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REE Automotive Ltd - REE STOCK NEWS

Welcome to our dedicated news page for REE Automotive (Ticker: REE), a resource for investors and traders seeking the latest updates and insights on REE Automotive.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REE Automotive's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REE Automotive's position in the market.

Rhea-AI Summary
REE Automotive (Nasdaq: REE) has achieved significant milestones by commercializing full x-by-wire technology, leading to sustainable growth. The company reported impressive Q4 2023 highlights, including substantial order book value growth, expansion of dealer network, technological certifications, successful winter testing, and financial stability with cash reserves and public offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.01%
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Rhea-AI Summary
REE Automotive announces the growth of its authorized dealer network to 66 locations in the U.S. and Canada, with new partnerships with Macnab EV Sales Corp., Pacific Mobility Group, and Kaizen Automotive Group. The company's order book value exceeds $50 million, and it expands collaborations with leading body builders like Hackney.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.01%
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none
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Rhea-AI Summary
REE Automotive receives CARB certifications for its P7-C electric truck, making it eligible for over $100,000 in state and federal incentives. Deliveries have begun to the Authorized Dealer Network, with vehicle demonstrations ongoing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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none
Rhea-AI Summary
REE Automotive (Nasdaq: REE) will release its Q4 and FY 2023 financial results on March 27, 2024. A webcast and conference call will follow to discuss financial performance and recent events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
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Rhea-AI Summary
REE Automotive Ltd. (Nasdaq: REE) will showcase its zero-emission, software-driven commercial EV at the 36th Annual Roth Conference. The company's chairman and CEO will participate in panel discussions highlighting their unique value proposition for the North American market and the future of zero emission trucking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.99%
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conferences
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Rhea-AI Summary
REE Automotive Ltd. raises $14.95 million through the issuance of 2,300,000 Class A ordinary shares at $6.50 per share. The offering saw full exercise of the overallotment option, with M&G leading multiple investors. The net proceeds will be used for working capital, product development, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.28%
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News
Rhea-AI Summary
REE Automotive Ltd. has been chosen by Airbus UpNext to provide technological know-how using its REEcorner® and full-by-wire control systems. This partnership signifies recognition for REE's advanced technology in the automotive industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
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none
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Rhea-AI Summary
REE Automotive Ltd. (Nasdaq: REE) announced the pricing of a public offering of 2,000,000 Class A ordinary shares at $6.50 per share, with an option for additional shares. The offering is expected to close on March 5, 2024, and the net proceeds will be used for working capital and product development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.79%
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Rhea-AI Summary
REE Automotive Ltd. (Nasdaq: REE) has announced a public offering of its Class A ordinary shares, with an underwriter option to purchase additional shares. M&G Investment Management Limited has shown interest in purchasing shares. Roth Capital Partners is the sole book-running manager. The net proceeds will be used for working capital and product development. The offering is subject to market conditions and aims to raise funds for corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.79%
Tags
Rhea-AI Summary
REE Automotive Ltd. will showcase their P7-C Chassis Cab at the NTEA Work Truck Week, featuring a full utility configuration with Knapheide's KUV body. The public debut will include a joint press conference with Knapheide, highlighting their electric fleet solution for reducing downtime and improving time to market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.14%
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REE Automotive Ltd

Nasdaq:REE

REE Rankings

REE Stock Data

40.28M
7.71M
23.75%
24.33%
1.22%
Automobile Manufacturing
Manufacturing
Link
Israel
Herzliya

About REE

ree automotive is a pioneering technology company reinventing e-mobility. unrestricted by legacy thinking, ree has developed the next generation ev platform which is completely flat, scalable and modular providing customers full design freedom to create the broadest range of ev, av and maas vehicles for current and future applications, including last mile delivery, light to heavy duty ev logistics and robo taxis. ree has developed two core innovations; the reecorner integrates all traditional vehicle components (steering, braking, suspension, e-motor) into the arch of the wheel and the reeboard which is a completely flat and modular platform. ree’s approach is cost efficient and offers multiple customer benefits, including vehicle design freedom, package efficiency, increased energy efficiency, faster development time, adas compatibility, reduced maintenance and global safety standard compliance. ree is supported by a network of tier 1 partners providing access to 320 global production