This will require the integration of wireless technology into new commercial vehicles released in the market in the future as well as the collaboration to shape the standardisation of wireless EV charging.

The company said it ended the year with liquidity of USD154m, which it believes will be enough to kickstart production of its ‘P7’ modular electric vehicle platform later this year.

REE has also entered into an agreement with Mitsubishi HC Capital America, which has committed to provide financing to its North American dealers and to help REE expand its distribution network further.

According to the terms of the supply and purchase agreement between the two companies, Microvast will provide ‘MV-C Gen 4’ battery packs to REE for its CV platform for weight classes 1 to 6.

Hyundai is the first manufacturer to series build HFC trucks with vehicles currently used for commercial operations in Germany, Switzerland and New Zealand.

Torc Robotics will use 'Foretify', a package of scenarios, test plans, map data, and key performance indicators for simulated testing of its autonomous driving software.

IOC Phinergy Private Ltd (IOP) India-Israeli JV to work with Hindalco in India to develop and supply Phinery Aluminium-Air battery technology to the Indian EV marketplace.

The 'P7-B', built on REE Automotive's drive-by-wire modular electric platform at MIRA Technology Park, is targeted at the growing mid- and last-mile delivery market.

The 'Proxima' is a Class 5 walk-in step van powered by REE Automotive's 'P7' modular platform, with a body built by Poindexter subsidiaries EAVX and Morgan Olson.

An undisclosed sum has been invested in Optibus, a software developer specialising in public transportation management tools for planning workable routes, timetables and rotas.

The Israeli firm is currently preparing a 130,000-sq-ft facility for the production of 'P7' Class 3-5 commercial electric vehicle platforms in Coventry, UK, which will be followed by another site in Texas, USA.

The Israeli designer of zero-emission vehicle platforms has appointed Josh Tech as Chief Operations Officer, replacing Michael Charlton, who will now serve as strategic advisor on manufacturing.