REE Automotive Ltd

REE Automotive Ltd. operates as an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. The firm's EV platforms are designed to provide customers with complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower total cost of ownership and comply with zero-carbon regulations. It operates through the following segments: REE and the Softwheel segment. The REE segment includes the activity related to the development of the REE platform. The Softwheel segment included the activity related to production and selling of wheels for personal mobility. The company was founded by Daniel Barel and Ahishay Sardes on January 16, 2011 and is headquartered in Herzliya, Israel.

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REE Automotive impresses with innovative trucks and revenue growth outlook

REE Automotive's Q1 2024 performance reflects strong momentum, innovative technology, and promising market acceptance. While facing challenges in scaling production and financing, the company's strategic partnerships and manufacturing plans position it for growth. With a solid order book and revenue expectations, REE has opportunities to capitalize on market demand and advance its technology applications.

REE Automotive reports improved Q2 performance and strategic partnerships

REE Automotive's Q2 2024 performance showed significant improvement in net loss reduction and liquidity position, driven by strategic initiatives and partnerships.
While challenges such as production scalability and cost efficiencies persist, opportunities in partnerships and market demand present avenues for growth.
Analyst inquiries highlighted areas for improvement, emphasizing the need for effective execution and strategic decision-making to capitalize on opportunities.

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REE Automotive Ltd. operates as an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. The firm's EV platforms are designed to provide customers with complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower total cost of ownership and comply with zero-carbon regulations. It operates through the following segments: REE and the Softwheel segment. The REE segment includes the activity related to the development of the REE platform. The Softwheel segment included the activity related to production and selling of wheels for personal mobility. The company was founded by Daniel Barel and Ahishay Sardes on January 16, 2011 and is headquartered in Kibbutz, Israel.

REE has accomplished the majority of its milestones as the first to commercialize full x-by-wire technology, setting the path for sustainable growth REE has accomplished the majority of its milestones as the first to commercialize full x-by-wire technology, setting the path for sustainable growth

REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results

- REE's authorized dealer network grows to 66 sales and service locations across the U.S. and Canada through 20 authorized dealers - New dealers include Macnab EV Sales Corp., Pacific Mobility Group and Kaizen Automotive Group - REE expands partnerships with leading body builders, adding Hackney, North American manufacturer of side load beverage and vending bodies, solutions to upfit REE's P7-C chassis cab TEL AVIV, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced key business updates, leading with the current order value book value surpassing $50 million and the expansion of REE's authorized dealer network, which now covers 66 locations of sales and service across the U.S. and Canada.

Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million

• Powered by REE P7-C electric truck is eligible for sale in California • Certifications makes P7-C eligible for over $100,000 in state and federal incentives • Deliveries have commenced to REE's Authorized Dealer Network and vehicle demonstrations will continue in the coming months TEL AVIV, Israel, March 25, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, which recently announced FMVSS (Federal Motor Vehicle Safety Standards) and EPA (Environmental Protection Agency) certification, today announced it has received two certifications from California Air Resources Board (“CARB”) on the Class 4 P7-C chassis cab.

REE Automotive P7-C Receives CARB Certifications

TEL AVIV, Isreal, March 22, 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, will release its fourth quarter and fiscal year 2023 financial results before market open on Wednesday, March 27, 2024.

REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

-   Raised $14.95 million in ordinary shares issued with minimal discount -   Overallotment fully exercised -   Multiple investors participated in the round, led by M&G, REE's largest investor TEL AVIV, Israel, March 06, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the closing of its previously announced underwritten public offering of 2,300,000 Class A ordinary shares (the “ordinary shares”), which includes the full exercise of the underwriter's overallotment option.

REE Announces Closing of Public Offering of Ordinary Shares

TEL AVIV, Israel, March 05, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”) has been selected by Airbus UpNext, wholly-owned innovation subsidiary of Airbus SE  (stock exchange symbol: EADSY), to provide technological know-how based upon its REEcorner® and full-by-wire control systems.

