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Magna to Build Modular Electric Vehicle With Israeli Startup REE


Magna to Build Modular Electric Vehicle With Israeli Startup REE
Ed Ludlow and Gabrielle Coppola, Bloomberg News
Electric vehicle charging points at Gridserve s new electric forecourt in Braintree, U.K., on Tuesday, Dec. 15, 2020. The first all-electric auto service station opened in Britain early this month as drivers increasingly avoid cars fueled by gasoline and diesel. Photographer: Chris Ratcliffe/Bloomberg
, Bloomberg
(Bloomberg) 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.
The companies agreed to jointly design, engineer and build the EVs using REE’s platform, the skateboard-like base that supports different vehicle designs on top. The EVs can be built to the exact specifications of “global technology companies and e-mobility ....

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The Day - Who will build the Apple Car? Here are candidates to watch - News from southeastern Connecticut


Published March 04. 2021 11:05PM 
By Debby Wu, River Davis, Gabrielle Coppola and Kyunghee Park, Bloomberg News
Apple Inc.’s work on a car has brought to the fore several potential manufacturing partners capable of building an electric self-driving vehicle for the technology giant.
The secret project has gained momentum in recent months, adding multiple former Tesla Inc. executives, gaining the supervision of Apple’s top artificial intelligence executive and ramping up road tests. The initiative, known as Project Titan inside Apple, is attracting intense interest because of its potential to upend the automotive industry and supply chains, much like the iPhone did to the smartphone market. ....

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