow at a compound annual growth rate (CAGR) of approximately 9% from 2025 to 2035, with expectations that the market size will double by 2035 due to increased demand for electric vehicles [4][6] - This collaboration positions both companies to offer OEMs a scalable, advanced EDU solution with near-term availability, aligning with the industry's shift towards software-defined vehicle architectures [4][5] Group 3: Technical Specifications - The new EDU will feature a permanent magnet motor with a peak power of 100 kW, peak torque of 3000 Nm, and a maximum continuous power of 57 kW [8] - The EDU will operate at a voltage of 400 V and has a maximum speed of 835 rpm, designed to enhance efficiency and functional safety [8] Group 4: Strategic Vision - The collaboration is seen as a natural progression of a three-year partnership, reinforcing the mission to accelerate the transition to software-defined, by-wire mobility [5] - REE's advanced zonal SDV architecture aims to simplify vehicle design and enhance safety, performance, and reliability, making it adaptable to future market changes [10]

Core Viewpoint - REE Automotive Ltd. has been awarded Frost & Sullivan's 2025 Company of the Year in the North American Electric Medium-Duty Vehicle Platform Industry for its innovative software-defined modular platform that addresses challenges in the electric vehicle landscape [1][5] Company Overview - REE Automotive is focused on developing software-defined electric vehicles (SDVs) that enhance safety, modularity, and performance in both passenger and commercial vehicles [7][8] - The company's proprietary REEcorner technology integrates critical vehicle components into compact modules, optimizing space utilization and increasing overall system efficiency, which leads to lower Total Cost of Ownership (TCO) [3][4] Technology and Innovation - REE's modular platform supports various vehicle types, including last-mile delivery trucks, cargo vans, and passenger vehicles, making it adaptable to different applications [2][3] - The Unified Architecture (RUA) merges hardware features and software applications into a seamless operating system, making the platforms future-ready [3] - REE's fully by-wire platform is designed to integrate with autonomous driving systems, allowing for compatibility without extensive vehicle modifications [3][4] Strategic Partnerships and Growth - The company is scaling its production capabilities and forming strategic partnerships, including a collaboration with Motherson Group for manufacturing and supply chain management [4][8] - A non-binding memorandum of understanding (MOU) has been signed with a global technology company to produce autonomous-driving vehicles based on REE's existing P7 platform by 2027 [4] Market Position and Recognition - Frost & Sullivan's Company of the Year recognition highlights REE's visionary innovation, market-leading performance, and customer care [5] - The company has gained traction with key industry players such as U-Haul, Penske Truck Leasing, and Airbus UpNext, indicating strong market acceptance [3]