Share this article
Share this article
VILLEURBANNE, France, and TEL AVIV, Israel, April 19, 2021 /PRNewswire/ Navya (FR0013018041- Navya), a leading company in autonomous driving systems and REE Automotive ( REE ), a leader in e-Mobility which recently announced its merger with 10X Capital Venture Acquisition Corp. (NASDAQ: VCVC), announce that they have signed an agreement to collaborate in the development of a level 4 autonomous system including REEcorner technology and Navya self-driving solutions.
REE Automotive
REE is revolutionizing the e-Mobility industry through its highly modular and disruptive REEcorner technology which integrates critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel. REE s proprietary x-by-wire technology challenges century-old automotive concepts by being agnostic to vehicle size and design, power-source and driving mode (human or autonomous). Platforms utilizing REEcorners can present sign
with
Roth CH Acquisition Co II (NYSE: ROCC) valuing the company at $788 million. Reservoir Media has over 140,000 copyrights under its music publishing business including hits from Johnny Cash, John Denver, Lady Gaga, Cardi B and Bruno Mars.
The company also has a creative business that represents musicians and has rights to more than 26,000 sound recordings that include popular movie soundtracks. Reservoir Media has not announced any plans to launch NFTs but could be seen as a company that could have upside in the space.
Leading Southeast Asia online food delivery, ride-hailing and digital wallet company Grab, is going public in the largest SPAC deal ever. A merger with
Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
Monday, 12 April 2021
REE Automotive Ltd (REE), an electric mobility innovator which recently announced its merger with 10X Capital Venture Acquisition Corp. has formed a strategic collaboration with Magna International Inc., a mobility technology company, with the goal of bringing to market innovative, full-fledged Modular Electric Vehicles (MEVs) for tech companies and new electric mobility players under the ‘Powered by REE’ brand. REE EV platform (REE)
The strategic collaboration will explore the combination of REE’s REEcorner™ technology with Magna’s vehicle systems integration expertise and world-class manufacturing capabilities, to develop MEVs that enable commercial customers to customize vehicles based on their specifications and branding, while accelerating time to market.