About the Company
REE Automotive, Ltd. is an automotive software developer. The company previously developed an electric vehicle platform featuring independent interchangeable corner modules, dubbed REECorners. The corner modules are positioned directly adjacent to each wheel, and they encapsulate all of the vehicle's drive systems such as the motor, inverter, steering, brakes, and suspension. They are controlled electronically, by-wire, allowing for a completely flat platform chassis onto which custom chassis bodies can be attached. The company operates an automotive software research and development center in Israel, and an engineering and manufacturing center in the United Kingdom. Final vehicle assembly, sales, and customer service operations were based in the United States before the company pivoted to software development exclusively. REE Automotive planned in 2024 to sell truck fleets to rental companies such as Penske and U-Haul, provide its corner modules to truck manufacturers such as Hino, and sell trucks to various fleet operators through its distributor network. The company expected in early 2025 to start deliveries of scale-production vehicles in the first half of 2025, deliver several hundreds of vehicles in the second half of 2025, and ramp up production to the thousands of vehicles in 2026. The company announced in May 2025 that it will pause its production plans and focus instead on their software offerings to OEMs and technology companies.
Exchange
Nasdaq
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Latest News on REE Automotive Ltd.
REE Automotive Ltd. (REE) Q2 2024 Earnings Call Transcript
REE Automotive Ltd. (NASDAQ: REE) Q2 2024 Earnings Conference Call September 26, 2024 5:00 PM ET Company Participants Keren Shemesh - Chief Marketing Officer Daniel Barel - CEO Josh Tech - Chief ...
REE Automotive Ltd (REE) Q4 2023 Earnings Call Transcript
REE Automotive Ltd (NASDAQ:REE) Q4 2023 Earnings Conference Call March 27, 2024 8:30 AM ETCompany ParticipantsKamal Hamid - Vice President of Investor ...
REE Automotive Ltd. Announces $27 Million Registered Direct ... - Nasdaq
REE Automotive Ltd. announced a registered direct offering of 6,376,631 ordinary shares at a price of $4.25 per share, expecting to raise approximately $27 million in gross proceeds before expenses.
What's Going On With REE Automotive Shares Monday?
Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now. Add Comment REE REE Automotive Ltd $2.83 2.72 % ...
REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial ...
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 ...
Why REE Automotive (REE) Is Plunging in 2025? - Insider Monkey
The consensus price target of $14.5 implies 142.84% upside. REE stock is down 31.71% year-to-date. Overall, REE ranks 12th on our list of automotive stocks that have been plunging in 2025.
REE Automotive Ltd. Reports Q1 Loss, Lags Revenue Estimates
REE Automotive Ltd. (NASDAQ:REE) came out with a quarterly loss of $1.96 per share versus the Zacks Consensus Estimate of a loss of $1.81. This compares to loss of $2.40 per share a year ago.
REE Automotive Ltd - Class A Shares Fall 1.1% Below Previous ... - Nasdaq
REE Automotive Ltd - Class A (REE) shares closed 1.1% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 54.2% year-to-date, down 54.2% over ...
REE Automotive Ltd.: REE Automotive Receives Nasdaq Minimum Bid Price ...
REE Automotive (Nasdaq: REE) is an automobile technology company that develops and produces cutting edge software-defined vehicle, or SDV, technology that manages vehicle operations and features ...
REE Automotive Ltd. (NASDAQ:REE) Q1 2024 Earnings Call Transcript
REE Automotive Ltd. misses on earnings expectations. Reported EPS is $-1.96 EPS, expectations were $-1.81. Operator: Good day, and thank you for standing by. Welcome to the REE Automotive Q1 2024 ...
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