Navya and REE Automotive Announce That They Have Signed an Agreement to Develop a Level 4 Autonomous Procedure Which includes REEcorner Engineering and Navya Self-Driving Solutions

VILLEURBANNE, France & TEL AVIV, Israel–(Company WIRE)–Regulatory Information:

Navya (FR0013018041- Navya) (Paris:NAVYA), a top company in autonomous driving techniques and REE Automotive (“REE”), a chief in e-Mobility, announce that they have signed an arrangement to collaborate in the growth of a amount 4 autonomous program together with REEcorner engineering and Navya self-driving methods.

REE is revolutionizing the e-Mobility business as a result of its really modular and disruptive REEcorner technological innovation which integrates critical car elements (steering, braking, suspension, powertrain and command) into the arch of the wheel. REE’s proprietary x-by-wire technological know-how difficulties century-previous automotive concepts by staying agnostic to motor vehicle measurement and style and design, power-source and driving mode (human or autonomous). Platforms utilizing REEcorners can current significant functional and operational benefits above traditional EV “skateboards” at the moment obtainable in the market.

Navya is a major player in degree 4 autonomous driving systems for passenger and goods transportation. Considering that 2015, Navya autonomous mobility answers have been 1st to current market and initially to on-street services in genuine problems. The Autonom® Shuttle, primary advancement platform, is focused to passenger transport. Considering that its launch, more than 180 models have been bought in 23 international locations, as of 31 December, 2020. The Autonom® Tract is made for products transportation.

The future generation of amount 4 autonomous mobility answers:

Run by REE, Pushed by Navya, the co-developed subsequent technology stage 4 autonomous technique will be intended as a significant typical, condition of the art autonomous mobility option with key aggressive rewards looking at top quality, price and overall performance. Protection 1st rules will be implemented dependent on very high Protection prerequisites with regards to ISO 26262:2018 and ISO/PAS 21448:2019.

Daniel Barel, Co-Founder and CEO of REE Automotive, remarks: “The mix of our mutual abilities will empower game-modifying autonomous mobility remedies that transport travellers and goods successfully and cost-efficiently while fully complying with rigorous protection requirements. We are delighted to transfer ahead on a partnership with Navya. This collaboration of REE’s corner know-how aligns flawlessly with Navya’s technique of giving regular advancement for its autonomous driving alternatives”.

Etienne Hermite, CEO of Navya, concludes: “We are extremely happy to have signed this arrangement with REE Automotive, which is a main player in automotive technology. This partnership is entirely in line with Navya’s strategy of deploying degree 4 autonomous driving techniques with safe and sound drive factors (steering, braking, suspension, powertrain and management) into the arch of the wheels. This partnership will enrich unlocks fantastic opportunities to make a number of new degree 4 autonomous type factors with the perspective to deal with distinctive use instances”.

About Navya

Made in 2014, Navya is a major title specialized in the source of autonomous driving programs and associated providers. With 280 workers in France (Paris and Lyon), in the United States (Saline, Michigan) and in Singapore, Navya aims to come to be the leading player in degree 4 autonomous driving devices for passenger and merchandise transportation. Considering the fact that 2015, Navya autonomous mobility alternatives have been to start with to sector and to start with to on-road company. The Autonom® Shuttle, major progress system, is committed to passenger transport. Due to the fact its launch, additional than 180 units have been bought in 23 nations, as of 31 December, 2020. The Autonom® Tract is made for items transport. The Valeo and Keolis teams are among Navya’s historical shareholders.

Navya is stated on the Euronext controlled current market in Paris (ISIN code: FR0013018041- Navya). For additional information and facts check out: www.navya.tech/en

About REE Automotive

REE is an automotive technology leader developing the cornerstone for tomorrow’s zero-emission automobiles. REE’s mission is to empower global mobility corporations to build any measurement or shape of electrical or autonomous auto – from course 1 as a result of course 6 – for any software and any target sector. Our innovative, award-successful REEcorner know-how packs regular car or truck drive parts (steering, braking, suspension, powertrain and regulate) into the arch of the wheel, making it possible for for the industry’s flattest EV platform. Unrestricted by legacy wondering, REE is a definitely horizontal participant, with technologies relevant to the widest variety of goal marketplaces and purposes. Absolutely scalable and wholly modular, REE offers several buyer gains together with comprehensive automobile layout liberty, a lot more place and volume with the smallest footprint, decrease TCO, faster enhancement moments, ADAS compatibility, reduced routine maintenance and world-wide basic safety conventional compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the Usa, the Uk and Germany. REE has a exceptional CapEx-mild producing design that leverages its Tier 1 partners’ current production strains. REE’s engineering, with each other with their special benefit proposition and dedication to excellence, positions REE to crack new floor in e-Mobility. For additional info stop by https://www.ree.automobile

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