REE Automotive

Before changing its name to REE Automotive, the company was called SoftWheel.{{citation |url=https://www.sec.gov/Archives/edgar/data/1843588/000121390021014453/ff42020_reeautomotiveltd.htm |title=FORM F-4, REE Automotive LTD, March 10, 2021 |publisher=U.S. Securities and Exchange Commission}} 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. Daniel Barel joined as CEO in 2013 after learning of the company through Gros.{{citation |url=https://www.globes.co.il/news/article.aspx?did=1001085578 |title=כמה הזדמנויות אתה באמת מקבל לשנות את העולם? |author=דפנה ברמלי-גולן |date=December 3, 2015 |website=Globes}} 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.{{citation |url=https://www.youtube.com/watch?v=Qw9yRuiE1Mc |title=פיתוח ישראלי פורץ דרך: גלגל חדש שעשוי לחולל מהפכה |website=GlobesTV |date=February 20, 2014}}{{citation |url=https://www.israel21c.org/leave-it-to-israelis-to-reinvent-the-wheel/ |title=Leave it to Israelis to reinvent the wheel |author=Abigail Klein Leichman |date=March 18, 2014|website=Israel21c}}{{citation |url=https://www.jpost.com/enviro-tech/israeli-startup-reinvents-the-wheel-341104 |title=Israeli startup reinvents the wheel |author=Sharon Udasin |date=February 11, 2014 |website=The Jerusalem Post}} The wheels retailed at $1800 a pair.{{citation |url=https://newmobility.com/softwheel-acrobat-softer-ride/ |title=SoftWheel Acrobat: A Softer Ride |author=Seth McBride |date=November 1, 2017 |website=New Mobility}}

Faced with its investors potentially pulling funding and shutting down the company, SoftWheel began developing in-wheel shock absorbers for bicycles, motorcycles, and automobiles.{{citation |url=https://www.nbcnews.com/business/autos/here-s-why-global-automobile-industry-turning-israel-n577706 |title=Here's Why the Global Automobile Industry Is Turning to ... Israel? |author=Paul A. Eisenstein |date=May 24, 2016 |website=NBC News}} 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.{{citation |url=https://www.globes.co.il/news/article.aspx?did=1001187347 |title=סופטוויל שפיתחה בולמי זעזועים לגלגלים גייסה 10 מ' דולר |author=טלי ציפורי|date=May 4, 2017 |website=Globes}} The company raised an additional $25 million in 2018 in an effort to pivot its business to the automotive market,{{citation |last=Orbach |first=Meir |date=August 20, 2018 |title=SoftWheel Raises $25 Million to Reinvent the Wheel |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3744623,00.html |access-date=June 23, 2021 |website=CTECH}} for a total of $40 million, partly from investors in the automotive industry such as Mitsubishi and Musashi Seimitsu.{{citation |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3756902,00.html |author=Omer Kabir |title=In Ten Years, 30% of Cars Will Be Electric, Says SoftWheel Vice President |date=February 21, 2019 |website=CTECH}}

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.{{citation |url=https://www.israel21c.org/israeli-startup-is-totally-reinventing-how-cars-are-built/ |title=Israeli startup is totally reinventing how cars are built |author=Brian Blum |date=September 9, 2019 |website=Israel21c}}

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.{{citation |url=https://autonews.co.il/רי-אוטומוטיב-המשקיעים-מכרו-מניית-הספא/ |title= רי אוטומוטיב / המשקיעים מכרו מניית הספאק, שווי החברה נחתך ב-50% |date=July 31, 2021 |author=יעקב צלאל |website=AutoNews.co.il}} 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.{{citation |title=FORM F-1 |author=REE Automotive |date=August 20, 2021 |url=https://www.sec.gov/Archives/edgar/data/1843588/000121390021044027/ff12021_reeautomotiveltd.htm}} 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.

