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REE Automotive's first Class 4 P7-C demo electric chassis cab with Knapheide's KUV body arrives in the U.S., showcasing REE's by-wire technology and Knapheide's work truck bodies at NTEA Work Truck Week.
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-11.4%
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REE Automotive Ltd. (Nasdaq: REE) has announced the achievement of U.S. FMVSS and EPA certifications for its P7-C electric chassis cab, making it the first fully by-wire truck to receive these certifications. The company has initiated customer deliveries of demonstration trucks and expects to be eligible for over $100,000 of incentives per vehicle with additional state credits. The P7-C is also eligible for a U.S. federal tax credit of up to $40,000 per vehicle. REE's proprietary REEcorner™ and x-by-wire technology offer various benefits, including superior maneuverability, enhanced safety, improved ergonomics, and more efficient maintenance.
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1.49%
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REE Automotive Ltd. (Nasdaq: REE) announced that leading U.S. fleets, in partnership with certified REE dealer FMI Trucks, plan to evaluate the P7-C medium-duty electric demo truck. The demo aims to showcase the P7-C’s driver-centric cabin, modular design, and improved maneuverability. FMI Trucks is among the first dealers to receive the brand-new P7-C electric truck from REE’s initial production batch for their fleet customers to review. This move aligns with REE's commitment to redefining the automotive landscape and FMI's pursuit to offer cutting-edge vehicles for electrification.
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6.61%
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REE Automotive Ltd. announced that Monarch Truck Center will be among the first certified dealers to receive a P7-C medium-duty by-wire electric demo truck. The truck will be tested by large fleet customers including Canteen, Stanford University, and the City of San Jose. Monarch's fleet customers will evaluate the benefits of the P7-C, including its driver-centric cabin, modular upfitting designs, and improved maneuverability.
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-2.37%
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REE Automotive Ltd. (Nasdaq: REE) announced the beginning of customer deliveries of its P7-C electric chassis cab, the first fully by-wire truck to achieve U.S. FMVSS and EPA certifications. The P7-C vehicles are eligible for a US federal tax credit of up to $40,000 per vehicle and are expected to be eligible for over $100,000 of incentives per vehicle with additional state credits.
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22.81%
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REE Automotive Ltd. (Nasdaq: REE) reported strong growing demand for P7, focused operational efficiencies, and plans to ship first demo vehicles to customers in December. The company expanded its dealer network, doubled initial order book value to $43 million, and decreased net loss by 28% year-over-year. They ended Q3 2023 with liquidity of $101 million and secured an $8 million working capital investment. Additionally, they signed a multi-year autonomy program and shipped a P7-C prototype to a leading aerospace corporation.
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REE Automotive (NASDAQ: REE) will release its third quarter 2023 financial results on November 30, 2023, before market open. A webcast and conference call will be held to review the financial results, discuss recent events, and conduct a Q&A session.
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REE Automotive Ltd. has regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2). The company maintained a closing bid price at or greater than $1.00 per ordinary share for the last 10 consecutive business days from October 18, 2023, to October 31, 2023.
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5.34%
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REE Automotive's initial order book value has doubled since late August 2023, reaching approximately $40 million. Midwest Transit Equipment (MTE), a leading bus dealer in the US, has placed a binding order for REE's electric trucks. Deliveries are scheduled to begin in Q1 2024.
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-6.25%
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REE Automotive announces CEO's participation in shareholder fireside chat
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-4.99%
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REE Automotive Ltd.
Nasdaq:REE
REE Rankings
REE Stock Data
42.99M
7.71M
23.75%
24.33%
1.22%
Automobile Manufacturing
Manufacturing
United States of America
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