REE Automotive

Last updated
REE Automotive, Ltd.
Native name
רי אוטומוטיב
Formerly
  • SoftWheel (2011–2019)
Company type Public
Nasdaq:  REE
Industry
FoundedJanuary 16, 2011;14 years ago (2011-01-16) in Israel
Headquarters
Area served
  • North America [1]
Key people
  • Daniel Barel (CEO)
  • Ahishay Sardes (CTO)
Products
Production output
  • Increase2.svg 25 test vehicles (2023)
Services
  • commercial EV fleet financing
  • replacement EV batteries
  • EV charging infrastructure
  • EV servicing
Number of employees
244 (March 2024)
Website ree.auto
Footnotes /references
FORM 20-F for the fiscal year 2023 [2]

REE Automotive, Ltd. is a commercial electric vehicle developer and manufacturer. The company's electric vehicle platform features independent interchangeable corner modules, dubbed REECorners. The corner modules are positioned directly adjacent to each wheel, and they encapsulate all of the vehicle's drive systems such as the motor, inverter, steering, brakes, and suspension. They are controlled electronically, by-wire, allowing for a completely flat platform chassis onto which custom chassis bodies can be attached.

Contents

The company operates a research and development center for its corner modules and its vehicle software in Israel, and an engineering and manufacturing center in the United Kingdom. Final vehicle assembly, sales, and customer service operations are based in the United States. [3] : 17m25s 

REE Automotive plans as of June 2024 to sell truck fleets to rental companies such as Penske and U-Haul, provide its corner modules to truck manufacturers such as Hino, and sell trucks to various fleet operators through its distributor network. [4] The company expects as of January 2025 to start deliveries of scale-production vehicles in the first half of 2025, deliver several hundreds of vehicles in the second half of 2025, and ramp up production to the thousands of vehicles in 2026. [5]

Founding

SoftWheel

Before changing its name to REE Automotive, the company was called SoftWheel. [6] SoftWheel was founded in 2011 by Gilad Woolf. Woolf engaged the services of Amihai Gros and the services of Ahishai Sardes of Ziv Av Engineering, who developed a wheelchair wheel with an embedded suspension system. [7] Daniel Barel joined as CEO in 2013 after learning of the company through Gros. [8] In 2014 SoftWheel raised three million dollars in an effort to enter the electric bicycle market with its in-wheel selective suspension system, which is stiff while riding on level surfaces, and becomes shock-absorbent upon impacts. [7] [9] [10] The wheels retailed at $1800 a pair. [11]

Shift to the automotive industry

Faced with its investors potentially pulling funding and shutting down the company, SoftWheel began developing in-wheel shock absorbers for bicycles, motorcycles, and automobiles. [12] By mid-2017, the company planned to manufacture products for bicycles and develop a product for automobiles, raising a total of 15 million USD, with plans for two more assembly lines in addition to its existing ones for wheelchair wheels in Israel and the United States. [13] The company raised an additional $25 million in 2018 in an effort to pivot its business to the automotive market, [14] for a total of $40 million, partly from investors in the automotive industry such as Mitsubishi and Musashi Seimitsu. [14] [15]

Daniel Barel announced the company's new name, REE, at the EcoMotion convention in June 2019, where he unveiled an automotive platform for autonomous delivery vehicles. The name-change signifies "reinventing" the car by discarding the mechanical connections between the wheels in favor of electronic by-wire control. [16]

Initial stock market financing

The company expected to raise 436 million USD through a special-purpose acquisition company merger with 10X Capital Venture Acquisition Corp, of which $200 million were expected from 10X Capital investors. Three-quarters of the 10X Capital shares were redeemed by investors upon the merger, reducing the raised capital by about $153 million. [17] A total of $285 million were raised by the company when going public on NASDAQ on July 23, 2021, resulting in about $318 million in cash on-hand, and a valuation of about three billion dollars. [18] The CEO said that while vertical automotive companies require 20 billion dollars or more to develop their supply chain and manufacturing capabilities, the company is set to achieve serial manufacturing and commercialization of its first product line through its horizontal business alliances using its $300 million in cash. [19]

Following the merger, REE Automotive's valuation dropped significantly, reaching a low of about $40 million in September 2024. [20] The company had no substantial revenue by February 2023, when it laid-off 31 employees which were approximately 11% of its workforce. [21] The company expected in May 2023 that its cash runway will finance its operations past its test fleet deliveries and into the scaling-up of its business. [22]

