Category: Automotive

Retail News Asia is committed to providing both local and global retailers with the latest Auto and Car news throughout the Asian market. This on a daily base.

  • Daimler To Produce First In-House Electric Motor At Berlin Plant

    Daimler To Produce First In-House Electric Motor At Berlin Plant

    Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on Thursday, providing relief to workers worried that the diesel motor production site was on the brink of deep job cuts.

    Workers who feared for their positions after Daimler said in September 2020 its Berlin site would end production of the 6-cylinder diesel motor within a year would also be offered retraining in software and coding, the German company said.

    Around 450 of the plant’s 2,300-odd workers have applied to attend a pilot 160-hour training course in software development, works council chairman Michael Rahmel said on a press call, with around fifteen selected for the first round of training.

    Investment in the 120-year-old Berlin-Marienfelde plant, previously pinned at a two-digit million euro amount, will rise to a low three-digit million euro amount in the next six years, Daimler said.

    The motor, known as an axial-flux motor and designed by the British startup YASA which Daimler acquired earlier this year, weighs a fraction of its diesel equivalent and can boost the range of an EV by up to 7%, YASA’s founder Tim Woolmer told Reuters in July.

    Woolmer said at the time that Daimler had briefed YASA to bring costs down in future iterations of its motor so the carmaker could use them across its entire EV range.

    The e-motor is simpler to produce than its diesel equivalent, meaning the plant will eventually require less workers – but the exact number of future job losses was not yet clear, head of production Joerg Burzer said on a press call. A start date for the production of the motor was not provided.

    The factory’s employees are guaranteed their positions until the beginning of 2030 under an existing union agreement.

    The digital training campus, which Daimler partnered with Siemens in March to develop and which will go live in 2022, would also create new jobs, Burzer said.

    “If we make an effort here in coming years, there could even be more jobs than before,” head of IG Metall Berlin Jan Otto said.

    Production of the 6-cylinder diesel motor and some components would continue at the factory in the short-term but was being wound down, Burzer and union representatives said.

    The factory’s employees are guaranteed their positions until the beginning of 2030 under an existing union agreement.

    “A year ago, we didn’t know what would happen at the plant. Today we’re embarking on what will hopefully be a successful transformation with our heads held high,” Michael Rahmel, works council chairman at Berlin-Marienfelde, said in a statement

  • Nissan Plans 50% Electric Vehicle Sales By 2030

    Nissan Plans 50% Electric Vehicle Sales By 2030

    Automaker Nissan wants half its global sales to be electric or hybrid vehicles by 2030 and plans to plough billions of dollars into the effort, it announced Monday. The move follows in the footsteps of other major global automakers, which have increasingly signaled a move towards electric and hybrid vehicles as concern about climate change grows.

    Unveiling its new long-term plan, Nissan said it will launch 23 new models, including 15 new electric vehicles, in a bid to reach the 2030 goal.

    Last year, only around 10 percent of Nissan’s global sales were EVs or hybrids, and the firm said the new target would help it achieve carbon neutrality across the lifecycle of its products by 2050.

    Nissan has been battered by a series of problems in recent years, ranging from weak demand even before the pandemic, to the fallout from the arrest and subsequent escape of former boss Carlos Ghosn.

    Last year, only around 10 percent of Nissan’s global sales were EVs or hybrids

    After falling behind rivals during the pandemic, it has begun clawing back performance, tripling its full-year net profit forecast earlier this month despite the impact of a global chip shortage.

    In a statement, Nissan CEO Makoto Uchida said the long-term plan announced Monday would “transform Nissan to become a sustainable company.”

    It’s a move seen across the auto industry with Sweden’s Volvo pledging to switch all sales away from traditional fuel cars by 2030, and Japan’s Honda setting the same target by 2040.

    Top-selling Toyota says by 2030 all the vehicles it sells in Europe will be electric or hybrid models, with a goal of 70 percent in North America and 100 percent in China by 2035.

    Nissan said 20 of its new electric models would hit the market in the next five years, setting a target for electric cars to make up 75 percent of sales in Europe by fiscal 2026.

