Hino Motors, the Toyota subsidiary that will make commercial autos and diesel engines, is forming a strategic alliance with Israeli-primarily based REE Automotive, a company of modular platforms to guidance autonomous motor vehicles.
The intention is to incorporate Hino’s abilities in business motor vehicles with REE’s electric automobile technologies.
Far more especially, the associates visualize producing a edition of the REEBoard, a mobility company module, that will carry passengers, merchandise and providers to the consumers who at the moment acquire Hino’s vehicles.
They intend to establish hardware prototypes by 2022, in accordance to a release asserting the collaboration.
REE’s modules can be detached from the electrical auto and then serve as an independent vehicle that can have out its possess deliveries.
A model of this flat module, termed the FlatFormer, was shown at the 2019 Tokyo Motor Present.
“The commencing level of this collaboration is the FlatFormer concept we showcased at the 2019 Tokyo Motor Display,” claimed Hino CEO Yoshio Shimo, in a statement. “It been given an exceptional reaction, and I am delighted to see this FlatFormer thought arrive closer to truth.”
In February REE agreed to go community by way of a merger with a blank look at business, or unique objective acquisition company (SPAC).
The transaction, which valued REE at $3.6 billion, is with 10X Capital Venture Acquisition Corp. and is predicted to supply $500 million in cash to REE, like $300 million from Mahindra and Mahindra, Koch Strategic Platforms and Magna Global, a significant car provider.
REE is led by co-founder and CEO Daniel Barel.
The organization signed an settlement with Indian carmaker Mahindra and Mahindra last 12 months to explore joint development of electric powered professional vehicles.
Past thirty day period, Hino, Toyota and Isuzu fashioned a commercial automobile partnership to mix Toyota’s linked, autonomous and electric technologies with Isuzu and Hino’s business automobile know-how.
The new undertaking is led by Hiroki Nakajima, president of Toyota’s in-dwelling business automobile group.
The a few companies system to create battery electric motor vehicles (BEVs) and gas mobile electric automobiles (FCEVs), autonomous driving technologies, and electronic platforms for professional autos.