Production at scale

After beginning production in 2023, the company raised $24 million and planned to raise a further $10 million in working capital for production in 2024 and for tooling for its full-scale production in the United States in 2025, alongside a 25% reduction in its cash burn rate in 2023 and a further planned 25% reduction in 2024. [23] The company revised its production plans in 2024, choosing to utilize the contract manufacturing services of Roush Industries and the supply-chain services of Samvardhana Motherson, reducing its cash burn rate while pushing the start of production to the fourth quarter of 2024 [24] and the start of customer deliveries of scale-produced vehicles to the first half of 2025. [25] The company entered an agreement in September 2024 with Motherson, which became its exclusive supply chain expansion and management partner, and shared commercial operations partner. [26] Motherson invested $45 million in REE Automotive which the company intends to use as working capital for full-scale production in 2025. [27]

The company expects as of December 2024 to start deliveries of scale-production vehicles in the first half of 2025, [25] and expects break-even for BOM in the second half of 2025 on the sale of several hundreds of vehicles, and positive EBITDA in 2026 on the sale of several thousands of vehicles. [5]

Business model

REE Automotive is structured for a capex-light business model with horizontal alliances with tier-one manufacturers. [19] [28] Among its partners are American Axle, Mahindra & Mahindra, Musashi Seimitsu, and KYB. [29] The company says that unlike Tesla or Rivian who spend billions of dollars building manufacturing capacity, REE Automotive uses its partners' existing excess manufacturing capacity which allows it to quickly scale up production. The company assembles parts provided by its partners onto its corner modules and platforms at the company's manufacturing facilities. [28] [30] The company aims to provide, along with its partners, "a full turn-key solution" for electric vehicle fleets, which includes the sale of full vehicles, and services such as vehicle financing and charging infrastructure. These services are meant to allow companies' fleets to transition from internal combustion engine vehicles to electric vehicles. [31]

Competition

Small commercial electric vehicle startups like REE Automotive attempted to fill the void in commercial EV offerings left by traditional automotive manufacturers in the late 2010s. The startup companies expected to beat the traditional manufacturers to market, or partner with them, or be acquired by them. Traditional manufacturers like Ford and GM have since started to fill the commercial EV void, bringing the small manufacturers into direct competition with them and leading to difficulties in raising funding and generating sales to large customers. [32] [33] This put small manufacturers like Arrival, Canoo, Lordstown, and ELMS in financial difficulties. REE Automotive hopes to overcome these issues with its P7 offerings and its horizontal business model. [34] [33]

Total addressable market

As of June 2024 REE Automotive plans to sell truck fleets to rental companies such as Penske and U-Haul, provide its corner modules to truck manufacturers such as Hino, and sell trucks to various fleet operators through its distributor network. REE estimates the total addressable market of its P7 platform is over 200,000 class 3 to class 5 trucks a year in the US, according to research by BloombergNEF. [4]

Technology

Corner modules

Simplified diagram of a corner module. Blue: motor and drive shaft. Green: steering mechanism. Red: wishbone suspension with twin dampers. Black: brake and park brake. Electric vehicle corner module simplified diagram.png
Simplified diagram of a corner module. Blue: motor and drive shaft. Green: steering mechanism. Red: wishbone suspension with twin dampers. Black: brake and park brake.

The core technology developed by REE Automotive is the corner module. These modules are located directly adjacent to each wheel, housing all of the vehicle's drive systems. The modules are controlled by-wire, eliminating the use of mechanical connections that are traditionally housed throughout the chassis, like a steering column, drive-train, and so on. This design allows for a flat platform chassis with more space for passengers or cargo, and easy replacement of each module. [16]

Prior to its initial fundraising on the stock market, the company developed five classes of corner modules for different vehicle classes up to 7 tonnes gross vehicle weight. [35] Following its fundraising shortfall, the company focused on developing and bringing a single product line to market, [19] based on the P7 corner module for up to 8.9 tonnes gross vehicle weight.