Following the merger, REE Automotive's valuation dropped significantly, reaching a low of about $40 million in September 2024.{{citation |url=https://www.calcalist.co.il/market/article/rj0trfj6a |title=בית המשפט בארה"ב דחה את תביעת OSR נגד REE: "מדובר בשתי חברות ישראליות" |author=אלמוג עזר |date=September 11, 2024 |website=Calcalist}} The company had no substantial revenue by February 2023, when it laid-off 31 employees which were approximately 11% of its workforce.{{citation |url=https://www.themarker.com/markets/2023-02-09/ty-article/.premium/00000186-36c1-d80f-abff-7ec981450000 |title=חברת REE הישראלית מפטרת 31 עובדים - 11% מכוח האדם שלה |author=איתי פת-יה |date=February 9, 2023 |website=TheMarker}} 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.{{citation |url=https://www.youtube.com/watch?v=BHY-1WFhAIw&t=59m26s |title=Truck Tech Live from ACT Expo in Anaheim |publisher=FreightWaves |website=YouTube |date=May 4, 2023 |at=59 minutes into the video}}

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.{{citation |url=https://www.insidermonkey.com/blog/ree-automotive-ltd-nasdaqree-q4-2023-earnings-call-transcript-1281814/?singlepage=1 |website=Insider Monkey |title=REE Automotive Ltd. Q4 2023 Earnings Call Transcript |date=March 28, 2024}} 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{{Cite web |title=REE Automotive Q2 2024 earnings call transcript |url=https://earningscall.biz/e/nasdaq/s/ree/y/2024/q/q2 |access-date=2024-09-27 |website=EarningsCall |language=en |date=September 26, 2024}} and the start of customer deliveries of scale-produced vehicles to the first half of 2025. 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.{{citation |url=https://auto.economictimes.indiatimes.com/news/auto-technology/sun-mobility-to-fundraise-for-leading-hev-biz-plans-to-commercialise-in-fy26/113378345 |title=Samvardhana Motherson to invest USD 15 mn for 11% stake in auto tech major REE Automotive |author=Kriti Saraiya |date=September 16, 2024 |website=The Economic Times}} Motherson invested $45 million in REE Automotive which the company intends to use as working capital for full-scale production in 2025.{{citation |url=https://www.globenewswire.com/news-release/2024/09/16/2946651/0/en/REE-Automotive-Announces-Global-Manufacturing-Agreement-with-Leading-Automotive-Supplier-Motherson-Group-Making-Strategic-Investment-in-a-45-35-Million-Registered-Direct-Offering-L.html |title=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 |date=September 16, 2024 |author=REE Automotive |website=GlobeNewswire}}

The company expects as of January 2025 to start deliveries of scale-production vehicles in the first half of 2025, break-even for BOM on the sale of several hundreds of vehicles in the second half of 2025, and positive EBITDA on the sale of several thousands of vehicles in 2026.{{citation |author=REE Automotive |title=Investor presentation - Sidoti Conference |pp=12 |date=January 2025 |url=https://www.youtube.com/watch?v=IttDyVfhmqY }}

REE Automotive is structured for a capex-light business model with horizontal alliances with tier-one manufacturers.{{citation |url=https://www.globes.co.il/news/article.aspx?did=1001392318 |title=מנכ"ל REE לא מתרגש מנפילת המניה: "אנחנו פה לטווח ארוך, נהיה השחקן אולי הכי גדול בשוק הרכב" |author=שירי חביב ולדהורן |date=December 28, 2021 |website=Globes}}{{citation |title=A platform for success |author=Andrew Wade |pages=14–15 |url=https://eureka.mydigitalpublication.co.uk/september-2021/page-14 |magazine=Eureka |publisher=Mark Allen Group |volume=41 |issue=9 |publication-date=September 2021}} Among its partners are American Axle, Mahindra & Mahindra, Musashi Seimitsu, and KYB.{{citation |url=https://www.automotivemanufacturingsolutions.com/evs/ree-automotive-opens-uk-engineering-centre/41593.article |title=REE Automotive opens UK engineering centre |date=February 16, 2021 |website=Automotive Manufacturing Solutions}} 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.{{citation |url=https://www.assemblymag.com/articles/97151-ree-plans-integrated-assembly-strategy |title=REE Plans Integrated Assembly Strategy |date=July 7, 2022 |website=Assembly Magazine}} 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.{{citation |url=https://investors.ree.auto/news-releases/news-release-details/ree-automotive-announces-first-quarter-2022-financial-results |title=First Quarter 2022 Financial Results |author=REE Automotive |date=May 17, 2022}}

