REE Automotive and Mitsubishi Fuso Truck and Bus Corporation Sign MOU for Software-Defined Vehicle Technology
MWN-AI** Summary
REE Automotive Ltd. has initiated a strategic collaboration with Mitsubishi Fuso Truck and Bus Corporation, formalized through a memorandum of understanding (MoU). This partnership aims to advance the development of software-defined vehicle (SDV) technologies, reflecting a significant shift in Mitsubishi Fuso’s strategy toward creating smarter, safer, and upgradable trucks.
The collaboration includes evaluating REE's zonal SDV architecture and x-by-wire (XBW) technologies, with REE potentially becoming a supplier for Mitsubishi Fuso's future vehicle platforms. A one-year evaluation phase is already underway, focusing on integrating REE’s SDV technology into the Mitsubishi Fuso eCanter, a pioneering electric truck that embodies eco-friendly operational requirements.
The CEO of REE, Daniel Barel, expressed enthusiasm about the alliance, highlighting the transformative potential of software-defined vehicles for industry innovation and safety through continuous updates powered by artificial intelligence. Mitsubishi Fuso’s Head of Product Engineering, Hironobu Ando, echoed these sentiments, emphasizing the shared goal of addressing social challenges, including global warming and traffic accidents.
REE’s technology promises to streamline integration with fewer hardware complexities. Its zonal architecture provides a robust foundation for features such as built-in cybersecurity, AI-driven serviceability, and regular over-the-air updates. Furthermore, the partnership aims to accelerate the deployment of next-generation commercial vehicles while maintaining a commitment to safety and performance.
Mitsubishi Fuso, with a legacy of over 90 years in the commercial vehicle market and a strong commitment to innovation, is eager to leverage the capabilities of REE to enhance its product offerings. The collaboration has the potential to redefine logistics solutions and accelerate the adoption of electric vehicles in the commercial transportation sector.
MWN-AI** Analysis
The recent memorandum of understanding (MoU) between REE Automotive and Mitsubishi Fuso Truck and Bus Corporation marks a significant step in the evolution of the commercial vehicle sector towards more sophisticated software-defined vehicle (SDV) technologies. This collaboration is poised to accelerate the adoption of smarter and more connected trucks, aligning with the growing global demand for sustainable and innovative mobility solutions.
REE Automotive, a leader in SDV technology, will leverage its zonal SDV architecture and x-by-wire technologies to enhance Mitsubishi Fuso’s portfolio, notably with the integration into the eCanter electric truck. This partnership provides REE an opportunity to solidify its position as a supplier for Mitsubishi Fuso’s future vehicle architectures, which could drive considerable revenue as the commercial vehicle market increasingly shifts towards advanced electrification and automation.
From an investment perspective, this collaboration suggests a potentially bullish outlook for REE Automotive. As the demand for commercial electric vehicles rises, driven by regulatory pressures and shifts in consumer preferences, companies that adapt quickly will likely outperform. The integration of over-the-air (OTA) updates and AI capabilities in REE’s technology not only optimizes maintenance and operation but also appeals to fleet managers' interests in reducing total cost ownership.
Moreover, Mitsubishi Fuso, backed by Daimler Truck AG, brings a wealth of experience and established market presence, enhancing the credibility of REE's technology. Investors should closely monitor developments during the one-year evaluation phase, as successful outcomes could lead to expanded partnerships and increased production for both entities, offering a competitive edge in the expanding commercial EV landscape.