REE Automotive selected by Airbus UpNext

TEL AVIV, Israel, March 01, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), today announced the pricing of an underwritten public offering of 2,000,000 Class A ordinary shares (the “ordinary shares”). Each ordinary share is being sold at a public offering price of $6.50 per share. The Company has granted the underwriter a 20-day option to purchase up to an additional 300,000 ordinary shares sold in the offering to cover over-allotments, if any.

REE Announces Pricing of Public Offering of Ordinary Shares

TEL AVIV, Israel, Feb. 29, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), today announced that it has launched a public offering to offer and sell its Class A ordinary shares (the “ordinary shares”). The Company expects to grant the underwriter a 20-day option to purchase up to an additional 15% of the number of ordinary shares sold in the offering to cover over-allotments, if any. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering will be completed, or as to the actual size or terms of the offering.

REE Announces Proposed Public Offering of Ordinary Shares

-   P7-C Chassis Cab will be on display to the public at REE's booth #1843 -   A full utility configuration of P7-C with Knapheide's KUV body will be on display on March 5 -   REE and Knapheide to host a joint press conference on Wednesday, March 8 at 3:45 p.m. ET

REE Automotive to Showcase Two Configurations of P7-C Fully-by-Wire Electric Truck at Work Truck Week 2024

TEL AVIV, Israel, Feb. 08, 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 that it has begun customer deliveries of its P7-C electric chassis cab following Federal Motor Vehicle Safety Standards (FMVSS) and Environmental Protection Agency (EPA) certification, making it the first to certify a fully x-by-wire vehicle.

REE Completes U.S. Certification of Full-by-Wire Vehicles and Begins Customer Deliveries of its P7-C Electric Truck

COVENTRY, United Kingdom, Jan. 29, 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 that leading northwest fleets in the U.S., including Franz Bakery, Bedmart, Indoor Billboard, PointS Tires and Kelly's Home Center, in partnership with certified REE dealer FMI Trucks, plan to evaluate the P7-C medium-duty electric demo truck.

REE Ships P7-C Demo to FMI Truck Sales & Service; Franz Bakery, Bedmart, Indoor Billboard, PointS Tires and Kelly's Home Center Fleets Set to Begin Evaluation of P7-C Vehicle

SAN FRANCISCO, Jan. 25, 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, announced today that Monarch Truck Center, a premier medium-duty truck dealer in the California Bay Area, will be amongst the first of REE's certified dealers to receive a P7-C medium-duty by-wire electric demo truck that fleet customers will be able to experience.

Monarch Truck Center to Host Ride and Drive of REE's P7-C for Canteen, Stanford University, City of San Jose and Other Large Fleet Customers in the Bay Area

REE's P7-C is the first full y by-wire truck to achieve U.S. FMVSS and EPA certification s Customer d eliveries of demonstration trucks has begun P7-C vehicles are eligible for US federal tax credit of up to $40,000 per vehicle and are expect ed to be eligible for over $100, 0 0 0 of incentives per vehicle with additional state credits TEL AVIV, Israel, Jan. 22, 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 that it has begun customer deliveries of its P7-C electric chassis cab following Federal Motor Vehicle Safety Standards (FMVSS) and Environmental Protection Agency (EPA) certification, making it the first to certify a fully x-by-wire vehicle.

REE Completes U.S. Certification of Full-by-Wire Vehicles and Begins Customer Deliveries of its P7-C Electric Truck

The consensus price target hints at a 62.4% upside potential for REE Automotive Ltd. (REE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 62.4% Upside in REE Automotive Ltd. (REE): Here's What You Should Know

REE Automotive Ltd (NASDAQ:REE ) Q3 2023 Results Conference Call November 30, 2023 8:30 AM ET Company Participants Kamal Hamid - Vice President of Investor Relations Daniel Barel - Co-Founder, CEO and Director Tali Miller - Chief Business Officer Yaron Zaltsman - Chief Financial Officer Josh Tech - Chief Operations Officer Conference Call Participants Mike Shlisky - D.A. Davidson & Co Colin Langan - Wells Fargo Jeff Osborne - TD Cowen Andres Sheppard - Cantor Fitzgerald Operator Good day, and thank you for standing by.