Each P7 corner module houses the following: a wheel-end drive unit co-developed with American Axle consisting of an electric motor with regenerative braking, a transmission, and an inverter; steering actuators developed by Trio; double wishbone suspension with twin dampers; brakes and braking actuators co-developed with Brembo; sensors; and an electronic control unit (ECU) based on Infineon AURIX running REE Automotive software that manages all the systems. A P7 platform includes four corner modules that are controlled in tandem by a central ECU. [36] [37]

Company representatives presented a production-intent P7 corner module in March 2023 at Work Truck Week, saying the module is fastened to the platform on a single plane entirely from the side of the vehicle, with no special tools. [38] The P7 platform's four corner modules are interchangeable, simplifying manufacturing and maintenance. A module may be removed and a new module fastened to the platform in 20 minutes, with a further 40 minutes of calibration for the vehicle to become operational again. [39]

Safety and security

Redundancy is implemented at the vehicle level and at the component level for fail-operational safety and fault detection. At the vehicle level, the central ECU can compensate for the failure of a corner module or one of its components by using the other three modules for corrective steering, braking, and propulsion. At the component level, many have built-in redundancy: the central ECU and each corner module ECU features two Infineon AURIX micro-controllers operating in a lockstep configuration, allowing for fault-detection; the ECUs are powered by redundant low-voltage batteries connected to redundant low-voltage power grids; there are redundant micro-controller communication networks; there are redundant medium voltage sources that power redundant steering actuators for each wheel; there are redundant sensors; and so on. These safety features are specified by the ISO 26262 standard level D. Vehicle cybersecurity is specified by the ISO/SAE 21434 standard and UNCE regulations 155, 156, and 157, and implemented using dedicated cryptographic modules that encrypt all communication between the ECUs and the drive system components. [40] [41]

Prototypes and concept cars

Autonomous vehicles

REE Automotive presented its first public prototype at the EcoMotion convention in June 2019. [16] Early prototypes shown in 2019 were dubbed the Air, Share, and Bolder. The prototypes offered two or four wheel-end motors with varying power ratings, attached to flat chassis platforms of varying sizes. Later, similar prototypes were dubbed the P1, P2, and P4. They were designed for 1.3, 2.5, and 4.5 tonne gross vehicle weight, respectively. All the prototypes were autonomous-ready, driven entirely electronically, by-wire. [42]

The Hino Flatformer employs the flat REE platform chassis but no corner modules. Pictured with an interchangeable upper body with package delivery cubbies. Hino FlatFormer 02.jpg
The Hino Flatformer employs the flat REE platform chassis but no corner modules. Pictured with an interchangeable upper body with package delivery cubbies.

An autonomous modular concept vehicle, dubbed Flatformer, was co-developed by REE Automotive and Hino Motors and displayed at the 2019 Tokyo Motor Show. [43] The Flatformer features a flat chassis platform that can have different chassis bodies interchanged autonomously on top of it, such as a body with package delivery cubbies, a body providing retail services, and a body for shuttling passengers. [44]

Autonomous vehicle developer Navya announced in April 2021 it partnered with REE for development of level 4 autonomous vehicles. [42] A concept vehicle for autonomous last-mile delivery, dubbed Leopard, was on display at CES 2022. [45] REE provided a passenger shuttle prototype in 2023 for the Belfast Harbour autonomous shuttle Harlander project. [46] [47] Airbus fitted a production P7-C truck with an A350 cockpit, using it in 2023 and 2024 to reproduce the ground taxiing of aircraft and develop autonomous taxiing capabilities before integrating them into an A350. [48]

Trucks

Morgan Olson demonstrated its Proxima delivery van in July 2022, a class 5 truck powered by the P7 modules and platform. [49] [50]

Production

REE Automotive P7-C class 4 electric truck REE Automotive P7-C class 4 electric truck with Knapheide vocational body Work Truck Week 2024 facing left.jpg
REE Automotive P7-C class 4 electric truck
REE Automotive P7 product line specifications
P7 platformP7-C
GVWR (lbs)10,000–18,30016,000
Payload (lbs)max 10,0006,000
Cargo volume (ft3)max 1,270950
Range estimatemax 210 mi169 mi
Peak horsepower536 (134×4)536
DriveRWD, FWD, AWDAWD
SteerFWS, AWSAWS
References [51] [52]

REE Automotive showcased its first prototype production corner module at CES 2022. [45] Seven months later, the company demonstrated a P7-based class 3 box truck, dubbed the P7-B. [53] At the ACT Expo in May 2023, the company showcased its pre-production P7-C class 4 cab chassis truck. [54]

