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) announced strong customer feedback for its Proxima Powered by REE and P7-B electric vehicle platforms, with orders expected from leading delivery and logistics companies following successful evaluations. The company is on track for 2023 production, with integration centers progressing as planned. Financial highlights include a GAAP net loss of $25.2 million for Q2 2022, which reflects an increase from the previous quarter but a decrease from the same quarter last year. REE maintains an optimistic market outlook, supported by $206.8 million in liquidity.
REE Automotive announced the launch of the P7-B, an all-electric class 3 box truck designed for the growing delivery vehicle market. The P7-B features a payload capacity of up to 4,400 lbs and a range of 150 miles. Following successful customer evaluations, it is on track for production in 2023. The P7-B utilizes REEcorner x-by-wire technology, enhancing vehicle agility and reducing total cost of ownership. These advancements are aimed at meeting the demands of commercial EV fleets, providing them with customizable solutions for electrification.
REE Automotive (NASDAQ: REE) will release its Q2 2022 financial results before NASDAQ opens on August 16, 2022. A conference call to discuss the results will occur at 8:30 a.m. ET the same day. REE is a leader in electric vehicle platforms, aiming to empower manufacturers to create bespoke electric and autonomous vehicles through its REEcorner™ technology. The company emphasizes a CapEx-light manufacturing model and has partnerships with notable firms like Hino Motors and Magna International.
REE Automotive (NASDAQ: REE) is hosting an investor event on July 28, 2022, live from the American Center for Mobility in Ypsilanti, Michigan. The event will showcase the first electric walk-in van powered by REE's P7 electric chassis and feature a business update from management, including CEO Daniel Barel and CFO David Goldberg. This initiative follows positive evaluations of the new electric van, which utilizes REEcorner technology to enhance driver ergonomics and operational efficiency.
REE Automotive (Nasdaq: REE) is collaborating with EAVX and Morgan Olson to launch the Proxima, a newly designed fully drive-by-wire walk-in step van. Live demonstrations are being held for prospective customers to evaluate Proxima's benefits, including a nearly 60% reduction in drag and enhanced driver safety features. The initiative aims to reduce the total cost of ownership and address industry challenges, such as driver shortages and increased demand for deliveries. The Proxima is set to revolutionize fleet electrification with modular designs and improved operational efficiencies.
EAVX and Morgan Olson, subsidiaries of JB Poindexter & Co, unveiled the new Proxima Class 5 walk-in step van, showcasing innovative technology aimed at enhancing commercial delivery vehicles. Proxima boasts improved aerodynamics, driver ergonomics, visibility, and safety. It integrates advanced digital vehicle infrastructure, VX Control™, allowing various technologies to operate cohesively. The vehicle is versatile, accommodating both electric and internal-combustion powertrains. EAVX is collaborating with REE Automotive (NASDAQ: REE) for its electric chassis, with evaluation events for potential customers planned in Detroit.
REE Automotive Ltd. (NASDAQ: REE) is set to host an investor and analyst event on July 28 at 11 a.m. ET at the American Center for Mobility in Ypsilanti, Mich. The event will showcase REE's P7 electric chassis in collaboration with EAVX and Morgan Olson. Participants will witness a live demonstration of the new walk-in step van body and engage in a Q&A with REE leadership. This event follows initial customer tests as REE builds its order book ahead of production start in 2023.
REE Automotive Ltd. (NASDAQ: REE) reported a GAAP net loss of $23 million for Q1 2022, showing progress in production capabilities and customer validation for its P7 platform. The integration center in Coventry aims for production capacity of 10,000 vehicle sets by year-end 2022. Positive feedback has been received from pipeline customers, including global OEMs. The company continues its commercialization efforts, preparing for the delivery of prototypes this summer, while maintaining a liquidity of $239 million.
On May 17, 2022, EAVX and REE Automotive unveiled their fully electric walk-in step van prototype set for customer evaluation this summer. This vehicle, built on REE's modular P7 platform, is the first fully drive-by-wire walk-in van. Evaluations will take place in Detroit, targeting retail and logistics customers. The P7 platform supports vehicles with payloads up to 8,800 pounds and a range of 370 miles. This development marks a significant step in EAVX's mission to enhance commercial vehicle electrification and offers unique benefits and efficiencies for various applications.
REE Automotive Ltd. (NASDAQ: REE) announces progress toward commercial production with proven robotic assembly capabilities at its UK Integration Center in Coventry. This facility will focus on the P7 electric platform for various commercial vehicles, initially targeting a capacity of 10,000 vehicle sets by year-end, expected to double in 2023 with a new Austin, Texas center. The company partners with Rockwell Automation for technology to enhance efficiency and scalability. This initiative marks a crucial step in establishing REE's innovative cloud-based manufacturing model and advancing EV platform commercialization.
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