An electric vehicle start-up firm is to create 200 highly skilled engineering jobs at a new UK base near Nuneaton.
The REE Automotive Engineering Centre will be based at the MIRA Technology Park.
REE Automotive is an Israeli firm which has developed an electric vehicle platform which can be used for a wide range of vehicles.
Its UK base, which represents a $92m investment, will enable the firm to speed-up the development and manufacture of its technology.
The company is expecting high global demand for its REEcorner and electric vehicle (EV) platform technology.
The engineering centre at MIRA will spearhead REEcorner and EV platform engineering design, validation, verification and testing, as well as product homologation.
Being based at MIRA means the company will have access to world-class test facilities and a proving ground for physical testing and validation of its technology.
REE plans to assemble components at one of 15 integration centres around the world, with the first one set to open in the US this year.
It is aiming to manufacture via a global network of Tier 1 partners in over 30 countries, with point-of-sale assembly.
Daniel Barel, REE’s co-founder and CEO, said: “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.
“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 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. “
Mr Barel added: “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 technology developed by REE enables other companies to build electric and autonomous cars, vans and trucks of any size or shape, for any application, and any target market.
The REEcorner X-by-wire technology integrates all critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel.
This concept, unique to REE, allows a completely flat and modular electric chassis and provides customers with design freedom to create a broad range of electric and autonomous vehicles.
REE says electric and autonomous vehicles built on REEcorner and EV platform technology can offer more room for passengers, cargo, and batteries.
Welcoming the REE announcement, Lord Grimstone of Boscobel Kt, Minister for Investment at the Department for International Trade, said: “The UK is the most welcoming location for a pioneering automotive company like REE thanks to our leading position in both CAM and vehicle electrification.
“The Government’s multi-million Driving the Electric Revolution programme, which drives forward new solutions in automotive power electronics, motors and drives, has played a major role in bringing this exciting investment to the UK. I wish the company every success in its new home.”
Mike Charlton, REE’s COO, who is responsible for the launch stated, “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.”
The opening of REE’s new Engineering Centre at MIRA – Europe’s leading mobility R&D location for developing the latest automotive technology – is expected to create around 200 highly skilled jobs in the next few years.
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