The prototype P7 corner modules and chassis underwent road tests and durability testing, leading to production-intent prototypes suitable for 350,000 kilometres (220,000 mi) of service life [36] and designed for a baseline of 10 years or 250,000 kilometres (160,000 mi). [55] The P7 platform Microvast battery pack has been tested for a service life of 5000 to 7000 full charge cycles. [56] Platforms may be outfitted with two, three, or four 42 kWh battery packs depending on range and payload considerations. [3] : 30m27s 

Manufacturing

The company's first manufacturing facility was established in 2022 in Coventry, United Kingdom, [30] and was fully built-out by March 2023. [57] The assembly line is divided into automated and manual stations, with the corner modules being carried from one station to the next on autonomous robots. The assembled modules are then attached to a platform chassis, and finally a chassis body is attached. [30] Each facility is designed to initially produce corner modules for up to 10,000 vehicles a year with a single daily work shift. [39] Twenty-five production-intent test vehicles have been manufactured in 2023 for internal validation. [57] The first production P7-C intended for customers was driven off the production line in December 2023. [58]

Contract manufacturing

The first US production facility in Greater Austin, Texas, was scheduled to begin operations in 2023 [59] with plans to manufacture a few hundred vehicles in 2024, [57] but the build-out of the US production capacity has been delayed as a cost-reduction measure until late 2024 or early 2025. [23] The company revised its production plans in 2024, choosing to utilize the contract manufacturing services of Roush Industries and the supply-chain services of Samvardhana Motherson, reducing its cash burn rate while pushing the start of production to the fourth quarter of 2024. [24] The company as of January 2025 plans the start of customer deliveries of scale-produced vehicles to the first half of 2025, deliver several hundreds of vehicles in the second half of 2025, and ramp up production to the thousands of vehicles in 2026. [5]

Sales

The first P7 vehicles obtained FMVSS certification and were received by customers in early 2024. [60] The company sold individual trucks to rental companies such as Penske and U-Haul so they can evaluate them for their truck rental fleets. [61] The company had orders for over 900 trucks by December 2024 and plans to start fulfilling orders in the first half of 2025. [25]

Related Research Articles

<span class="mw-page-title-main">Oshkosh Corporation</span> American industrial company

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

<span class="mw-page-title-main">Aptera Motors</span> American solar electric vehicle startup

Aptera Motors Corp. is an American crowd funded, pre-production startup company based in Carlsbad, California. It was founded in 2005 before liquidating in 2011. The company was relaunched by the original founders in 2019.

Plasan is an Israeli-based company that now specializes in survivability solutions for all domains, the design, development and manufacture of protected vehicles, and most recently maneuvering robotics.

<span class="mw-page-title-main">Wheel hub motor</span> Electric motor in the middle of a wheel

A wheel hub motor, hub motor, or in-wheel motor is a motor that is incorporated into the hub of the wheel. Wheel-hub motors are commonly found on electric bicycles. Electric hub motors were well received in early electric cars, but have not been commercially successful in modern production cars because they negatively affect vehicle handling due to higher dynamic wheel load and their placement makes them prone to damage.

<span class="mw-page-title-main">Arcimoto</span> Electric vehicle company headquartered in Eugene, Oregon

Arcimoto, Inc. is an electric vehicle company headquartered in Eugene, Oregon, that designed, manufactured, and sold the FUV—a tandem two-seat, three-wheeled electric vehicle—and its four variations.

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. Rivian started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023.

Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, U.S. Workhorse makes commercial electric vehicles and telematics software designed for last-mile delivery. Their products include commercial electric vehicles and the Metron telematics software system.

<span class="mw-page-title-main">Rivian R1T</span> Battery electric mid-size pickup truck

The Rivian R1T is a battery electric mid-size light duty luxury pickup truck produced by the American company Rivian. The first production R1T was manufactured in Illinois on September 28, 2021, and was delivered to a customer. The official EPA range for the Rivian R1T ranges from 255–410 miles (410–660 km), depending on drivetrain, battery pack capacity and wheel size.

Guangzhou Xiaopeng Motors Technology Co., Ltd., trading as XPeng Motors, commonly known as XPeng, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and Munich, Germany. XPeng stock is publicly traded on the New York Stock Exchange and the Hong Kong Stock Exchange.

<span class="mw-page-title-main">Skateboard (automotive platform)</span> Type of chassis configuration used in battery electric vehicles

A skateboard is a type of configuration for automotive chassis, used for automotive platforms of battery electric vehicles. The skateboard chassis includes a base structure or a platform, which houses the batteries, electric motors and other electronic components fundamental to an electric vehicle.

