The EV platform manufacturer announced two major appointments: Rajesh Goel as member of the Board of Directors; and Hai Aviv as Chief Financial Officer.

From a factory in Metro Detroit, Roush will set up production of the by-wire vehicles for the American market, aiming for annual capacity of 5,000 units.

With Motherson’s network and free capital raised through a new funding round, REE intends to scale up production of its ‘REEcorner’ electric drive modules and its ‘P7’ battery electric trucks.

Imagry’s self-driving technology employs vision-based perception, using 11 cameras installed around the bus. This is combined with real-time mapping capabilities which negate the need for pre-downloaded HD maps; the software learns its environment as the vehicle navigates and receives visual information from the cameras.

Redesign, reinvent, reimagine: whole new ways of approaching the old problems of engineering and producing a saleable vehicle are encapsulated in two letters, ‘re–’, a tiny prefix which carries a lot of semantic weight. It was while mulling over the possibilities of “redesigning”, “reinventing”, and “reimagining” the traditional business model that co-founder and CEO Daniel Barel came up with the name REE Automotive for his startup firm, originally established in 2011 and now a public company with business premises in Israel, the UK, and the USA.

2,300,000 Class A ordinary shares were sold during the underwritten public offering, which closed on 6 March, at a price of USD6.50 per share.

REE claims the P7-C is the very first vehicle to be certified to Federal Motor Vehicle Safety Standards and Environmental Protection Agency standards to feature steer-by-wire, brake-by-wire, and drive-by-wire technology.

Rose replaces former chairman Arik Steinberg, who is stepping down from REE’s Board of Directors.

The company now aims to acquire certificates from FMVSS, as well as the California Air Resources Board and the Environmental Protection Agency, before the end of the year, making its ‘P7’ vehicles roadworthy and eligible for incentives.

The vehicle presented at the show was a first demonstrator, but Schaeffler and VDL have plans to produce more, with the aim of commencing customer pilots in Germany in 2025.

Why do tech startups tend to concentrate in certain countries and regions? Or, to put it another way, why are some places more favourable to the growth of new companies than others? These are questions that bear greater relevance to the commercial vehicle industry today, as manufacturers search for partners to work with on the digital technologies which will make our trucks and buses smarter and more connected.

Following its partnership agreement with REE, Knapheide will now be upfitting ‘P7-C’ cab chassis with bodies on a made-to-order basis.