Toyota-backed Hino to develop electric vehicles with Israel’s Ree – Times of India

Toyota-backed Hino to develop electric vehicles with Israel’s Ree – Times of India [ad_1]

Toyota Motor Corp affiliate Hino Motors and Israeli startup Ree Automotive will collectively develop modular electric vehicles to transport folks and items, becoming a member of a rising quantity of partnerships within the nonetheless younger, however quick-paced business EV sector.
That market could possibly be price a whole bunch of billions of {dollars} over the subsequent 5 years, analysts estimate, attracting the likes of General Motors Co and Ford Motor Co.
Startups Arrival and Rivian are creating related vehicles for large supply prospects — Arrival with United Parcel Service, Rivian with Amazon.
Like Arrival and Rivian, Ree has developed a versatile electric skateboard that mixes motor, batteries, steering, suspension and brakes right into a flat chassis on which totally different automobile configurations — amongst them vans and buses — may be constructed.
Ree has a twist: Each nook of the skateboard includes a modular wheel/tire mixture that additionally incorporates suspension and different chassis parts.
Hino and Ree plan to collectively develop an electric business automobile chassis that employs Ree’s nook modules and includes a removable “mobility service module” that may perform as a stand-alone unit. The companions plan to start creating prototype vehicles in 2022.
Hino stated the start line for growth is an idea referred to as FlatFormer for a modular electric business automobile, first displayed on the 2019 Tokyo auto present.
Ree stated its skateboard can accommodate self-driving {hardware}. Earlier this month, Ree introduced an settlement with Navya, a French maker of self-driving passenger shuttles, to collectively develop autonomous techniques with Ree’s modular chassis parts.
In February, Ree stated it might go public later this 12 months in a reverse merger with clean-examine acquisition firm 10X Capital. Arrival went public in March in an analogous deal. Rivian reportedly is contemplating an preliminary public providing later this 12 months.

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