    The Japanese automaker said it will invest two trillion yen ($17.5 billion) over the next five years to speed up electrification, aiming to launch electric vehicles with its proprietary batteries by 2028.

    Electric and hybrid vehicles are being increasingly adopted in the face of concern about climate change, with Britain moving to ban new sales of diesel and petrol cars in the UK from 2030.

    US President Joe Biden earlier this year announced a target for half of all ears sold domestically by 2030 to be zero-emission.

    At present, around 10 percent of European car sales are EVs, but the US figure is just two percent.

  • Car registration fee cut by half again

    Car registration fee cut by half again

    A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1.

    This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the Covid-19 pandemic.

    In the first six months of last year, 17,600 cars were bought on average each month. In the second half, when the 50 percent cut took effect, sales doubled.

    The registration fees are calculated based on car prices in each locality.

    The rates are 12 percent in Hanoi and Hai Phong, and 10 percent in HCMC.

    Last year, car sales had fallen by 8 percent to 296,634 units as the Covid-19 pandemic badly affected the economy, hitting people’s incomes and discretionary spending.

  • Kawasaki To Unveil Three New Electric Motorcycles In 2022

    Kawasaki To Unveil Three New Electric Motorcycles In 2022

    Kawasaki Motors President and CEO Hiroshi Ito have announced that the Japanese brand will introduce not one, but three new electric models in 2022. Addressing the assembled crowd at the EICMA 2021 show in Milan, Italy, Hiroshi Ito laid down a broad outline for Kawasaki’s immediate future plans, including alternative fuels, as well as new products. What is clear from the comments from EICMA 2021 quoted by several sources, is that Kawasaki intends to fully embrace a carbon-neutral society. And what is important is that Kawasaki seems to be almost ready with several new electric models.

    “I would like to share a new commitment with you now. Next year, in 2022, we will show a minimum of three electric vehicles globally. That is a promise,” said Hiroshi Ito, President and CEO, Kawasaki Motors.

    The news seems to be part of Kawasaki’s plans to introduce 10 electric and hybrid motorcycles by 2025. But what is also interesting is Kawasaki’s plans to evaluate other forms of cleaner transportation. In his address, the Kawasaki Motors President and CEO also made mention of the Japanese brand’s commitment to exploring other power sources, including hydrogen, hybrids, and eFuels.

    “In addition to electric vehicles, Kawasaki is looking at all options as we work towards achieving a carbon-neutral society. One example is a hydrogen engine. In Japan, all industries supported by the government are making great efforts to make hydrogen a practical domestic alternative are currently moving forward. The Kawasaki Group is taking on a key role in this project, leading the way in hydrogen production, transport, storage, and use.

    “And just recently, on November 13, Kawasaki Motors decided to take the first steps in developing a hydrogen-powered motorcycle engine with Yamaha. Of course, we will look at the possibilities of other alternative fuels, like biofuel and eFuels,” added Hiroshi Ito.

    The announcement is a clear indication that Kawasaki is serious about cleaner transportation and is leading the development and pursuit of alternative power sources. And it will be interesting to see what the three new electric products will be, but even more interesting will be the development of alternative fuels, including hydrogen power.

  • Hero Electric Reports 100 Percent Jump In Retail Sales

    Hero Electric Reports 100 Percent Jump In Retail Sales

    Hero Electric, India’s leading electric two-wheeler manufacturer, has clocked 24,000 retail sales during the festive period this year. According to the company, compared to last year, when Hero Electric’s festive sales stood at 11,339 units during the period from October 1, 2021 to November 15, 2021, the growth in retail sales has been more than double. The company says the recent amendment in FAME II policy and rising fuel prices has propelled the demand for electric vehicles resulting in heightened demand. With strong government support to the sector, EVs are redefining the mobility space in India and are now receiving preference for commuting with better infrastructure and awareness.

    Sohinder Gill, CEO – Hero Electric, says that a significant number of customers are showing a preference for electric two-wheelers over petrol-powered two-wheelers.

