Ree Automotive Stock Price, News & Analysis

REE Automotive will showcase its P7-C software-defined electric truck at NTEA's Work Truck Week from March 4-7, 2025, at the Indiana Convention Center. Attendees can test drive the first U.S.-certified full-by-wire vehicle, which features REE's x-by-wire system providing digital control of all vehicle functions without mechanical connections.

The P7-C offers enhanced maneuverability with a tight turn radius, low step height, and independent control of each REEcorner®. REE recently received California's HVIP approval, unlocking up to $60,000 in incentives for California fleets transitioning to zero-emission vehicles.

Through collaboration with Geotab, REE aims to bring advanced data analytics to fleets using REEai Cloud, providing insights for predictive maintenance and reduced ownership costs. At the event, a P7-C with Wabash box and lift gate will be displayed at booth #1843, while a Knapheide stakebed version will be available for outdoor test drives.

REE Automotive (Nasdaq: REE) has announced a strategic collaboration with Geotab, a leading global telematics provider, to enhance fleet management capabilities for North American customers. The partnership integrates REEai Cloud with Geotab's network, allowing fleet operators to monitor REE's software-defined vehicles (SDVs) alongside other vehicles through Geotab's GO platform.

Through this integration, fleet operators will receive enhanced real-time data analytics and actionable insights to optimize fleet performance and reduce total cost of ownership. The collaboration leverages Geotab's expertise in capturing near real-time data through its plug-and-play platform, which processes essential metrics like speed and range.

The partnership aims to provide fleet operators with improved vehicle performance monitoring, seamless software updates, and advanced customization options. The integration is designed to work with existing fleet systems, offering in-depth analysis without adding complexity.

Mission Mobile Medical and REE Automotive (Nasdaq: REE) have signed an agreement for REE to provide electric trucks for mobile healthcare services in rural America. Mission Mobile has ordered REE's software-defined P7 electric trucks, with first delivery planned for mid-2025.

The collaboration aims to expand Mission Mobile's 200+ mobile healthcare programs that currently serve underserved communities across 42 states and Canada. The initiative targets more than two million Americans who lack equitable healthcare access.

The P7's unique zonal architecture and flat chassis will enable Mission Mobile to build customized medical facilities on the trucks. REE's x-by-wire system allows for over-the-air updates and provides fleet telematics data. The P7-C is the first U.S. certified fully by-wire vehicle, featuring REEcorners® that integrate critical vehicle components. Service support will be available through REE's national network of 80 service points.

REE Automotive (Nasdaq: REE), an automotive technology company specializing in full by-wire electric trucks and platforms, has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference on January 23, 2025.

CEO and co-founder Daniel Barel will deliver a live presentation from 8:30 to 9:00 a.m. ET on Track 1, focusing on REE's software-defined vehicle technology, market opportunities, and outlook for 2025 and beyond. CFO Hai Aviv will be available for one-on-one meetings with potential investors.

Interested participants can stream the presentation online through registration and schedule individual meetings either through the Sidoti online portal or by contacting Dana Rubenstein at danar@ree.auto.

REE Automotive (Nasdaq: REE), a provider of full by-wire electric trucks and platforms, has announced its participation in the 27th Annual Needham Growth Conference in New York City on January 14, 2025. The company's leadership team, including CEO and co-founder Daniel Barel, CFO Hai Aviv, and Chief Strategy Officer Dana Rubenstein, will engage in one-on-one meetings with institutional, private equity, and venture capital investors.

During these meetings, the team will discuss REE's software-defined vehicle (SDV) technology, market opportunities, and future objectives. Interested conference participants can schedule meetings through Dana Rubenstein. The company's participation aims to showcase its patented technology and unique value proposition in the e-mobility sector.

REE Automotive reported Q3 2024 results showing significant growth in reservations, which increased 230% to $137 million. The company began production of its P7 medium-duty electric truck, targeting first deliveries in H1 2025. Liquidity improved by 47% to $88.8 million in cash and equivalents compared to Q2 2024. The company secured funding of up to $65 million, including $33 million in credit facilities.

Q3 GAAP net loss was $38.5 million compared to $10.8 million in Q2 2024. Free cash flow burn narrowed by 15% year over year. The company's service network expanded to 80 locations across North America, and their demo program received positive feedback after 300+ demonstrations.

REE Automotive has been named a CES 2025 Innovation Awards honoree for its P7-S Software-Defined EV Chassis in the Vehicle Tech & Advanced Mobility category. The P7-S is a Class 4-5 electric vehicle platform featuring full by-wire technology and autonomous-ready capabilities. Built with four identical REEcorners® that integrate steering, braking, suspension, powertrain, and control into single compact modules, the platform offers all-wheel steering and drive functionality. The P7-S is currently being evaluated by U-Haul as their first EV solution.

REE Automotive (Nasdaq: REE), an automotive technology company specializing in full by-wire electric trucks and platforms, has announced it will release its third quarter 2024 financial results before market opening on Tuesday, December 17, 2024. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the financial results for the quarter ended September 30, 2024, recent events, and conduct a Q&A session.

REE Automotive announced two key appointments effective November 15, 2024. Rajesh Goel, president at Motherson Group, joins the board of directors to support REE's production strategy amid rising electric truck demand. Additionally, Hai Aviv returns as Chief Financial Officer to lead the company's North American expansion. Aviv, who previously served as CFO from 2018-2022, brings over 18 years of experience in public company financial leadership. The appointments strengthen REE's executive leadership as the company focuses on scaling its electric vehicle technology and meeting fleet demands.