Navya & REE Automotive Announce That They Have Signed an Agreement to Develop a Level 4 Autonomous System Including REEcorner...
19 Aprile 2021 - 6:40PM
Business Wire
Regulatory News:
Navya (FR0013018041- Navya) (Paris:NAVYA), a leading company in
autonomous driving systems and REE Automotive (“REE”), a leader in
e-Mobility, announce that they have signed an agreement to
collaborate in the development of a level 4 autonomous system
including REEcorner technology and Navya self-driving
solutions.
REE is revolutionizing the e-Mobility industry through its
highly modular and disruptive REEcorner technology which integrates
critical vehicle components (steering, braking, suspension,
powertrain and control) into the arch of the wheel. REE’s
proprietary x-by-wire technology challenges century-old automotive
concepts by being agnostic to vehicle size and design, power-source
and driving mode (human or autonomous). Platforms utilizing
REEcorners can present significant functional and operational
advantages over conventional EV “skateboards” currently available
in the market.
Navya is a leading player in level 4 autonomous driving systems
for passenger and goods transport. Since 2015, Navya autonomous
mobility solutions have been first to market and first to on-road
service in real conditions. The Autonom® Shuttle, main development
platform, is dedicated to passenger transport. Since its launch,
more than 180 units have been sold in 23 countries, as of 31
December, 2020. The Autonom® Tract is designed for goods
transport.
The next generation of level 4 autonomous mobility
solutions: Powered by REE, Driven by Navya, the co-developed
next generation level 4 autonomous system will be designed as a
high standard, state of the art autonomous mobility solution with
key competitive advantages considering quality, cost and
performance. Safety first principles will be implemented based on
very high Safety requirements with regards to ISO 26262:2018 and
ISO/PAS 21448:2019.
Daniel Barel, Co-Founder and CEO of REE Automotive,
comments: "The combination of our mutual expertise will enable
game-changing autonomous mobility solutions that transport
passengers and goods efficiently and cost-effectively while fully
complying with rigorous safety standards. We are delighted to move
forward on a partnership with Navya. This collaboration of REE’s
corner technology aligns perfectly with Navya’s strategy of
providing constant improvement for its autonomous driving
solutions".
Etienne Hermite, CEO of Navya, concludes: "We are
very pleased to have signed this agreement with REE Automotive,
which is a major player in automotive technology. This partnership
is fully in line with Navya's strategy of deploying level 4
autonomous driving systems with safe drive components (steering,
braking, suspension, powertrain and control) into the arch of the
wheels. This partnership will enhance unlocks fantastic
opportunities to create multiple new level 4 autonomous form
factors with the view to address different use cases".
About Navya Created in 2014, Navya is a leading name
specialized in the supply of autonomous driving systems and
associated services. With 280 employees in France (Paris and Lyon),
in the United States (Saline, Michigan) and in Singapore, Navya
aims to become the leading player in level 4 autonomous driving
systems for passenger and goods transport. Since 2015, Navya
autonomous mobility solutions have been first to market and first
to on-road service. The Autonom® Shuttle, main development
platform, is dedicated to passenger transport. Since its launch,
more than 180 units have been sold in 23 countries, as of 31
December, 2020. The Autonom® Tract is designed for goods transport.
The Valeo and Keolis groups are among Navya's historical
shareholders.
Navya is listed on the Euronext regulated market in Paris (ISIN
code: FR0013018041- Navya). For more information visit:
www.navya.tech/en
About REE Automotive REE is an automotive technology
leader creating the cornerstone for tomorrow’s zero-emission
vehicles. REE’s mission is to empower global mobility companies to
build any size or shape of electric or autonomous vehicle – from
class 1 through class 6 – for any application and any target
market. Our revolutionary, award-winning REEcorner technology packs
traditional vehicle drive components (steering, braking,
suspension, powertrain and control) into the arch of the wheel,
allowing for the industry’s flattest EV platform. Unrestricted by
legacy thinking, REE is a truly horizontal player, with technology
applicable to the widest range of target markets and applications.
Fully scalable and completely modular, REE offers multiple customer
benefits including complete vehicle design freedom, more space and
volume with the smallest footprint, lower TCO, faster development
times, ADAS compatibility, reduced maintenance and global safety
standard compliance. Headquartered in Tel Aviv, Israel, with
subsidiaries in the USA, the UK and Germany. REE has a unique
CapEx-light manufacturing model that leverages its Tier 1 partners’
existing production lines. REE’s technology, together with their
unique value proposition and commitment to excellence, positions
REE to break new ground in e-Mobility. For more information visit
https://www.ree.auto
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version on businesswire.com: https://www.businesswire.com/news/home/20210419005733/en/
Navya Marketing & Communication Manager
Mélanie Voron melanie.voron@navya.tech +33 (0)6 68 23 82
84
Navya Chief Strategy and Development Officer
Pierre Lahutte pierre.lahutte@navya.tech
NewCap Investor relations Thomas Grojean navya@newcap.eu
+33 (0)1 44 71 98 55
REE Automotive Chief Marketing Officer Keren
Shemesh Kerens@ree.auto +972-54-5814333
Public Relations media@ree.auto
Investor Relations investors@ree.auto