PR84109

TEL AVIV, Israel, May 21, 2020 /PRNewswire=KYODO JBN/ --

REE Automotive (REE) and KYB Corporation (KYB) announced today a strategic

partnership to develop suspension capabilities for future electric vehicle (EV)

platforms. Automotive Tier 1 supplier KYB's unparalleled semi-active and active

suspension systems will boost REE's next-generation EV platform, which delivers

complete design freedom and cost-effective, scalable solutions in e-mobility.

The combined expertise of REE, a pioneering technology company and leader in

electric vehicle platforms, and KYB, a leading global hydraulics manufacturer,

will reshape the movement of goods, people and services by revolutionizing

electric vehicle design.  

REE's partnership with KYB further expands REE's global manufacturing

capabilities. It also ignites a new level of suspension technology within the

REEcorner™ architecture solution, which integrates all drivetrain vehicle

components (steering, braking, suspension, e-motor) into the wheel. The

REEcorner™ combines with the REEboard™ – a completely flat platform – allowing

complete freedom of design, improved performance and safety, and modular

applications for any vehicle type – from last mile delivery to heavy duty

shipping.

The KYB-REE partnership marks the first time KYB has formally collaborated on

EV platforms with a technology company. "KYB has vast experience in developing

and manufacturing advanced suspension systems, and we are excited to partner

with REE Automotive and share its revolutionary EV vision by engineering a

suspension subsystem that supports the needs of tomorrow's mobility ecosystem,"

said Kazunori Masumoto, General Manager of Engineering Headquarters at KYB

Automotive Component Business Division .

REE's Co-Founder and Chief Executive Officer Daniel Barel said, "REE is

delighted to welcome KYB to our unique network of global strategic automotive

partners, bringing world-class expertise in advanced suspension systems. KYB's

technology will play a crucial role in the rapid development of our

next-generation EV architecture, which reinvents the electric vehicle with a

completely flat, scalable and fully modular platform, ready to carry the future

of e-mobility."

About REE Automotive: Next Generation EV platform - Ready to carry the future

of e-Mobility

REE Automotive is a pioneering technology company reinventing e-mobility.

Unrestricted by legacy thinking, REE has developed the next generation EV

platform which is completely flat, scalable and modular providing customers

full design freedom to create the broadest range of EV, and Autonomous vehicles

for current and future applications, including last mile delivery, MaaS, light

to heavy duty EV logistics and robo taxis. REE has developed two core

innovations; the REEcorner™ integrates all traditional vehicle components

(steering, braking, suspension, e-motor) into the arch of the wheel and the

REEboard™ which is a completely flat and modular platform. REE's approach is

cost efficient and offers multiple customer benefits, including vehicle design

freedom, package efficiency, increased energy efficiency, faster development

time, ADAS compatibility, reduced maintenance and global safety standard

compliance. REE is supported by a network of Tier 1 partners providing access

to 320 global production lines making REE the next generation EV platform,

ready to carry the future of E-Mobility. For more information visit

www.ree.auto. For images, please visit: https://bit.ly/REE_KYB

About KYB group

KYB group are a group company with 47 company in 23 countries worldwide. KYB is

a $3.7 billion global hydraulic equipment manufacturer with over 15,000

employees, supplying products all over the world. In supplying suspension that

is one of main products to car manufacturers, KYB is one of the world's largest

suppliers and also sell full range of suspensions for the aftermarket. For more

information, log onto www.kyb.co.jp/english/ .

Video - https://www.youtube.com/watch?v=mll4-htnVkw  

Photo - https://mma.prnewswire.com/media/1171042/REE_Automotive_1.jpg    

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Logo - https://mma.prnewswire.com/media/1171041/REE_Automotive_Logo.jpg

Source - REE Automotive