    Sohinder Gill, CEO, Hero Electric, said, “We saw two clear indicators in our showrooms this festive season. A significant percentage of customers chose Hero E bikes over the Petrol bikes and many factored environment and sustainability as influencing factors in their purchase. This is a good indicator for Hero and the E2W industry to step into exponential growth and bring around an EV revolution that will help reduce air pollution and make our cities a better place.”

    Hero Electric’s ’30 days, 30 bikes’ festive offer aided the upward sales momentum during this period, the company announced in a statement. Under the offer, every day one lucky customer purchasing a Hero Electric two-wheeler got a chance to ride home their vehicle free, further fostering the spirit of a pollution-free festive season. Pursuing a strong sales target and market share by the end of FY2022, Hero Electric is targeting 1 million customers in the near future.

    Hero Electric is one of India’s oldest, and the largest electric two-wheeler company, with a manufacturing facility in Ludhiana. Hero Electric currently has 700 and rapidly expanding sales and service outlets spread across the country, and offers a wide range of electric two-wheelers for different customers at different price points. With over 4,00,000 electric two-wheelers in India, over the past 14 years, Hero Electric has played a crucial role in developing and promoting the electric vehicle market in the country.

  • Apollo Tyres Collaborates With AWS To Make Its Factories Smarter

    Apollo Tyres Collaborates With AWS To Make Its Factories Smarter

    Amazon Web Services (AWS) announced that Apollo Tyres is going all-in on AWS to digitally transform. By moving all of its IT infrastructures to AWS, Apollo Tyres can use AWS’s broad portfolio of services to innovate new customer experiences while driving productivity, compliance, and process efficiency gains globally, across seven factories. Apollo Tyres will draw on the breadth and depth of AWS capabilities, including Internet of Things (IoT), data and analytics, and machine learning, to transform into an agile, data-driven enterprise. Using data from the factory floor and real-time information from production machines, like tyre rubber mixer machines, Apollo Tyres can expand operational intelligence capabilities and more accurately manage machine utilization, ensuring high-quality levels and machine efficiency. With AWS, Apollo Tyres is connecting all of its factories to the cloud this year in India and Europe. By 2022, Apollo Tyres plans to migrate all mission-critical enterprise applications, including its SAP applications, to AWS to enhance customer experience, improve process efficiency, and enable process automation.

    Apollo Tyres produces more than 2,425 tons (2,200 metric tons) of tires daily in its seven factories worldwide. Each factory previously ran their on-premises infrastructure in silos, which provided limited visibility into global manufacturing efficiencies. Apollo Tyres needed to upgrade its infrastructure to develop new ways of engaging with fleet operators, tyre dealers, and consumers while delivering tires and services efficiently at competitive prices. The company’s first step was to create a data lake on AWS, which centrally stores Apollo Tyres’ structured and unstructured data at scale. This data lake provides the foundation for an integrated data platform, which enables Apollo Tyres’ engineers around the world to collaborate in developing cloud-native applications and improve enterprise-wide decision making. The integrated data platform enables Apollo Tyres to innovate new products and services, including energy-efficient tyres and remote warranty fulfillment.

    Using AWS IoT SiteWise, a managed service that makes it easy to collect, store, organize and monitor data from industrial equipment at scale, and AWS IoT Greengrass, an open-source edge runtime and cloud service for building, deploying, and managing device software, Apollo Tyres developed an IoT-in-a-box solution. The solution connects production machines on the factory floor to AWS in as few as five days. Once connected, the solution captures data from multiple machines-including mixers, tyre building equipment, and curing presses-and feeds it to the data lake. Apollo Tyres uses Amazon Redshift, a cloud data warehouse, to create a global dashboard for visualizing production information from the data lake, providing business teams and plant managers with real-time visibility into the manufacturing process. This visibility improves production efficiency and productivity, for example by reducing the idle time of curing presses that shape the tyre in a mould by 50%.

  • Audi recalls 104 cars in Vietnam over lock nut issue

    Audi recalls 104 cars in Vietnam over lock nut issue

    German auto brand Audi is recalling 104 cars in Vietnam due to a lock nut issue on the rear suspension that could cause a loss of control and crash.