Overall, this collaboration signifies a pivotal trend in automotive innovation, creating opportunities for investors while steering both companies towards future growth in a transitioning market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Mitsubishi Fuso is collaborating with REE as part of an acceleration strategy to shift into software-defined trucks that are smarter, safer, and upgradable over-the-air
- Mitsubishi Fuso is evaluating REE’s SDV and x-by-wire technologies for REE to serve as a potential supplier of a future vehicle platform
- The joint project has commenced and REE has begun integrating its SDV technology into a Mitsubishi Fuso eCanter electric truck
TEL AVIV, Israel, Nov. 18, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company that develops software-defined vehicle (SDV) technology solutions, today announced a strategic collaboration with Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso) through a memorandum of understanding (MoU) 1 to collaborate and develop a software-defined vehicle (SDV) using REE’s zonal SDV architecture and x-by-wire (XBW) technology. A one-year evaluation phase has commenced with the two companies working together to convert a Mitsubishi Fuso eCanter electric truck into an SDV, powered by REE’s Zonal Architecture SDV technology. This collaboration permits Mitsubishi Fuso to assess the benefits of REE technology for its next-generation commercial vehicles and accelerate its shift to smarter, safer, and upgradable cloud-connected software-defined trucks. It will also evaluate REE as a supplier for Mitsubishi Fuso’s future product line for a scalable platform based on REE’s XBW and SDV architecture.
“We are proud to collaborate with the exceptional team at Mitsubishi Fuso, aligning our shared vision for innovation in next-generation commercial vehicles. Together, we are committed to delivering smarter, safer solutions,” said Daniel Barel, Co-founder and CEO of REE. “Software-defined vehicles represent a transformative leap, enabling faster development of next-generation commercial vehicles through continuous AI-powered over-the-air (OTA) updates. By leveraging both companies’ strengths, we believe that we have a unique opportunity to set a new industry benchmark for commercial vehicles that support autonomous solutions.”
Mitsubishi Fuso, a Japanese commercial vehicle manufacturer and a group company of Daimler Truck AG, selected REE’s software-defined by-wire technology for its demonstrated performance, scalability, and readiness for next-generation vehicle architectures. REE’s Zonal Architecture ECU design simplifies integration and reduces hardware complexity to allow OEMs to standardize across multiple vehicle platforms. The system’s built-in cybersecurity, AI-driven serviceability, and continuous OTA updates are designed to provide a future-proof foundation for autonomous and connected capabilities. With ISO 26262 functional safety compliance underway and a fully-developed certified commercial truck, REE offers Mitsubishi Fuso a tested, road-ready SDV solution that is designed to accelerate time to market without compromising safety or performance. In designing its SDV technology to reduce downtime, lower total cost of ownership, and unlock new data-driven revenue, REE aims to empower OEMs and fleets to build smarter, safer, and more connected vehicles.
“We believe that by combining Mitsubishi Fuso’s autonomous driving and ZEV technologies with REE’s XBW and SDV technologies, we can realize superior logistics solutions,” said Hironobu Ando, Head of Product Engineering at Mitsubishi Fuso. “We are very pleased to work together with REE to address social issues such as global warming, traffic accidents, and driver shortages.”
REE Automotive drives the future of software-defined vehicles with proprietary x-by-wire technology, first deployed in the P7-C, the first FMVSS-certified by-wire commercial truck in the U.S. REE’s zonal architecture, featuring high-performance ECUs, over-the-air software updates, cloud-based AI intelligence, and fleet management services, is designed to simplify development, accelerate innovation, and scale production globally.
Mitsubishi Fuso at a Glance
Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso) is a commercial vehicle manufacturer based in Kawasaki City, Japan. 89.29% of its shares are owned by Daimler Truck AG and 10.71% by various Mitsubishi group companies. Mitsubishi Fuso provides trucks, buses and industrial engines under the FUSO brand with a longstanding history of over 90 years, serving approximately 170 markets worldwide. Mitsubishi Fuso proactively develops cutting-edge technologies such as electrification, with its eCanter being Japan’s first mass-produced electric light-duty truck. Mitsubishi Fuso’s heavy-duty Super Great Truck was also the first of its kind in Japan to include SAE Level 2-equivalent automated driving support technology, now a benchmark in the Japanese commercial vehicle market.
