Samvardhana Motherson, a leading global automotive component manufacturer, is set to acquire an 11% stake (up to 19% on a non-diluted basis) in REE Automotive. The investment, amounting to $15 million (₹125 crore), will be made through Samvardhana Motherson International Ltd (SAMIL) and its subsidiary MSSL Consolidated Inc.
REE Automotive, based in Israel, specializes in electric vehicle platforms and EVs, and is listed on Nasdaq. The company is known for its REEcorner module, which integrates essential vehicle components—steering, braking, suspension, powertrain, and control—into a single compact unit positioned between the chassis and the wheel. This design enables the creation of ultra-flat EV platforms, offering more space for passengers, cargo, and batteries. REE’s platforms are designed to support autonomous capabilities, low total cost of ownership, and faster market entry for electrified fleets.
REE Automotive operates manufacturing facilities in Coventry, UK, and Austin, Texas, USA, and holds a portfolio of 175 global patents related to its technology. SAMIL will also enter into a supply chain management agreement with REE Automotive to enhance the company’s industrialization and manage the supply chain efficiently.
In August 2020, Mahindra & Mahindra signed a memorandum of understanding with REE Automotive to explore electric commercial vehicle development. REE Automotive’s order book includes a commitment to deliver 600 trucks by 2025. SAMIL plans to leverage its manufacturing capabilities for the REEcorner Module and support full vehicle assembly, including P7 electric trucks in the USA.
