REE Automotive Ltd. Class A Ordinary Shares
REEREE Automotive Ltd. is an innovative automotive technology company focused on developing and manufacturing electric vehicle (EV) platforms and components. The company specializes in flexible, lightweight electric vehicle architectures designed to support a wide range of vehicle types, from commercial to passenger vehicles. REE aims to revolutionize EV manufacturing through its use of modular, scalable platforms that integrate advanced drive and steering systems, enabling increased customization and efficiency in electric vehicle production.
Company News
REE Automotive and Mitsubishi Fuso have signed a memorandum of understanding to collaborate on developing software-defined vehicle technology, with a one-year evaluation phase to convert a Mitsubishi Fuso eCanter electric truck using REE's zonal SDV architecture.
REE Automotive secures $45.35 million from investors, including M&G Investments and Motherson, to support its production and supply chain management for electric trucks. The strategic alliance with Motherson will enhance REE's manufacturing capabilities and support its EV fleet expansion.
REE Automotive (REE) delivered earnings and revenue surprises of -8.29% and 60%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
The Inflation Reduction Act isn't going to be a panacea for all EV companies.
