NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, will participate in the 27th Annual Needham Growth Conference in New York City on January 14, 2025. Company leadership including the CEO and co-founder Daniel Barel, CFO Hai Aviv and Chief Strategy Officer Dana Rubenstein will participate in 1-on-1 meetings to discuss the company's software-defined vehicle (SDV) technology, market opportunities and goals for the future. Conference participants may schedule a meeting with REE by contacting Dana Rubenstein at [email protected]. To learn more about REE Automotive's patented t

Demand for Powered by REE vehicles surges as reservations grow by 230% to $137 million* including reservations for production that extend beyond 2025.Significant progress toward integration of REEs software defined vehicle technology (SDV) into leading OEMs in several vehicle categories. Production of flagship P7 medium duty electric truck kicked-off according to plan targeting first deliveries in H1 2025 supported by strategic partner Motherson and Detroit-based Roush Industries. Production ramp up is targeted for H2 2025 reaffirming Company's target to reach bill-of-materials (BoM) breakeven in H2 2025 in the low hundreds of vehicles.REE's Autonomous-ready X by-wire architecture continues

-The P7-S stripped chassis is a software-defined Class 4-5 electric vehicle (EV) platform that is fully by-wire, autonomous-ready and aims to be the basis for the auto industry to build software-defined vehicles (SDV) -Currently, the P7-S is being evaluated by U-Haul as their first EV solution TEL AVIV, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its P7-S Software-Defined EV Chassis has been named a 2025 CES Innovation Awards® honoree in the Vehicle Tech & Advanced Mobility product category, recognizing the platform'

TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its third quarter 2024 financial results before the market opens on Tuesday, December 17, 2024. A webcast and conference call will be held on the same day at 8:30 a.m. ET to review the Company's financial results for the three months ended September 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Third Quarter 2024 Financial Results Conference CallDate: Tuesday, December 17, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.veve

TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at Motherson Group ("Motherson"), to its board of directors and announced the return of Hai Aviv as Chief Financial Officer (CFO) to lead REE's North American expansion. Both appointments take effect on November 15, 2024. Motherson Group is strengthening its commitment to REE, with the appointment of Rajesh Goel to the Board of Directors. Rajesh's extensive automotive background, including his current leadership role at Mothers

- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights- Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los Angeles October 28-30 TEL AVIV, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that CEO and co-founder Daniel Barel will speak at Reuters Automotive USA in Detroit and Chief Operations Officer Josh Tech will present at the LD Micro Main Event XVII in Los Angeles. Both events are highly prestigious, with audi

Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needsSigned strategic agreement with Motherson, a global automotive supplier, to strengthen REE's supply chain management and cost structure, improve working capital efficiencies and expand outreach to global OEMsKicked-off U.S. production in Michigan with Roush as contract manufacturer for full vehicle assembly, with start of production planned for Q4 2024 and deliveries in 2025Narrowed Q2 2024 net loss by 57% QoQ while concurrently reducing free cash flow burn by 19% QoQIncreased order book by 15% QoQ, and by 289% YoY, which is valued at approximately $60 million to date as demand for P

Production of P7 electric truck line-up to begin Q4 2024 at Roush's facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks.Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit. Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.Customers have begun securing production slots. TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provid

TEL AVIV, Israel, Sept. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its second quarter 2024 financial results before the market opens on Sept. 26, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended June 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Second Quarter Financial Results Conference CallDate: Thursday, Sept. 26, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.vevent.com/register/

Motherson is a global engineering and manufacturing specialist and one of the world's leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries.Combining Motherson's manufacturing expertise and supply chain might with REE's market-leading software-defined EV product line-up promises to create a dominant new force in the electrified commercial vehicle market globally, allowing REE to provide OEMs and global fleet owners an innovative product portfolio.Motherson will oversee supply chain management, leveraging manufacturing capabilities for components, module integration, REEc

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TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its third quarter 2024 financial results before the market opens on Tuesday, December 17, 2024. A webcast and conference call will be held on the same day at 8:30 a.m. ET to review the Company's financial results for the three months ended September 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Third Quarter 2024 Financial Results Conference CallDate: Tuesday, December 17, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.veve

TEL AVIV, Israel, Sept. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its second quarter 2024 financial results before the market opens on Sept. 26, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended June 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Second Quarter Financial Results Conference CallDate: Thursday, Sept. 26, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.vevent.com/register/

TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and conduct a question-and-answer session. Event: REE's First Quarter Financial Results Conference CallDate: Thursday, May 30, 2024Time: 8:30 a.m. ETConference Call Dial-InWebcast Reg

TEL AVIV, Isreal, March 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, will release its fourth quarter and fiscal year 2023 financial results before market open on Wednesday, March 27, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the fourth quarter and fiscal year 2023, discuss recent events and conduct a question-and-answer session. The live webcast of the conference call can be accessed on the Investors section of the Company's website at investors.ree.auto. Click

