REE Automotive Ltd.
REEAW
NASDAQ Global Market0.09
USD
-0.01
- -
REE Automotive Ltd.
REEAW
(NASDAQ Global Market)
Recent
price
0.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- REE Automotive Ltd. (NasdaqCM: REEAW) designs, develops, and manufactures modular electric vehicle platforms and purpose-built commercial electric vehicles for the medium-duty segment. The company offers the REEcorner technology, an integrated corner module that incorporates steering, braking, suspension, powertrain, and control components into a single unit; full by-wire vehicle architectures; and customizable platforms such as the P7-C for box trucks, the P7-E for vans, and the P7-X for cab-chassis applications, enabling right-hand and left-hand drive configurations with varying wheelbases and battery options. REE provides engineering services, software-defined vehicle solutions, and certification support to fleet operators and original equipment manufacturers (OEMs), targeting commercial fleets in logistics, last-mile delivery, and construction sectors. Founded in 2011 and headquartered in Herzliya, Israel, the company operates primarily in North America, Europe, and Israel, with manufacturing facilities and partnerships supporting global expansion. In recent developments, REE Automotive completed a strategic merger with Reis Robotics in 2024, enhancing its automation and robotics capabilities for EV production; secured a $75 million funding round in early 2025 led by strategic investors to accelerate P7 platform commercialization; and launched the production-ready REEboard flat-floor chassis module in mid-2025, marking a shift toward scalable software-defined vehicles. The company expanded its U.S. operations through a new assembly plant in Virginia and formed alliances with Motherson Group for cab production and American Axle for supply chain integration. These initiatives reflect REE's focus on cost reduction, vertical integration, and entry into high-volume fleet markets amid growing demand for zero-emission commercial vehicles.