REE Automotive Ltd

REE Automotive Ltd. operates as an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. The firm's EV platforms are designed to provide customers with complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower total cost of ownership and comply with zero-carbon regulations. It operates through the following segments: REE and the Softwheel segment. The REE segment includes the activity related to the development of the REE platform. The Softwheel segment included the activity related to production and selling of wheels for personal mobility. The company was founded by Daniel Barel and Ahishay Sardes on January 16, 2011 and is headquartered in Herzliya, Israel.

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REE Automotive impresses with innovative trucks and revenue growth outlook

REE Automotive's Q1 2024 performance reflects strong momentum, innovative technology, and promising market acceptance. While facing challenges in scaling production and financing, the company's strategic partnerships and manufacturing plans position it for growth. With a solid order book and revenue expectations, REE has opportunities to capitalize on market demand and advance its technology applications.

REE Automotive reports improved Q2 performance and strategic partnerships

REE Automotive's Q2 2024 performance showed significant improvement in net loss reduction and liquidity position, driven by strategic initiatives and partnerships.
While challenges such as production scalability and cost efficiencies persist, opportunities in partnerships and market demand present avenues for growth.
Analyst inquiries highlighted areas for improvement, emphasizing the need for effective execution and strategic decision-making to capitalize on opportunities.

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REE Automotive Ltd. operates as an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. The firm's EV platforms are designed to provide customers with complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower total cost of ownership and comply with zero-carbon regulations. It operates through the following segments: REE and the Softwheel segment. The REE segment includes the activity related to the development of the REE platform. The Softwheel segment included the activity related to production and selling of wheels for personal mobility. The company was founded by Daniel Barel and Ahishay Sardes on January 16, 2011 and is headquartered in Kibbutz, Israel.

TEL AVIV, Israel, Aug. 28, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it is working in partnership with Knapheide, North America's most popular manufacturer of work truck bodies and truck beds, to create full electric vehicle solutions. Knapheide will upfit REE's P7-C chassis cabs to meet the requirements for fleet customers across all electric vehicle types ranging from Class 3-5.

REE Expands P7-C Product Offering with Knapheide Bodies and Upfit Solutions

TEL AVIV, Israel, Aug. 15, 2023 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and provider of electric vehicle platforms and EVs, announced today it will release its second quarter 2023 financial results before market open on Tuesday, August 29, 2023.

REE Automotive, Ltd. Announces Date for Second Quarter 2023 Earnings Release and Conference Call

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REE Automotive Ltd (NASDAQ:REE ) Q1 2023 Results Conference Call May 23, 2023 8:30 AM ET Company Participants Kamal Hamid - Investor Relations Daniel Barel - Chief Executive Officer Yaron Zaltsman - Chief Financial Officer Joshua Tech - Chief Operating Officer Tali Miller - Chief Business Officer Conference Call Participants Mike Shlisky - D.A. Davidson Colin Langan - Wells Fargo Jeff Osborne - TD Cowen Operator Good day, and thank you for standing by.

REE Automotive Ltd (REE) Q1 2023 Earnings Call Transcript

Continued growth in authorized dealer network and orders, on track for initial production and pilot deliveries by the end of 2023 Continued growth in authorized dealer network and orders, on track for initial production and pilot deliveries by the end of 2023

REE Automotive Announces First Quarter 2023 Financial Results

TEL-AVIV, Israel, May 15, 2023 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and provider of electric vehicle platforms and EVs, announced today it will release its first quarter 2023 financial results before market open on Tuesday, May 23, 2023.

REE Automotive, Ltd. Announces Date for First Quarter 2023 Earnings Release and Conference Call

ANAHEIM, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today revealed P7-C, a Class 4 chassis cab offering a new cabin design built on REE's P7 modular electric platform. Customers will be able to place orders for the entire P7 electric truck lineup at ACT Expo in REE's booth #6927.

REE Automotive Unveils P7-C Chassis Cab, a New Addition to its P7 Electric Truck Lineup, on Track for Deliveries in Q4 2023, Dealer Network Expands

TEL AVIV, Israel, March 28, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the “SEC”).

REE Automotive Ltd. Files Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2022

REE Automotive Ltd. (NASDAQ:REE ) Q4 2022 Earnings Conference Call March 16, 2023 8:30 AM ET Company Participants Kamal Hamid - Vice President, Investor Relations Daniel Barel - Co-Founder and Chief Executive Officer Tali Miller - Chief Business Officer Josh Tech - Chief Operating Officer Yaron Zaltsman - Incoming Chief Financial Officer Conference Call Participants Mike Shlisky - D.A.

REE Automotive Ltd. (REE) Q4 2022 Earnings Call Transcript

Strong order book growth; initial deliveries slated to begin in 4Q23 Strong order book growth; initial deliveries slated to begin in 4Q23

REE Automotive Announces Fourth Quarter 2022 Financial Results

TEL-AVIV, Israel, March 15, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today announced that David Goldberg, who has served as Chief Financial Officer since 2022, will be stepping down from his current executive duties on March 28, 2023, to pursue other career opportunities. He will continue to work with the company through the end of June 2023 in a new role as a senior advisor. David will be succeeded by Mr. Yaron Zaltsman who has been appointed Chief Financial Officer effective March 29, 2023.