    Certain lock nuts on the trailing arm of the rear axle can break due to corrosion, which can change the wheel alignment on the rear axle, according to a notice the company submitted to Vietnam Register.

    If the rear axle suddenly moves in the wrong direction, the driver could lose control and crash, it added.

    There has been no known accidents reported.

    The company will contact each owner about a free replacement of the lock nut, which would take around 1.5 hours.

    The recall lasts from Nov. 15 to Nov. 14, 2024.

  • Car imports surge

    Car imports surge

    The number of imported cars in Vietnam rose 61 percent to 129,733 units in the first 10 months this year.

    Passenger vehicles saw a rise of 50 percent to 90,029 units, according to Vietnam Customs.

    In October, the three major import markets were Thailand with 8,320 units, followed by Indonesia, 3,925, and China, 1,733.

    Over 11,700 cars with nine seats or less were imported to Vietnam last month, doubling from September.

    A media representative of a Japanese auto brand said the rise came as customs activities resumed after months of social distancing.

    Companies were also importing more vehicles to prepare for the end-of-year shopping season.

    Vietnam also imported $4.07 billion worth of car parts and equipment in the first 10 months, up 33.5 percent year-on-year.

    Sales of imported, completely-built units rose 24 percent year-on-year to 97,028 in the first 10 months, according to Vietnam Automobile Manufacturers Association (VAMA).

  • Waymo, UPS Expand Autonomous Freight Truck Tie-Up Ahead Of Holidays

    Waymo, UPS Expand Autonomous Freight Truck Tie-Up Ahead Of Holidays

    Alphabet Inc’s Waymo said on Wednesday it is expanding its partnership with United Parcel Service Inc to move freight using autonomous trucks between two of the parcel delivery company’s Texas facilities during the holiday season.

    Waymo Via, the company’s delivery operation, began its partnership with UPS in early 2020 when it shuttled packages for the company between the Metro Phoenix area and its Tempe hub in Arizona using an autonomous minivan.

    The company said trial runs would start in the coming weeks, where big rigs equipped with its fifth-generation Waymo Driver technology will deliver for UPS’ North American Air Freight unit between facilities in Dallas-Fort Worth and Houston, Texas.

    Driver shortages have hit U.S. trucking and delivery companies, most notably FedEx Corp, as they race to hire workers for the crucial holiday season when package volumes can easily double. Waymo and UPS said the trials would help assess the impact of autonomous driving technology on safety and efficiency.

  • TomTom Shares Rise 9% After European Union Decision

    TomTom Shares Rise 9% After European Union Decision

    Shares in Dutch navigation and mapping company TomTom closed 9.3% higher on Wednesday, after the European Union published rules specifying that cars must incorporate a technology that the company supplies, starting in 2022.

    TomTom works with carmakers to provide the technology that helps drivers comply with speed limits, called “intelligent speed assistance.”

    The publication in the Official Journal of the European Union specified that new car models must use the technology starting in July 2022, and all cars sold must have it by 2024.

    Chief Executive Harold Goddijn was scheduled to meet with investors at a conference during the day, though it was not clear whether he discussed potential financial benefits to the company.

    A spokesperson for TomTom could not immediately comment. Sebastian Marland, an equity research analyst at AFS Group, said he believed the news was the trigger for the stock’s surge.

    “This creates a momentary opportunity for TomTom as it provides the tech required to ‘add-on’ to the cars,” he said.

    However, “from 2024 onwards, all cars in the EU must have it installed, making TomTom’s tech redundant in the long term.”

  • Harley-Davidson Sportster S To Be Launched At India Bike Week

    Harley-Davidson Sportster S To Be Launched At India Bike Week

    Harley-Davidson India will launch its second new model based on the new Revolution Max 1250 platform, after the Pan America 1250. The new Sportster S, will make its India debut at the upcoming India Bike Week 2021 at Aamby Valley, Lonavla on December 4-5, 2021. On the Sportster S, the 1,252 cc, v-twin is tuned for more torque lower in the rev range and makes less horsepower. The new Harley-Davidson Sportster S will be the second Harley-Davidson model to be launched in India, after the American motorcycle brand revamped its India business, now in association with Hero MotoCorp.

