REE Automotive shares surge 12.25% intraday after strategic collaboration with Mitsubishi Fuso on software-defined vehicle technology.

REE Automotive surged 12.25% intraday following the announcement of a strategic collaboration with Mitsubishi Fuso Truck and Bus Corporation to develop software-defined vehicle (SDV) technology. The partnership, formalized through a memorandum of understanding, involves integrating REE’s zonal SDV architecture and x-by-wire (XBW) technology into Mitsubishi Fuso’s eCanter electric truck. This initiative aims to accelerate Mitsubishi Fuso’s transition to cloud-connected, upgradable commercial vehicles and positions REE as a potential supplier for future platforms. The collaboration highlights REE’s scalable, AI-driven SDV solutions, which reduce hardware complexity and enable over-the-air updates, aligning with growing industry demand for smarter, autonomous vehicle technologies. The news, emphasizing REE’s role in next-generation logistics and its first-mover advantage in FMVSS-certified by-wire systems, likely drove investor optimism.