Nu Ride Inc., formerly Lordstown Motors Corporation, is an American electric vehicle automaker located in Lordstown, Ohio. The company was based at the Lordstown Assembly plant, previously a General Motors factory. Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc., headquartered in New York City.

<span class="mw-page-title-main">Cadillac Celestiq</span> Battery electric full-size luxury car

The Cadillac Celestiq is a battery electric car made by the Cadillac division of General Motors. It is the brand's flagship sedan, replacing the Cadillac CT6. Production commenced in 2024.

<span class="mw-page-title-main">Canoo</span> Bankrupt American electric vehicle manufacturer

Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles. Canoo's research and development team was based in Michigan, in the Detroit region, and production operations in Justin, Texas. The company had plans to produce commercial electric vehicles such as vans for fleet, vehicle rental and ride sharing services.

Bollinger Motors is an American automobile manufacturer of electric vehicles based in Oak Park, Michigan.

Zhejiang Leapmotor Technology Co., Ltd., trading as Leapmotor, is a Chinese startup automobile manufacturer headquartered in Hangzhou, China, specializing in developing electric vehicles. The company was founded in 2015, and sold its first vehicles in 2019. In 2023, Stellantis acquired 20 percent stake of Leapmotor, and plans to sell Leapmotor vehicles in Europe.

<span class="mw-page-title-main">Renault 5 E-Tech</span> Battery electric B-segment hatchback

The Renault 5 E-Tech is a B-segment battery electric car produced by the French manufacturer Renault since 2024. Inspired by the original Renault 5 in styling, the 5 E-Tech was previewed by a concept car shown in January 2021, with the production model being officially unveiled at the Geneva International Motor Show in February 2024.

<span class="mw-page-title-main">Canoo Lifestyle Vehicle</span> Motor vehicle

The Canoo Lifestyle Vehicle (LV) is a battery electric vehicle with multiple body styles sharing a common platform, including minivan, cargo van, and pickup truck, that was manufactured by Canoo. The cargo van variant, named the Lifestyle Delivery Vehicle (LDV), was in production; an all-wheel-drive pickup truck, named the Light Tactical Vehicle (LTV), was delivered for evaluation by the United States Army; and three other models of passenger vans were announced. They had range estimates of 400 km (250 mi) and an estimated 0–100 km/h (0–62 mph) time of 6.3 seconds.

Foxtron Inc. or Foxtron Vehicle Technologies is a Taiwanese manufacturer of electric cars and buses based in Taipei, operating since 2020 as a joint venture between the technology company Foxconn and the car company Yulon.

<span class="mw-page-title-main">Rivian EDV</span> Electric delivery van

The Rivian EDV and ECV, also known as the Delivery, are a line of battery-electric cargo vehicles built by Rivian. Initially they were exclusive to its investor Amazon, which uses the EDV for package delivery, but in November 2023, sales were opened to other companies as the ECV / Delivery, with minor cosmetic changes. The EDV and ECV use the RCV platform, which is derived from the R1 platform that underpins the manufacturer's R1T pickup truck and R1S sport-utility vehicles, and is built in three sizes. Specific models include the EDV/ECV-500/Delivery 500, EDV/ECV-700/Delivery 700, and EDV-900.

<span class="mw-page-title-main">Luxgen n7</span> Motor vehicle

The Luxgen n7 is a 5- or 7-seat battery electric mid-size crossover SUV produced by the Taiwanese car company Luxgen, approximately the same size as the conventionally powered Luxgen URX.