    The 1,252 cc v-twin puts out 121 bhp, (instead of the 150 odd bhp on the Pan America 1250), but peak torque has been moved down the rev range, with 127 Nm hitting at 6,000 rpm. The redline is quite high too, at 9,500 rpm, and with variable valve timing on both the intake and exhaust ports, the Revolution Max 1250 promises sporty performance across the rev range. The suspension comes from Showa, featuring 43 mm inverted forks and a piggyback reservoir rear shock with remote preload adjustment. But suspension travel is limited, with just 91 mm on the front, and a measly 50 mm travel on the rear monoshock.

    The bike was originally unveiled as the Harley-Davidson 1250 Custom, and looks stocky and muscular, with fat tires that complete the buffed-up look. The short front mudguard is reminiscent of a classic bobber, while the tail section, with the high-mounted exhaust, as well as solo seat are a nod to Harley-Davidson’s XR750 flat tracker. A round, 4-inch TFT screen displays all instrumentation and supports Bluetooth-enabled infotainment. All-LED lighting includes a Daymaker Signature LED headlamp, a similar front headlight from the Harley-Davidson Fat Bob. Once it’s launched in India, we expect the new Sportster S to be priced at around ₹ 14-15 lakh (Ex-showroom).

  • Apple reportedly accelerates ‘Project Titan’ as fully self-driving car could arrive by 2025

    Apple reportedly accelerates ‘Project Titan’ as fully self-driving car could arrive by 2025

    It might not fit in your pocket, but you might consider the Apple Car to be a mobile product. And today Apple has decided to produce a car that will be able to drive without any help from humans. Apple reportedly had been deciding between producing a car with limited self-driving capabilities similar to models currently available, and an auto that requires no human intervention.

    Sources familiar with the situation told Bloomberg that under team leader and VP of technology Kevin Lynch, Apple is working to take humans out of the equation right off the bat with its first vehicle. And we might see the Apple Car released as soon as 2025. But today’s report says that this date can change and Apple also could decide to offer limited autonomy (steering and acceleration) with its first model if need be.

    Many inside the team are not optimistic that the product will be available to consumers as soon as 2025. The timeline is aggressive and Apple still needs to find partners to help it build the vehicle. Still, investors liked the sound of what they were hearing and Apple’s shares hit an all-time high today of $158.40, up over 3% on the day.

    Apple has called its work on a self-driving car “Project Titan” as it competes with Tesla and others who are racing to complete what is obviously a complex task. Still, the company has shaved some years off of its timeline from the five-to-seven years that Apple engineers had been planning to the four years mentioned in today’s report. Apple’s car would be expected to go without a steering wheel and a large iPad-like touchscreen would be placed in the middle of the vehicle for the passengers to use.

    In case of an emergency, Apple has considered the inclusion of an emergency takeover mode. The company also has finished much of the work required to develop the chip needed to, uh, drive the car. The same team inside Apple that designed the chips used on the iPhone, iPad, and Mac did the work for the car’s processors instead of the Project Titan team. This component is the most advanced ever designed by Apple and consists mostly of neural processes needed for the vehicle to self-drive.

    Apple is also looking to include stronger safeguards for its self-driving cars than those available from Tesla and Waymo. This includes layers of backup systems just in case something in the car fails while it is going 65 miles per hour on the highway with your family inside. The tech giant is looking to hire engineers to develop test and safety features related to Project Titan.

    A recent job posting for engineers says, “The Special Projects Group is seeking an accomplished mechanical engineer to lead the development of mechanical systems with safety-critical functions. You will use your passion for figuring things out to help design safety systems and to lead the testing and countermeasure of those systems.” Apple also recently hired Tesla’s former self-driving software director CJ Moore.

    Another Apple job listing for software engineers mentions that those hired will work on “experiences for human interaction with autonomous technology.” The listing also hints that the software being developed will be based on similar technology used on the iPhone’s iOS operating software.