TEL AVIV, Israel, Nov. 30, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results for the third quarter ended September 30, 2023, through a shareholder letter posted on the company's investor relations website HERE. The company will also hold a conference call today, November 30, 2023 at 8:30 a.m. ET. The live webcast of the conference call can be accessed on the Investors section of the Company's website HERE. For the telephone conference online registration click HERE. Q3 23 Highlights: Expanded our dealer network, resulting in more than doubling initi

TEL AVIV, Israel, Nov. 22, 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 third quarter 2023 financial results before market open on Thursday, November 30, 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 financial results for the third quarter of 2023, discuss recent events and conduct a question-and-answer session. The live webcast of the conference call can be accessed on the Investors section of the Company's website at investors.ree.auto. Click here for webcast

TEL AVIV, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results for the second quarter ended June 30, 2023, through a shareholder letter posted on the company's investor relations website at https://ree.auto/lp/shareholders-letter-2q23/ The company will also hold a conference call today, August 29, 2023 at 8:30 a.m. ET. The live webcast of the conference call can be accessed on the Investors section of the Company's website. Click here for webcast URL. For the telephone conference online registration click here. Q2 23 Highlights: REE co

TEL AVIV, Israel, May 23, 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 its financial results for the first quarter ended March 31, 2023, through a shareholder letter posted on the company's investor relations website at https://investors.ree.auto. The company will also hold a conference call today, May 23 at 8:30 a.m. ET. The live webcast of the conference call can be accessed on the Investors section of the Company's website. Click here for webcast URL. For the telephone conference online registration click here. 1Q23 Highlights: REE remains focused on

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. A webcast and conference call will be held on the same date at 8:30 a.m. Eastern Time to review the Company's financial results for the first quarter of 2023, discuss recent events and conduct a question-and-answer session. The live webcast of the conference call can be accessed on the Investors section of the Company's website at investors.ree.auto. Click here for webcast UR

Achieved key development milestones in 2022 on time and in line with budget with total operating expenses of $127 millionLiquidity of $154 million supports anticipated non-GAAP operating expense of $70-$75 million for 2023 with P7 program fully funded into commercializationStrong order book growth for Powered by REE vehicles growing customer base from 2 to 8 since reporting 3Q22 results with 35 firm orders as of todayDelivered 2 prototypes to an OEM for customer evaluation and testingGrew our go to market strategy by achieving direct sales and entering into additional dealership agreements in the USProvided suppliers with 2023-24 production forecast; built the first batch of production inten

TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at Motherson Group ("Motherson"), to its board of directors and announced the return of Hai Aviv as Chief Financial Officer (CFO) to lead REE's North American expansion. Both appointments take effect on November 15, 2024. Motherson Group is strengthening its commitment to REE, with the appointment of Rajesh Goel to the Board of Directors. Rajesh's extensive automotive background, including his current leadership role at Mothers

TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE's 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE's Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. "I would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prep

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. Mr. Zaltsman is an experienced CFO and Board Member of several publicly listed co

TEL AVIV, Israel, April 05, 2022 (GLOBE NEWSWIRE) -- REE Automotive ("REE") (NASDAQ:REE), today announced the appointment of operations and manufacturing executive Josh Tech as the company's chief operations officer (COO). Josh joins REE after serving on Tesla's Operations Leadership Team as Head of the New Product/Manufacturing Introduction group. Previously, he oversaw manufacturing development and launch at a worldwide leader in automotive exterior design, development, and manufacturing, and most recently served as Vice President of Manufacturing and Engineering for one of America's most advanced construction technology firms, Plant Prefab. Based in the U.S., Josh replaces Michael Charl

LAS VEGAS, Jan. 6, 2022 /PRNewswire/ -- REE Automotive ("REE") (NASDAQ:REE), today announced the appointment of automotive industry finance executive David Goldberg as the company's Chief Financial Officer (CFO) effective Feb 2022.  Mr. Goldberg joins REE from Magna International, one of the world's largest automotive suppliers, where he is currently Senior Vice President of Corporate Development, following a role as Vice President of Finance and Corporate Development at the company.  Mr. Goldberg brings to REE 20 years of experience in corporate finance, mergers & acquisitio

Expanded Board Enhances Financial and Governance Expertise Supporting ESG Commitments REE Automotive Ltd. (NASDAQ:REE), a leader in e-mobility, announced today that it has expanded its Board of Directors, appointing two new independent members. The additional board members deepen and diversify its leadership as the company progresses towards technology maturation and commercial production in 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211026005784/en/Michal Brikman (Photo: Business Wire) REE has appointed seasoned veterans Ms. Michal Brikman and Ms. Lilach Geva-Harel, who bring a wealth of public company financial, corp