References

  1. ↑ Matt Wolfe (May 28, 2024), "REE's P7 brings advanced suspension control to medium-duty trucks", SAE Mobilus
  2. ↑ FORM 20-F For the fiscal year ended December 31, 2023 REE Automotive Ltd., U.S. Securities and Exchange Commission
  3. 1 2 "REE Automotive: Engineering A Dream Delivery Platform", YouTube, Batteries Included Podcast (published September 20, 2023), September 11, 2023
  4. 1 2 "The future powered by REE" (PDF), REE Automotive investor relations, June 2024, archived from the original (PDF) on July 12, 2024
  5. 1 2 3 REE Automotive (January 2025), Investor presentation - Sidoti Conference, p. 12
  6. ↑ FORM F-4, REE Automotive LTD, March 10, 2021, U.S. Securities and Exchange Commission
  7. 1 2 "פיתוח ישראלי פורץ דרך: גלגל חדש שעשוי לחולל מהפכה", GlobesTV, February 20, 2014
  8. ↑ דפנה ברמלי-גולן (December 3, 2015), "כמה הזדמנויות אתה באמת מקבל לשנות את העולם?", Globes
  9. ↑ Abigail Klein Leichman (March 18, 2014), "Leave it to Israelis to reinvent the wheel", Israel21c
  10. ↑ Sharon Udasin (February 11, 2014), "Israeli startup reinvents the wheel", The Jerusalem Post
  11. ↑ Seth McBride (November 1, 2017), "SoftWheel Acrobat: A Softer Ride", New Mobility
  12. ↑ Paul A. Eisenstein (May 24, 2016), "Here's Why the Global Automobile Industry Is Turning to ... Israel?", NBC News
  13. ↑ טלי ציפורי (May 4, 2017), "סופטוויל שפיתחה בולמי זעזועים לגלגלים גייסה 10 מ' דולר", Globes
  14. 1 2 Orbach, Meir (August 20, 2018), "SoftWheel Raises $25 Million to Reinvent the Wheel", CTECH, retrieved June 23, 2021
  15. ↑ Omer Kabir (February 21, 2019), "In Ten Years, 30% of Cars Will Be Electric, Says SoftWheel Vice President", CTECH
  16. 1 2 3 Brian Blum (September 9, 2019), "Israeli startup is totally reinventing how cars are built", Israel21c
  17. ↑ יעקב צלאל (July 31, 2021), "רי אוטומוטיב / המשקיעים מכרו מניית הספאק, שווי החברה נחתך ב-50%", AutoNews.co.il
  18. ↑ REE Automotive (August 20, 2021), FORM F-1
  19. 1 2 3 שירי חביב ולדהורן (December 28, 2021), "מנכ"ל REE לא מתרגש מנפילת המניה: "אנחנו פה לטווח ארוך, נהיה השחקן אולי הכי גדול בשוק הרכב"", Globes
  20. ↑ אלמוג עזר (September 11, 2024), "בית המשפט בארה"ב דחה את תביעת OSR נגד REE: "מדובר בשתי חברות ישראליות"", Calcalist
  21. ↑ איתי פת-יה (February 9, 2023), "חברת REE הישראלית מפטרת 31 עובדים - 11% מכוח האדם שלה", TheMarker
  22. ↑ "Truck Tech Live from ACT Expo in Anaheim", YouTube, FreightWaves, 59 minutes into the video, May 4, 2023
  23. 1 2 "REE Automotive Ltd. Q4 2023 Earnings Call Transcript", Insider Monkey, March 28, 2024
  24. 1 2 "REE Automotive Q2 2024 earnings call transcript". EarningsCall. September 26, 2024. Retrieved 2024-09-27.
  25. 1 2 3 "REE Automotive Ltd. (NASDAQ:REE) Q3 2024 Earnings Call Transcript", Insider Monkey, December 19, 2024
  26. ↑ Kriti Saraiya (September 16, 2024), "Samvardhana Motherson to invest USD 15 mn for 11% stake in auto tech major REE Automotive", The Economic Times
  27. ↑ REE Automotive (September 16, 2024), "REE Automotive Announces Global Manufacturing Agreement with Leading Automotive Supplier Motherson Group Making Strategic Investment in a $45.35 Million Registered Direct Offering Led By M&G", GlobeNewswire
  28. 1 2 Andrew Wade (September 2021), "A platform for success", Eureka, vol. 41, no. 9, Mark Allen Group, pp. 14–15
  29. ↑ "REE Automotive opens UK engineering centre", Automotive Manufacturing Solutions, February 16, 2021
  30. 1 2 3 "REE Plans Integrated Assembly Strategy", Assembly Magazine, July 7, 2022
  31. ↑ REE Automotive (May 17, 2022), First Quarter 2022 Financial Results
  32. ↑ תומר הדר (August 23, 2022), "הענקיות התעוררו, והיצרניות הקטנות של רכבים מסחריים חשמליים בצרות", כלכליסט
  33. 1 2 Nick Carey; Lisa Baertlein; Ben Klayman (August 9, 2022), "Burning cash, commercial EV startups race to deliver vehicles", Reuters