    Apple also has talked about using the combined charging system (CCS) to power up the vehicle allowing it to be used with a “global network of chargers.” This would be a big change from the firm’s current use of its proprietary Lightning charging platform used for the iPhone and iPad.

    With Apple looking to sell the cars for individual ownership, it will have to develop a global network of dealers, repair centers, and more. Apple might also be counting on more availability of faster 5G signals in order to make sure that there is no lagging with the mapping and navigation systems that will be used for the vehicle.

  • Volkswagen Powers Up The Grid To Take On Tesla

    Volkswagen Powers Up The Grid To Take On Tesla

    Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure. By ensuring there are enough fast-charging plugs – and enough power – for the EVs it wants to sell, Europe’s biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.

    Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla. In the job since January, Temme, 53, has been tasked with bundling the carmaker’s various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.

    Getting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen’s European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview. “We’re investing in huge growth areas that don’t always have to be profitable right away. We always see these investments in the overall context of our group strategy,” she said. “That’s why building up a comprehensive infrastructure is key.”

    Temme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla’s Powerwall. Volkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.

    But when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do. Tesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes. The company said in October that its own network has doubled in the past 18 months – and will triple over the next two years.

    Volkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 – when it aims to overhaul Tesla as the global EV market leader – with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America. Volkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then. But that’s a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.

  • VinFast announces US headquarters in Los Angeles

    VinFast announces US headquarters in Los Angeles

    VinFast on Wednesday announced its U.S. headquarters will be located in Los Angeles, California, affirming its goal to become a global automaker spearheaded by electric vehicles.

    The company’s U.S. headquarters is located in the Playa Vista area – a neighborhood known as “Silicon Beach” and packed with tech firms in Los Angeles.

    “We are so proud to welcome VinFast to our city as we continue leading the way to a better-connected, cleaner, and more sustainable transportation future,” said Los Angeles Mayor Eric Garcetti.

    The headquarters is over 15,000 square feet (1,393 square meters) with room to expand.

    VinFast intends to establish its management team and hire more than 400 employees at its headquarters and a regional office in Los Angeles within the next several years.

    In addition to its corporate headquarters in Los Angeles, VinFast is investing in regional offices, a call center, and a network of storefronts to help introduce the brand and products to American customers.

    VinFast’s decision to place its U.S. headquarters in California was due in part to a $20.5 million tax credit awarded by the California Governor’s Office.

    The California government’s announcement, released on Nov. 5, builds on VinFast’s investment of more than $200 million in its initial phase in California, thus creating over 1,000 new, full-time jobs statewide.

    VinFast, a unit of Vietnam’s conglomerate Vingroup, will officially debut two of its first electric vehicles, the VF e35 and VF e36, at Los Angeles Auto Show that begins this week.

  • REE Unveils Leopard, A Fully Autonomous Concept Vehicle

    REE Unveils Leopard, A Fully Autonomous Concept Vehicle

    REE Automotive revealed its autonomous concept vehicle based on a brand new ultra-modular EV platform design. The full-scale concept is geared for customers including last-mile autonomous and electric delivery companies, delivery fleet operators, e-retailers, and technology companies seeking to build fully autonomous solutions.

    Leopard’s design and specifications are the results of collaborative work with leading global delivery and technology companies focused on autonomous delivery and Mobility as a Service (MaaS) fleets. The concept vehicle is 3400 mm in length with front-wheel-steer, rear-wheel-drive, and has a 2-tonne gross vehicle weight.

    Leopard – the last mile autonomous concept vehicle – is designed to carry significantly more cargo due to REE’s low, flat floor. This means improved environmental impact of fewer trips in fewer vehicles, backed by a strong cost of ownership (TCO) structure: each vehicle in the fleet will be less expensive to run and maintain due to reduced energy cost and improved serviceability, leading to lower maintenance costs.

    Daniel Barel, REE co-founder, and CEO said, “Autonomous and electric vehicles ‘Powered by REE’ offer unsurpassed operational efficiency and the lowest total cost of ownership combined with full flexibility when it comes to integrating top hats in virtually any size, shape or form. We’re here to make the shift to a carbon-neutral future a reality faster and at scale.”