REE Automotive (REE) has released an update.
REE Automotive Ltd. has announced a strategic collaboration with a leading global automotive supplier, aiming to enhance their production line efficiency and supply chain management. This partnership also includes a potential $10 million investment in REE Automotive by the strategic party, which is contingent upon finalizing a definitive agreement and due diligence. The collaboration is expected to support REE’s operational improvements and advocate for the adoption of its innovative corner modules among truck manufacturers.
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