BRIEF-Hino Motors And REE Automotive Sign Business Alliance Agreement

Reuters

Apr 27, 2021

April 27 (Reuters) -

* HINO MOTORS AND REE AUTOMOTIVE SIGN BUSINESS ALLIANCE AGREEMENT FOR NEXT-GENERATION COMMERCIAL MOBILITY

* HINO MOTORS - COMMERCIAL MOBILITY SOLUTION WILL COMPRISE OF A MODULAR PLATFORM THAT WILL CARRY A CUSTOMIZED MOBILITY SERVICE MODULE ON TOP

* HINO MOTORS - ALLIANCE TO COMBINE CO'S TECHNOLOGIES AS A COMMERCIAL VEHICLE MANUFACTURER WITH REE’S REECORNER EV TECHNOLOGIES

* HINO MOTORS - MOBILITY SERVICE MODULE CAN BE EASILY DETACHED FROM EV PLATFORM AND ONCE DETACHED, CAN SERVE AS AN INDEPENDENT, STAND-ALONE UNIT

* HINO MOTORS - MOBILITY SERVICE MODULE WILL CARRY PASSENGERS, GOODS AND DELIVER SERVICES, AND WILL BE ENHANCED WITH DATA-DRIVEN SERVICES

* HINO MOTORS - CO, REE WILL FIRST WORK TO DEVELOP HARDWARE PROTOTYPES BY FY 2022

Source text for Eikon:

((Reuters.Briefs@thomsonreuters.com;))

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