Welcome to our dedicated page for Ree Automotive news (Ticker: REE), a resource for investors and traders seeking the latest updates and insights on Ree Automotive stock.
REE Automotive (REE) delivers breakthrough electric vehicle platforms through its modular REEcorner technology and flat chassis designs. This news hub provides investors and industry professionals with essential updates on product developments, manufacturing partnerships, and regulatory milestones shaping the future of commercial e-mobility.
Access official press releases covering REE's certified by-wire systems, strategic collaborations with global suppliers, and advancements in autonomous-ready vehicle architectures. Our curated collection simplifies tracking operational progress in key areas like last-mile delivery solutions and heavy-duty EV logistics.
Discover updates on REE's U.S. FMVSS-certified platforms, production scaling initiatives, and innovations in software-defined vehicle controls. Content spans technology patents, fleet electrification partnerships, and market expansion strategies across North America and Europe.
Bookmark this page for streamlined access to REE's evolving position in the automotive sector. Monitor how their modular approach reduces development timelines for OEMs while meeting stringent environmental standards through CARB/EPA-compliant designs.
REE Automotive Ltd. (NASDAQ: REE) has expanded its Board of Directors with the appointment of independent members Michal Brikman and Lilach Geva-Harel. This strategic move aims to deepen financial and governance expertise as the company progresses towards commercial production in 2023. Brikman and Geva-Harel bring extensive experience in public company operations, sustainability, and corporate governance. Additionally, the board announced the resignation of Ari Raved, who served for over seven years.
REE Automotive (NASDAQ: REE), a leader in e-mobility, announced participation in major investor conferences in Q4 2021. CEO Daniel Barel will discuss the company's business strategy, global expansion plans, and future production milestones. Key events include:
- UBS Emerging SMID Cap Mini Conference on Nov 3
- MKM Partners on Nov 17
- Barclays Global Automotive and Mobility Tech Conference on Nov 18
- Credit Suisse Industrials Conference on Dec 2
REE Automotive (NASDAQ: REE) and Hino Motors have won the European Product Design Award in the 'Design for Society' category for their collaboration on next-generation electric commercial mobility solutions. Their modular EV platform, powered by REE, features a detachable Mobility Service Module that enhances accessibility for goods and services. The project aims to lower carbon emissions and reduce congestion while supporting autonomous driving. Prototypes are expected by fiscal year 2022, signaling advancements in sustainable urban mobility.
REE Automotive Ltd. (Nasdaq: REE) has been awarded the 2021 Global EV Platform Company of the Year Award by Frost & Sullivan, recognizing its innovative REEcorner technology. This technology integrates key vehicle components into a compact module, enabling fully-flat EV platforms with enhanced payload capacity and design flexibility. REE's modular platforms are designed to facilitate faster EV model deployment for OEMs and logistics companies while supporting sustainability initiatives with zero-emission capabilities. The award underscores REE's leadership in the e-mobility sector.
REE (Nasdaq: REE) has seen its CEO Hans Thomas and COO David Weisburd purchasing additional shares, totaling approximately $2 million in open market buys during September 2021. Hans Thomas acquired 222,000 shares at average prices of $5.81 and $5.66. Weisburd purchased 123,908 shares at an average price of $5.97. These actions were reported in SEC filings and reflect the company executives' positive outlook on REE's market position.
REE Automotive has been awarded the 2021 Global EV Platform Company of the Year by Frost & Sullivan. This recognition highlights REE's innovative corner module technology, allowing for modular and customizable electric vehicle (EV) designs. The demand for EVs has surged by 280% over the past three years, with approximately 2 million units sold globally. REE's REEcorner technology enables rapid model launches and offers operational advantages over traditional EVs. The company's mission is to empower global mobility companies to create versatile zero-emission vehicles.
REE Automotive Ltd. (NASDAQ: REE) has announced that Co-Founder and CEO Daniel Barel will present the company's vision and strategy for the electric vehicle (EV) future at various investor conferences throughout September 2021. Barel will discuss REE’s business model and production strategy amidst the rapid adoption of EV platforms globally. Key events include presentations at Cowen's 4th Annual Global Transportation & Sustainable Mobility Conference on September 9, Morgan Stanley's Laguna Conference on September 14, and Evercore ISI's Autotech & AI Forum on September 22.
REE Automotive has secured $17 million in funding from the UK government as part of a larger $57 million investment coordinated through the Advanced Propulsion Centre. This funding aims to propel the commercial production of REE's innovative REEcorner™ technology and ultra-modular EV platforms. The initiative aligns with the UK government's commitment to zero-emission vehicles and is projected to reduce carbon emissions by 32 million tons, equivalent to the lifetime emissions of 1.3 million cars. This funding underscores REE's role in advancing electric vehicle technology and fostering a green economy.
REE Automotive (NASDAQ: REE) reported its Q2 2021 financial results, highlighting strategic alliances in the EV sector, including partnerships with Hino Motors, Magna International, J.B. Poindexter’s EAVX, and Navya. The company closed its merger with 10X Capital Venture Acquisition Corp., gaining approximately $348M in gross proceeds. Q2 2021 GAAP net loss was $31.2M, up from $12.6M in Q1 2021. The firm expects to maintain strong commercial momentum while achieving mass production targets in 2023, despite a projected 25% increase in annual capital expenditures.
REE Automotive, a leader in e-mobility, will release its Q2 2021 financial results on August 17, 2021, before market opening. A webcast and conference call will follow at 08:30 a.m. ET to discuss the results and recent developments. REE's innovative REEcorner technology aims to create zero-emission vehicles by integrating key components into the wheel arch, thereby offering design flexibility and reducing manufacturing costs. Headquartered in Tel Aviv, REE partners with Tier 1 suppliers for a CapEx-light manufacturing model.