Articles from REE Automotive Ltd.

CEO and co-founder Daniel Barel will host a company presentation at 8:30 a.m. ET on Thursday, January 23 and CFO Hai Aviv will meet one-on-one with potential investors

TEL AVIV, Israel, Dec. 17, 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 financial results for the third quarter ended September 30, 2024 and significant updates following quarter’s end.

-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)

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.

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 as Chief Financial Officer (CFO) to lead REE’s North American expansion. Both appointments take effect on November 15, 2024.

- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights- Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los Angeles October 28-30

$45.35 Million Funding Secured, Strategic Manufacturing Agreement with Motherson, U.S. Production Kicked Off, Continued Demand Drives Orderbook to $60 Million

TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has selected Roush Industries, a leading innovative vehicle contract manufacturer, to assemble REE’s P7 vehicles at Roush’s Detroit-area factory. REE will continue to manufacture its proprietary REEcorner® technology in its UK Coventry Integration Center. With a focus on speed to market and impeccable build quality, Roush’s assembly team unites decades of design, engineering, machining, fabrication, testing, manufacturing, and supply chain expertise to deliver a scalable process for REE. Roush will be supported onsite by a joint REE and Motherson team, who will be responsible for overall quality assurance, logistics, and testing.

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.

TEL-AVIV, Israel and NOIDA, India, Sept. 16, 2024 (GLOBE NEWSWIRE) -- REE Automotive (NASDAQREE), an automotive technology company and provider of full by-wire electric trucks and platforms, and Motherson Group (IN: MOTHERSON), an engineering and manufacturing specialist and a major supplier to the automotive industry with long standing relationships with global OEMs such as Mercedes Benz, Audi, Volkswagen, Suzuki, BMW, Porsche, GM, Ford, Stellantis, Daimler Trucks, Paccar and John Deere today announced a strategic agreement. Pursuant to the agreement, Motherson will manage sourcing and supply chain of all production parts and support the assembly of the REEcorner® and REE P7 electric trucks, the first full by-wire, software-driven certified medium duty electric truck available on the market today. Motherson will also nominate a director to join REE’s board of directors.

TEL AVIV, Israel, July 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that its REE’s P7-C software-defined Class 4 electric vehicles (EVs) will be available to government and education entities in all 50 states of the U.S. looking to add electric options to their fleets through a 4-year contract awarded to National Auto Fleet Group (NAFG) by Sourcewell.

- 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 Powered by REE® Penske truck will be on display at the REE booth at ACT Expo in Las Vegas-  The P7-C is the world’s first FMVSS certified full by-wire EV featuring all-wheel steer and all-wheel drive with a range of up to 169 miles and a driver-centric cab upfitted with a 16 foot Wabash (NYSEWNC) DuraPlate® body with ramp-  REE and Penske will hold a joint press conference to expand on the collaboration during ACT Expo in Las Vegas

- 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

• Powered by REE P7-C electric truck is eligible for sale in California

-   Raised $14.95 million in ordinary shares issued with minimal discount

-   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

QUINCY, Ill., Feb. 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that its first demo P7-C fully by-wire chassis cab has arrived in the U.S. and has completed its upfitting at Knapheide in Quincy, Illinois. Knapheide, North America’s most popular manufacturer of work truck bodies and truck beds, upfitted the P7-C with its KUV body, known to create optimized organization for the technician by dividing the storage space into manageable compartments that are externally accessible from either side of the body. By working together, REE and Knapheide will allow fleets the flexibility they need when selecting a body for their fully by-wire electric vehicles.

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.

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.

TEL AVIV, Israel, Jan. 11, 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.

• Company’s initial order book value doubles since late August 2023

TEL AVIV, Israel, Oct. 18, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the continued expansion of its Authorized Dealer Network with three new dealers covering Wisconsin, Illinois and California, all placing binding orders for REE’s P7-C electric truck.

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.

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.

TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE's 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE’s Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering.

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 a major milestone in the REE’s plan to certify and bring to market a steer-by-wire, brake-by-wire and drive-by-wire commercial truck. REE contracted HORIBA-MIRA, a world-leader in testing, to perform internal tests, modeling certain Federal Motor Vehicle Safety Standards (FMVSS) certification requirements upon which REE has determined the feasibility of P7 to meet the requirements of certification. REE plans to fully certify its P7-C and P7-S products by the end of 2023, including FMVSS, CARB and EPA certification, aligning with planned vehicle deliveries to dealers and eligibility for government incentives.

TEL AVIV, Israel, Aug. 28, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it is working in partnership with Knapheide, North America’s most popular manufacturer of work truck bodies and truck beds, to create full electric vehicle solutions. Knapheide will upfit REE’s P7-C chassis cabs to meet the requirements for fleet customers across all electric vehicle types ranging from Class 3-5.

TEL AVIV, Israel, June 27, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) today announced that Carlton Rose, former global president of fleet maintenance and engineering at UPS, has been appointed to the company’s board of directors, effective immediately.

ANAHEIM, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today revealed P7-C, a Class 4 chassis cab offering a new cabin design built on REE’s P7 modular electric platform. Customers will be able to place orders for the entire P7 electric truck lineup at ACT Expo in REE’s booth #6927.

YPSILANTI, Mich., July 26, 2022 (GLOBE NEWSWIRE) -- REE Automotive (NASDAQREE) will host an investor event on July 28, live-streamed from the American Center for Mobility in Ypsilanti, Mich., to provide a business update and showcase the first electric walk-in van Powered by a REE P7 electric chassis, paired with the newly-designed EAVX and Morgan Olson Proxima van body.

REE Automotive Ltd. (NASDAQREE), a leader in e-mobility, revealed today its autonomous concept vehicle based on a brand new ultra-modular EV platform design. The full-scale concept is geared for customers including last-mile autonomous and electric delivery companies, delivery fleet operators, e-retailers and technology companies seeking to build fully autonomous solutions.

REE Automotive Ltd. (NASDAQ: “REE”), a leader in e-mobility, today announced the nomination of American Axle & Manufacturing (AAM) Holdings, Inc. (NYSEAXL), a leading global Tier 1 automotive supplier, to supply REE with its high-performance electric drive units (EDU).

REE Automotive Ltd. (NASDAQREE), a leader in e-mobility, announced today that it has expanded its Board of Directors, appointing two new independent members. The additional board members deepen and diversify its leadership as the company progresses towards technology maturation and commercial production in 2023.

REE Automotive Ltd. [NASDAQ: “REE”], a leader in e-Mobility, today announced that it will open its U.S. headquarters in Austin, Texas to address the growing U.S. market demand for mission-specific EVs from delivery and logistics companies, Mobility-as-a-Service and new technology players. In addition, Austin will be the location of REE’s first asset-light Integration Center for the assembly and testing of its disruptive REEcorner™ technology and ultra-modular EV platforms. The new Integration Center will offer REE’s technology to its existing and future automotive partners in North America, enabling them to build modular EVs “Powered by REE”. REE is exploring several collaborations with a number of Koch Industries, Inc. companies, to support and accelerate the establishment of REE’s integration center in Austin. Koch Strategic Platforms, LLC, a subsidiary of Koch Industries, is an investor in REE as well. The REE Austin facility is expected to create approximately 150 jobs in upcoming years.

REE Automotive Ltd. (“REE”), a leader in e-Mobility, today announced the completion of its merger with 10X Capital Venture Acquisition Corp (“10X”, Nasdaq: VCVC). The business combination was approved at a special meeting of 10X’s stockholders on July 21, 2021 and closed today, July 22, 2021.