Industry heavyweight Mitsubishi Fuso has signed a deal with electric van startup REE Automotive to co-develop software-defined and x-by-wire technology for the next-generation of medium-duty delivery vehicles.
REE Automotive has been somewhat quiet recently, primarily working behind-the-scenes to raise its stock price back into NASDAQ compliance – and the newly-announced strategic partnership with Mitsubishi Fuso to collaborate and a develop software-defined vehicle (SDV) for the Japanese brand that utilizes REE’s existing SDV architecture and x-by-wire “smart corner” technology (XBW) should go a long way towards building some confidence in the Tel Aviv-based company’s long-term prospects.
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