About the eCanter
The eCanter is the Japanese market’s first series-produced, all-electric truck (battery EV truck) introduced by Mitsubishi Fuso in 2017 With zero greenhouse gas emissions, it contributes to CO 2 reduction, a major global issue. The eCanter is suited to inner-city routes as well as operations during late night and early morning hours, due to lower noise and vibration levels unique to EV trucks. The fully remodeled new eCanter launched in March 2023 caters to more diverse business needs with expanded chassis selections, body applications and cruising ranges. In addition to existing markets including Japan, 31 countries and regions in Europe and Oceania, Mitsubishi Fuso is expanding available overseas markets of eCanter including Asian markets such as Indonesia and Taiwan, Middle East and South America.
About REE Automotive
REE Automotive (Nasdaq: REE) is an automotive technology company that develops and produces software-defined vehicle (SDV) technology designed to manage vehicle operations and features through proprietary software. REE’s advanced Zonal SDV Architecture is designed to integrate seamlessly with legacy systems to improve vehicle safety, performance, and reliability. By centralizing key vehicle functions, the architecture seeks to enhance modularity, redundancy, and stability, and to enable safer and more efficient vehicle platforms. Powered by secured AI and deep over-the-air upgradability, REE’s technology allows for continuous updates and improvements throughout a vehicle’s lifespan. This makes Powered by REE® vehicles adaptable to customer and market changes and designed with future autonomy and connectivity in mind. REE was the first company to FMVSS certify a full by-wire vehicle in the U.S. Its proprietary by-wire technology for drive, steer, and brake control removes the need for mechanical linkages, supporting flexible design and optimized performance. Through its approach of “complete not compete,” REE enables original equipment manufacturers and technology companies to license its SDV technology, allowing them to design and build vehicles tailored to their specific requirements using REE’s scalable, future-ready platform. www.REE.auto
Media Contact
Keren Shemesh
Chief Marketing Officer for REE Automotive
info@REE.auto
Info@ree.auto
Investor Contact
Hai Aviv
Chief Finance Officer for REE Automotive
investors@REE.auto
Caution About Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, among others, statements regarding Mitsubishi Fuso’s evaluation of REE’s zonal SDV architecture and x-by-wire technology capabilities for its vehicles and platforms; Mitsubishi Fuso’s collaboration with REE on a software-defined vehicle using REE’s zonal SDV architecture and x-by-wire technology; the evaluation of REE as a supplier for Mitsubishi Fuso’s future vehicle product line for a scalable platform; and setting a new industry benchmark for commercial vehicles that support autonomous solutions. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Factors that could cause actual results to differ are discussed in the sections entitled “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors”, and “Operating and Financial Review and Prospects” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025, as updated by the REE’s subsequent filings with the SEC. In addition, the memorandum of understanding contains aspects that are non-binding and different project phases, which may not occur and/or result in successful completion. The forward-looking statements in this press release speak only as of the date of this press release, and we undertake no obligation to update any forward-looking statements.
1 This memorandum of understanding is non-binding, however it includes certain binding purchase orders.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a7b68a92-835c-4f8a-b674-e8060942900b
FAQ**
How will REE Automotive Ltd.'s proprietary Zonal Architecture enhance the operational efficiency and performance of Mitsubishi Fuso's eCanter electric truck during the evaluation phase of this collaboration?
In what specific ways does REE Automotive Ltd. plan to utilize its x-by-wire technology to reduce hardware complexity and improve the safety and reliability of Mitsubishi Fuso's future vehicle platforms?
What potential metrics or benchmarks will Mitsubishi Fuso use to assess the success of REE Automotive Ltd. REE's technology integration during the one-year evaluation phase for the SDV transformation?
How do both Mitsubishi Fuso and REE Automotive Ltd. envision addressing key social issues like climate change and driver shortages through the development of smarter, cloud-connected commercial vehicles?
**MWN-AI FAQ is based on asking OpenAI questions about REE Automotive Ltd. (NASDAQ: REE).
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