  34. ↑ תומר הדר (August 11, 2022), "האם זה מה שיציל את המניה? REE חושפת אב טיפוס לרכב משלוחים", כלכליסט
  35. ↑ Brittany Chang (November 20, 2020), "This modular EV vehicle platform can shift into endless types of vehicles from trucks to tiny delivery vehicles — see how it works", Business Insider
  36. 1 2 Roger Atkins (October 11, 2022), "REE UK - EV Innovators", YouTube
  37. ↑ Trio Motion Technology (November 29, 2022), "Independent steering control system", Controls, Drives, & Automation
  38. ↑ Mike Oakes (March 14, 2023), "REEvisiting with REE Automotive plus the Rebadged Mullen Class 3 truck - Work Truck Week", Munro Live
  39. 1 2 Craig Cole (March 11, 2023), "REE's Modular EV Chassis Could Corner the Market - 2023 Work Truck Week", EV Pulse
  40. ↑ Craig Cole (January 24, 2023), "REE Automotive has the EV chassis market 'cornered' thanks to its innovative drivetrain tech", EV Pulse
  41. ↑ Scheibert, Klaus; Kostarigka, Artemis; Dannebaum, Udo; Ambekar, Abhijit; Cai, Wenlin; Heidt, Laurent (2023). "Challenges with the Introduction of X-By-Wire Technologies to Passenger Vehicles and Light Trucks in regards to Functional Safety, Cybersecurity and Availability". SAE Technical Paper Series. Vol. 1. doi:10.4271/2023-01-0581. S2CID   258033364.
  42. 1 2 Sagar Parikh (May 6, 2021), "Israel's REE not considering passenger electric cars before 2025", ElectricVehicleWeb
  43. 1 2 Greg Gardner (April 27, 2021), "Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles", Forbes
  44. 1 2 Top Gear Philippines (October 29, 2019), "Feature: The Hino FlatFormer Concept is the future of delivery and service", YouTube
  45. 1 2 Frank Markus (January 27, 2022), "3 Cool New Electric Motor Technologies From CES 2022", MotorTrend
  46. ↑ Louise Cullen (February 1, 2023), "Driverless bus coming to Belfast Harbour Estate", BBC News
  47. ↑ "Project Harlander - Northern Ireland's first self driving shuttle service coming to Belfast Harbour", YouTube, BT Business in Northern Ireland, May 31, 2023
  48. ↑ Mathieu Simonnet (May 21, 2024), "Airbus teste à Toulouse un « camion A350 » pour automatiser les phases de roulage de ses avions", La Dépêche
  49. ↑ Scooter Doll (July 25, 2022), "EAVX, Morgan Olson, and REE Automotive share live demonstrations of Proxima electric van", electrek
  50. ↑ Alan Adler (July 29, 2022), "Truck Tech: Cutting corners edition", FreightWaves
  51. ↑ REE Automotive, P7-S electric stripped chassis specifications (PDF), archived from the original (PDF) on May 21, 2024, retrieved May 21, 2024
  52. ↑ REE Automotive, P7-C class 4 electric chassis cab specifications (PDF), archived from the original (PDF) on May 21, 2024, retrieved May 21, 2024
  53. ↑ Scooter Doll (August 11, 2022), "REE Automotive unveils Class 3 box truck powered by its P7 electric chassis and REEcorners", elektrek
  54. ↑ "REE Automotive unveils P7-C Chassis Cab; new addition to P7 electric truck lineup", Green Car Congress, May 2, 2023
  55. ↑ Scott Hoffman (July 7, 2023), "Dr. Peter Dow - VP of Engineering at REE Automotive", Munro Live Podcast (published August 11, 2023), 46 minutes and 29 seconds into the interview
  56. ↑ "Fireside Chat w/James West Sustainable Technologies and Clean Energy Analyst at Evercore", Microvast, 12 minutes and 14 seconds into the interview, June 12, 2023
  57. 1 2 3 REE Automotive (March 16, 2023), 4Q22 Shareholders Letter
  58. ↑ REE Automotive, "A major REE milestone, just in time for the holidays!", Instagram
  59. ↑ Justin Sayers (May 16, 2022), "REE Automotive's UK electric vehicle factory offers glimpse of what it'll do in Pflugerville", Austin Business Journal
  60. ↑ Ed Garsten (January 11, 2024), "REE Automotive delivers first totally by-wire commercial truck chassis", Forbes
  61. ↑ "REE Automotive Ltd. (NASDAQ:REE) Q1 2024 Earnings Call Transcript", Insider Monkey, May 31, 2024
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.