REE Automotive (REE) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
REE Automotive has announced a strategic global manufacturing agreement with Motherson Group, one of the world’s leading automotive suppliers, to accelerate the production of REE’s innovative electric trucks and platforms. The partnership is supported by a $45.35 million investment round led by M&G Investment, with significant contributions from Motherson and Varana Capital. This collaboration is expected to significantly boost REE’s market presence by leveraging Motherson’s manufacturing expertise and supply chain management to meet the surging demand for electrified commercial vehicles.
For further insights into REE stock, check out TipRanks’ Stock Analysis page.
