Israeli electric vehicle technology developer REE Automotive (REE) is to set up a £92m (€106m) Engineering Centre of Excellence in the UK for its skateboard system.
The new Engineering Centre at MIRA in Warwickshire will employ up to 200 engineers on the design, validation, verification and testing of the REEcorner and Electric Vehicle (EV) skateboard platform technology. This approach combines all the power, motors and electronics in the chassis so that vehicles can be more easily assembled. This skateboard approach is also used by vehicle makers such as Canoo and Rivian as well as Sony and contract manufacturer Foxxconn.
The key to the proprietary REEcorner X-by-wire technology is that all the critical vehicle components, from the steering and braking to the suspension, powertrain and control, is built into the arch of the wheel. This allows a completely flat and modular electric chassis and provides customers with full design freedom to create the broadest range of electric and autonomous vehicles.
REE has a CapEx-light manufacturing model with plans for a network of 15 integration centres to assemble the components of the platform. The first one is set to open in the US in 2021. REE plans to manufacture via a secured and exclusive global network of Tier 1 partners in over 30 countries, with point-of-sale assembly.
REE will also have access to the test facilities and a proving ground for physical testing and validation of the REEcorner and EV platform at the MIRA Technology Park in the UK which is also home to 35 Tier One automtive suppliers.
“I am excited to announce another major milestone for REE towards bringing our technology and products to the market as we expand our global footprint,” said Daniel Barel, REE’s Co-Founder and CEO. “With the recent announcement that we plan to go public via a SPAC through our merger with 10X Capital Venture Acquisition Corp. and funding from long-term