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 Ltd. (Nasdaq: REE) is an automotive technology company that develops software-defined vehicle (SDV) technology and full by-wire platforms for commercial and next-generation mobility. The REE news feed on Stock Titan brings together company announcements, strategic updates, and regulatory communications that explain how REE is executing on its SDV-focused strategy.
News about REE often covers its collaborations and memorandums of understanding with established industry players. Recent releases describe an MOU with Mitsubishi Fuso Truck and Bus Corporation to evaluate REE’s zonal SDV architecture and x-by-wire technology in a commercial-vehicle context, and an MOU with Cascadia Motion, a BorgWarner subsidiary, to jointly develop an electric drive unit integrating REEcorner technology. The company has also reported on a binding agreement with a leading technology company to develop a software-defined autonomous public transport shuttle based on REE’s Zonal Architecture SDV technology.
Investors can also follow REE’s financial and corporate developments through its earnings releases, cost reduction announcements, and business updates. These items include information about shifts toward a technology-first, licensing-oriented model, production pauses, operating expense targets, and liquidity considerations. Governance and capital markets news, such as Nasdaq minimum bid price notifications, extensions to regain compliance, and proxy materials for shareholder meetings, are also part of the company’s regular disclosures.
By tracking REE news, readers can see how the company’s SDV and by-wire technology is being positioned through partnerships, how management is addressing cost structure and capital needs, and how regulatory and listing matters are evolving. Bookmark this page to review new REE press releases, SEC-related announcements, and other updates as they are published.
REE Automotive Ltd. (NASDAQ: REE) will exhibit at CES from Jan. 5-8, 2022, showcasing its ultra-modular EV technology and REEcorner™ innovations. The display includes a partnership with Hino Motors, highlighting a modular EV platform aimed at various markets. REE will also unveil its autonomous delivery vehicle concept, Leopard, featuring advanced LiDAR technology. CEO Daniel Barel emphasized the importance of innovation amid ongoing COVID-19 safety considerations. REE positions itself as a leader in e-Mobility through strategic partnerships and cutting-edge technology.
Hitachi America and REE Automotive have announced a strategic agreement aimed at accelerating the adoption of electric vehicles (EV) globally. This partnership focuses on enhancing EV manufacturing, establishing commercial charging infrastructure, and developing a comprehensive digital fleet management system. Key goals include co-creating scalable Data-as-a-Service (DaaS) and Analytics-as-a-Service (AaaS) platforms to support next-generation connected commercial EVs. The collaboration aims to provide sustainable solutions while contributing to carbon emission reduction efforts.
REE Automotive Ltd. (NASDAQ: REE) and Hino Motors (TYO: 7205) are advancing their partnership towards future electric mobility solutions, focusing on data-as-a-service and charging infrastructure. The companies are targeting hardware prototypes by FY2022 and will showcase their joint EV platform, the FlatFormer, at CES in Las Vegas from Jan. 5-8. This collaboration illustrates their commitment to redefining commercial mobility and highlights their robust partnership through joint exhibits and shared visions for next-gen vehicles.
REE Automotive (NASDAQ: REE) reported a significant GAAP net loss of $414.9 million for Q3 2021, largely attributed to increased share-based compensation expenses totaling $409.8 million. Despite this, the company is on track with its commercialization targets, having completed customer validation tests and nominated suppliers like Brembo and American Axle for production. The company also unveiled an autonomous last-mile delivery vehicle and secured $17 million in funding from the UK government. REE aims to ramp up production in 2023 and expects a total employee count of approximately 270 by year-end.
REE Automotive Ltd. (NASDAQ: REE) has unveiled its autonomous concept vehicle, Leopard, powered by the new modular REEboard™ EV platform. Tailored for last-mile delivery, this vehicle enhances operational efficiency while enabling customized solutions for delivery companies and e-retailers. The Leopard, featuring X-by-wire REEcorner technology, measures 3.4 m in length and boasts a battery capacity of 50 kWh, a top speed of 60 mph, and a cargo volume of 180 ft³. The concept will be showcased at CES 2022 in Las Vegas, aiming to revolutionize zero-emission deliveries.
REE Automotive has partnered with Say Technologies to enhance investor communication via the Say Connect platform, allowing retail investors to submit questions ahead of earnings calls. This initiative aims to improve transparency and accessibility for shareholders. The upcoming Q3 earnings call is scheduled for November 16, 2021, at 8:30 AM ET, where management will respond to selected questions. REE’s innovative REEcorner™ technology is designed to revolutionize e-mobility, providing customizable solutions for electric and autonomous vehicles.
REE Automotive Ltd. (NASDAQ: REE) has nominated American Axle & Manufacturing (NYSE: AXL) to supply high-performance electric drive units (EDUs). AAM's innovative 3-in-1 electric drive technology will be integrated into REE's REEcorner technology, enhancing power density while reducing weight. Prototypes are expected by late 2021, with full production projected for 2024, primarily targeting a U.S.-based delivery van program. This collaboration aims to support REE's growth and commitment to a zero-emissions future through high-quality automotive technology.
On November 5, 2021, American Axle & Manufacturing (NYSE: AXL) announced a pivotal agreement with REE Automotive (NASDAQ: REE) to provide electric drive units (EDU) designed for various customer vehicle programs. These next-generation units feature a 3-in-1 technology that combines the motor, gearbox, and inverter, delivering 3,250 Nm of peak torque while weighing 25% less than competitors. Development will take place at AAM's Detroit facility, with prototypes expected by the end of 2021 and full production by 2024.
REE Automotive (NASDAQ: REE) will announce its third quarter 2021 financial results on November 16, 2021, before market open. Following the release, a webcast and conference call will take place at 8:30 a.m. Eastern Time to discuss the results and recent developments. Investors can access the call via the company's Investor Relations website or by phone. The event will allow for a question-and-answer session with management. REE focuses on innovative e-mobility technology, providing scalable solutions for electric and autonomous vehicles.
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.