REE Automotive Appoints New Chief Financial Officer, Announces New Board Members to Position the Company for Continued Growth in 2023

TEL-AVIV, Israel, March 09, 2023 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and provider of electric vehicle platforms and EVs, announced today that the Company will release its fourth quarter 2022 financial results before the NASDAQ market opens on Thursday, March 16, 2023. A webcast and conference call will be held on the same date at 8:30 a.m. Eastern time to review the Company's results, discuss recent events and conduct a question-and-answer session.

REE Automotive, Ltd. Announces Date for Fourth Quarter 2022 Earnings Release and Conference Call

INDIANAPOLIS, March 09, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today announced the names of the first US dealers that will be offering Powered by REE EVs to end customers looking to electrify their commercial fleets, as part of REE's go-to-market approach of signing authorized dealers. Initial deliveries to these dealers are slated to begin in Q4 2023.REE will offer training to authorized dealers to certify technicians to provide service on Powered by REE vehicles. The dealers include the previously unnamed customers, Pritchard EV , a nationwide distributor and subsidiary of Pritchard Companies, and the Southern California-based dealer Tom's Truck Center . The company today also announced that Industrial Power & Truck Equipment (IPT) and New England Truck Solutions (NETS) are new dealers for the US market.

REE Automotive Names Authorized Dealers for The United States

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TEL-AVIV, Israel, Feb. 10, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and developer of electric vehicle platforms, announced that it received a notice of deficiency (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”). The non-compliance cited by Nasdaq in the Notice is the result of the previously-announced departure of Ms. Lilach Geva-Harel from her position on the audit committee of the Company's board of directors. With the departure of Ms. Lilach Geva-Harel, the Company is currently not in compliance with Nasdaq Listing Rule 5605(c)(2)(A) requiring three members on its audit committee.

REE Automotive Ltd. Announces Receipt of Notice of Deficiency from Nasdaq Resulting from Previously Announced Departure of Director

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HOUSTON--( BUSINESS WIRE )--Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, and REE Automotive, Ltd. (NASDAQ: REE), an automotive technology company and provider of electric vehicle platforms and EVs, announced today the signing of a supply and purchase agreement.

REE Automotive Names Microvast as Battery Pack Supplier for Its Commercial EV Platforms

REE Automotive is down 91% over the last 12 months. This has triggered a race to regain compliance with Nasdaq's minimum listing requirements. The company's cash position is falling as free cash burn continues to stack up ahead of Start of Production.

REE Automotive: Good Execution But Headwinds Abound

REE Automotive Ltd. (NASDAQ:REE ) Q3 2022 Earnings Conference Call November 16, 2022 8:30 AM ET Company Participants Kamal Hamid - VP, IR Daniel Barel - Co-Founder and CEO Josh Tech - COO David Goldberg - CFO Conference Call Participants Mike Shlisky - D.A.

REE Automotive Ltd. (REE) Q3 2022 Earnings Call Transcript

Commercialization phase underway with first orders; on track and on budget for start of production Commercialization phase underway with first orders; on track and on budget for start of production

REE Automotive Announces Third Quarter 2022 Financial Results

TEL-AVIV, Israel, Nov. 10, 2022 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology company and provider of electric vehicle platforms, received a notification on November 7, 2022 from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it no longer satisfies Nasdaq Listing Rule 5450(a)(1) because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company's Class A Ordinary Shares, without par value (“Ordinary Shares”) had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”).

REE Automotive Ltd. Updates That It Has Received Nasdaq Notification Regarding Minimum Bid Price Requirement

TEL-AVIV, Israel, Nov. 02, 2022 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle platforms, announced today that the Company will release its third quarter 2022 financial results before the NASDAQ market opens on Wednesday, November 16, 2022. A webcast and conference call will be held on the same date at 8:30 a.m. Eastern time to review the Company's results, discuss recent events and conduct a question-and-answer session.

REE Automotive, Ltd. Announces Date for Third Quarter 2022 Earnings Release and Conference Call

TEL AVIV, Israel, Sept. 23, 2022 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, announced today the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase Class A ordinary shares of the Company, without par value (the “Class A ordinary shares”), which warrants trade on the Nasdaq Stock Market (“Nasdaq”) under the symbol “REEAW” (the “public warrants”), and (ii) related private placement warrants to purchase Class A ordinary shares (the “private placement warrants” and, together with the public warrants, the Warrants”). The Offer and Consent Solicitation expired at midnight (end of day), Eastern Time, on September 22, 2022.

REE Automotive Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to Warrants

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TEL AVIV, Israel, Aug. 25, 2022 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase Class A ordinary shares of the Company, without par value (the “Class A ordinary shares”), which warrants trade on the Nasdaq Stock Market (“Nasdaq”) under the symbol “REEAW”(the “public warrants”) and (ii) related private placement warrants to purchase Class A ordinary shares (the “private placement warrants” and, together with the public warrants, the “warrants”). The warrants were assumed by REE in connection with its business combination with 10X Capital Venture Acquisition Corp. on July 22, 2021. The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future.

REE Automotive Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

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