AAM and REE Automotive to Jointly Develop New Electric Propulsion System for e-Mobility

AAM and REE Automotive to Jointly Develop New Electric Propulsion System for e-Mobility
DETROIT and TEL AVIV, May 7, 2021 – American Axle & Manufacturing Inc. (AAM) [NYSE: AXL], a leading global Tier 1 automotive supplier of driveline and metal forming technologies, and REE Automotive (“REE”), a leader in e-Mobility, today announce that the companies have agreed to jointly develop an exciting new electric propulsion system for e-Mobility. REE is in the process of merging with 10X Capital Venture Acquisition Corp (“10X SPAC”) (NASDAQ:VCVC), a special purpose acquisition...

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