€100m UK Centre of Excellence for skateboard power platform: Page 2 of 2

February 19, 2021 //By Nick Flaherty
€100m UK Centre of Excellence for skateboard power platform
REE Automotive is setting up an engineering centre for its electric vehicle skateboard technology
strategic investors including Koch Strategic Platforms, Mahindra & Mahindra and Magna International, REE would have sufficient capital to accelerate mass production of REEcorner technology and modular EV platforms. The first REEcorners are expected to be delivered to customers in 2022, with mass production beginning in 2023. This new Engineering Centre is a state-of-the-art facility allowing us to accelerate our validation, verification and testing as well as product homologation.”

The $3.1bn reverse merger announced earlier this month is set to raise $500m for development. The company says it has pipeline of $5bn of orders to 2026 for the skateboard platform.

“A key driver in our decision to establish our presence in the UK is the UK government’s forward-thinking vision and zero-emissions policy that perfectly aligns with REE’s goal of heralding a more sustainable, greener future for our generation and those to come,” said Mike Charlton, REE’s COO, who is responsible for the launch.

www.ree.auto; www.miratechnologypark.com

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Picture: 
The REEcorner skateboard power platform

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