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Toyota Teams Up with Israel to Develop Electric Commercial Vehicles

July 8, 2021

by: Excerpt from an article by JNS

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Toyota subsidiary Hino Motors Co. and the Israeli start-up REE Automotive announced their partnership to develop electric commercial vehicles to transport people and goods.

The companies said the signing of their business agreement shows their shared vision of “providing new value to society through next-generation commercial mobility” that is geared to “improve quality of life on a global scale by lowering carbon emissions, minimizing strain on infrastructure, reducing congestion and allowing companies to better allocate resources.”

Their electric commercial vehicles will be comprised of a modular platform (powered by REE) that will carry on top a customized Mobility Service Module [MSM], which will hold passengers and goods as well as deliver services. The MSM can also be detached from the electric vehicle platform and serve as an independent unit that can operate separately and continue to its next project.

Hino CEO Yoshio Shimo said, “REE is a visionary company, and I am confident that this business alliance will become a driving force as we take on the challenge of generating new value in commercial mobility to harmonize with future society.”

“We see this alliance as a unique opportunity to fulfill our shared mission of improving quality of life for people around the world by developing and bringing to market revolutionary next-generation electronic vehicles,” said Daniel Barel, co-founder and CEO of REE.

Excerpt from an article by JNS

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