REE Automotive has announced a “strategic collaboration” with Magna International, which will allow both companies to explore the possibilities of fully modular electric vehicles (MEVs) and bring them to market. According to a press release, these MEVs will be based around the REEcorner technology and will don a “Powered by REE” brand.
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This week’s EV spotlight is on an automotive manufacturer that is by no means up and coming. Magna International has over 60 years of experience manufacturing auto parts. However, it is the company’s recent focus on electric mobility solutions and AI that has earned it an Electrek spotlight.
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Samsung has acquired the battery pack business of leading automotive parts supplier Magna International. The move, according to a statement from the companies, will “enhance Samsung SDI’s capabilities in batteries for electric vehicles.”
While Samsung producing batteries and energy storage solutions for vehicles isn’t exactly new—it already supplies batteries for Tesla and others—there is an Apple Car connection in its latest acquisition… Expand
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