REE Automotive Ltd (REE) Q3 2023 Earnings Call Transcript

TEL AVIV, Israel, Nov. 30, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results for the third quarter ended September 30, 2023, through a shareholder letter posted on the company's investor relations website HERE.

REE Automotive Announces Third Quarter 2023 Financial Results

TEL AVIV, Israel, Nov. 22, 2023 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and provider of electric vehicle platforms and EVs, announced today it will release its third quarter 2023 financial results before market open on Thursday, November 30, 2023.

REE Automotive, Ltd. Announces Date for Third Quarter 2023 Earnings Release and Conference Call

TEL AVIV, Israel, Nov. 01, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of fully by-wire electric trucks and platforms, today received a notification letter from Nasdaq Listing Qualifications staff notifying the Company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2).

REE Automotive Regains Compliance with Nasdaq Minimum Bid Price Requirement

• Company's initial order book value doubles since late August 2023 • Midwest Transit Equipment joins REE's Authorized Dealer Network and places binding order • Deliveries to Midwest Transit Equipment are planned to begin in Q1 2024 TEL AVIV, Israel, Oct. 25, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of fully by-wire electric trucks and platforms, today announced its initial order book value1 has doubled since late August 2023.

REE Automotive Initial Order Book Value Jumps to Approximately $40 Million

TEL AVIV, Israel, Oct. 19, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of fully by-wire electric trucks and platforms, today announced that CEO and co-founder Daniel Barel will participate in a shareholder fireside chat on November 2, 2023.

REE Automotive to Webcast CEO Fireside Chat on November 2, 2023

TEL AVIV, Israel, Oct. 11, 2023 (GLOBE NEWSWIRE) -- REE Automotive (Nasdaq: REE), an automotive technology company and provider of fully by-wire electric trucks and platforms, has received United States Environmental Protection Agency (EPA) certification for its P7-C chassis cab and P7-S stripped chassis products. Certification from the EPA is another step towards REE's planned full-vehicle certification in late 2023.

REE Automotive Obtains EPA Certification for Its P7 Electric Truck Lineup

TEL AVIV, Israel, Sept. 21, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, has been included in FreightWaves' annual FreightTech 100 list, an award spotlighting the most innovative companies in the freight technology sector. FreightWaves provides thought leadership and editorial content focused on economic and innovative technology drivers for the freight transportation ecosystem.

REE Automotive Named to the 2024 FreightWaves FreightTech 100

- Joint testing with HORIBA-MIRA confirms the feasibility of REE's x-by-wire vehicle control system to pass FMVSS certification requirements - REE intends to fully certify its Powered by REE P7 electric truck lineup by the end of 2023, including FMVSS, CARB and EPA certification - Achievement of full certification will align with previously announced plan to deliver US incentive eligible vehicles - Both the P7-C Chassis Cab and the P7-S Stripped Chassis are powered by the same REEcorner™  full by-wire tech for steering, braking and drive control

REE Confirms FMVSS Certification Feasibility of its X-by-Wire Systems Ahead of Q4 2023 Vehicle Certification

REE Automotive Ltd. (NASDAQ:REE ) Q2 2023 Earnings Conference Call August 29, 2023 8:30 AM ET Company Participants Kamal Hamid - Vice President, Investor Relations Daniel Barel - Co-Founder and Chief Executive Officer Josh Tech - Chief Operating Officer Yaron Zaltsman - Chief Financial Officer Tali Miller - Chief Business Officer Conference Call Participants Michael Shlisky - D.A.

REE Automotive Ltd. (REE) Q2 2023 Earnings Call Transcript

TEL AVIV, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results for the second quarter ended June 30, 2023, through a shareholder letter posted on the company's investor relations website at https://ree.auto/lp/shareholders-letter-2q23/

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