REE Automotive Named CES 2025 Innovation Award Honoree for Software-Defined Vehicle Technology
-The P7-S stripped chassis is a software-defined Class 4-5 electric vehicle (EV) platform that is fully by-wire, autonomous-ready and aims to be the basis for the auto industry to build software-defined vehicles (SDV) -Currently, the P7-S is being evaluated by U-Haul as their first EV solution TEL AVIV, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) — […]
REE Automotive to Report Third Quarter 2024 Financial Results on December 17, 2024
TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its third quarter 2024 financial results before the market opens on Tuesday, December 17, 2024. A webcast and conference call will be held […]
REE Automotive Strengthens Executive Leadership Team and Board of Directors with Two Key Appointments
TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at Motherson Group (“Motherson”), to its board of directors and announced the return of Hai Aviv […]
REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results
$45.35 Million Funding Secured, Strategic Manufacturing Agreement with Motherson, U.S. Production Kicked Off, Continued Demand Drives Orderbook to $60 Million Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needs Signed strategic agreement with Motherson, a global automotive supplier, to strengthen REE’s supply chain management and cost structure, improve working […]
REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer
Production of P7 electric truck line-up to begin Q4 2024 at Roush’s facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks. Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit. Faster production ramp up, improved unit […]
REE Automotive to Report Second Quarter 2024 Financial Results on September 26, 2024
TEL AVIV, Israel, Sept. 18, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its second quarter 2024 financial results before the market opens on Sept. 26, 2024. A webcast and conference call will be held on […]
REE Automotive Announces Global Manufacturing Agreement with Leading Automotive Supplier Motherson Group Making Strategic Investment in a $45.35 Million Registered Direct Offering Led By M&G
Motherson is a global engineering and manufacturing specialist and one of the world’s leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries. Combining Motherson’s manufacturing expertise and supply chain might with REE’s market-leading software-defined EV product line-up […]
Over 50,000 Government and Education Entities Can Now Purchase REE’s Software-Defined Electric Truck Through Sourcewell Contract
REE’s P7-C software-defined Class 4 electric vehicles are now available for purchase in all 50 states through a 4-year contract awarded to National Auto Fleet Group Sourcewell is a government agency dedicated to streamlining the procurement process by fulfilling the bidding requirements on behalf of their members REE is ready to take orders immediately from […]
REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus
Penske Truck Leasing begins to offer Powered by REE® Electric Vehicles to its customers U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the electrification of its fleet Airbus and REE collaborate on an autonomous program utilizing REE’s P7-C full by-wire and autonomous-ready technology, which opens REE […]
REE Unveils a Next Gen Software-Driven Electric Commercial Vehicle Platform Designed with Leading Delivery Fleet
– The P7-S, the next generation class 5 stripped chassis, utilizing P7 REEcorners® to enable a fully-flat platform with low step-in height, modular configuration, high payload, and revolutionary all wheel steer – The new software–driven stripped chassis allows OEMs and fleet owners to upgrade their current platform to full by-wire – Customer delivery of the […]