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 filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC. The report is accessible on both the SEC's website and REE’s Investor Relations site.
REE is known for its innovative EV platforms, which allow the creation of versatile electric vehicles. The company emphasizes its unique REEcorner technology, integrating crucial components for EVs, ultimately facilitating diverse vehicle designs and reducing time-to-market for electrification in fleets.
REE Automotive Ltd. (NASDAQ: REE) reported a strong order book growth with firm orders increasing from 2 to 8 customers, totaling 35 orders for its Powered by REE vehicles. The company achieved key development milestones on time with operating expenses of $127 million in 2022 and forecasts 2023 non-GAAP expenses between $70-$75 million, supported by liquidity of $154 million. Initial vehicle deliveries are expected in 4Q23, aiming for COGS breakeven in low hundreds of vehicles and adjusted EBITDA breakeven in low thousands.
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