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.{{citation |url=https://www.calcalist.co.il/local_news/car/article/b1511b11byi |title=הענקיות התעוררו, והיצרניות הקטנות של רכבים מסחריים חשמליים בצרות |author=תומר הדר |date=August 23, 2022 |website=כלכליסט}}{{citation |url=https://www.reuters.com/business/autos-transportation/burning-cash-commercial-ev-startups-race-deliver-vehicles-2022-08-09/ |title=Burning cash, commercial EV startups race to deliver vehicles |author1=Nick Carey |author2=Lisa Baertlein |author3=Ben Klayman |date=August 9, 2022 |website=Reuters}} 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.{{citation |url=https://www.calcalist.co.il/local_news/car/article/sjeysimr9 |title=האם זה מה שיציל את המניה? REE חושפת אב טיפוס לרכב משלוחים |author=תומר הדר |date=August 11, 2022 |website=כלכליסט}}

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.{{citation |archive-url=https://web.archive.org/web/20240712083817/https://investors.ree.auto/wp-content/uploads/2024/06/REE-Investor-Presentation-June-7.pdf |archive-date=July 12, 2024 |url=https://investors.ree.auto/wp-content/uploads/2024/06/REE-Investor-Presentation-June-7.pdf |title=The future powered by REE |date=June 2024 |website=REE Automotive investor relations}}

File:Electric vehicle corner module simplified diagram.png 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.

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.{{citation| url=https://www.businessinsider.com/ree-modular-vehicle-platforms-can-shift-into-trucks-buses-2020-11 |title=This modular EV vehicle platform can shift into endless types of vehicles from trucks to tiny delivery vehicles — see how it works |author= Brittany Chang |date=November 20, 2020 |website=Business Insider}} Following its fundraising shortfall, the company focused on developing and bringing a single product line to market, 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.{{citation |url=https://www.youtube.com/watch?v=QPmDLW3ahXY |title= REE UK - EV Innovators |author=Roger Atkins |date=October 11, 2022 |website=YouTube}}{{citation |url=https://www.controlsdrivesautomation.com/Trio-Independent-steering-control-system |title=Independent steering control system |author=Trio Motion Technology |website=Controls, Drives, & Automation |date=November 29, 2022}}

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.{{citation |url=https://www.youtube.com/watch?v=m_N7mXJjKdQ |title=REEvisiting with REE Automotive plus the Rebadged Mullen Class 3 truck - Work Truck Week |author=Mike Oakes |website=Munro Live |date=March 14, 2023}} 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.

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.{{citation |url=https://www.evpulse.com/features/ree-automotive-has-the-ev-chassis-market-cornered-thanks-to-its-innovative-drivetrain-tech |title=REE Automotive has the EV chassis market 'cornered' thanks to its innovative drivetrain tech |author=Craig Cole |date=January 24, 2023 |website=EV Pulse}}{{cite book | doi=10.4271/2023-01-0581 | chapter=Challenges with the Introduction of X-By-Wire Technologies to Passenger Vehicles and Light Trucks in regards to Functional Safety, Cybersecurity and Availability | title=SAE Technical Paper Series | date=2023 | last1=Scheibert | first1=Klaus | last2=Kostarigka | first2=Artemis | last3=Dannebaum | first3=Udo | last4=Ambekar | first4=Abhijit | last5=Cai | first5=Wenlin | last6=Heidt | first6=Laurent | volume=1 | s2cid=258033364 }}

REE Automotive presented its first public prototype at the EcoMotion convention in June 2019. 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.{{citation |url=https://electricvehicleweb.com/mahindra-israel-ree-electric-skateboard-architecture/ |title=Israel's REE not considering passenger electric cars before 2025 |date=May 6, 2021 |author=Sagar Parikh |website=ElectricVehicleWeb}}

{{anchor|Flatformer}}File:Hino FlatFormer 02.jpg 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.{{citation |url=https://www.forbes.com/sites/greggardner/2021/04/27/hino-motors-ree-automotive-partner-to-bring-new-technologies-to-commercial-vehicles/ |title=Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles |author=Greg Gardner |website=Forbes |date=April 27, 2021}} 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.{{citation |url=https://www.youtube.com/watch?v=2nhAtpqfDwM |title=Feature: The Hino FlatFormer Concept is the future of delivery and service |author=Top Gear Philippines |website=YouTube |date=October 29, 2019}}

Autonomous vehicle developer Navya announced in April 2021 it partnered with REE for development of level 4 autonomous vehicles. A concept vehicle for autonomous last-mile delivery, dubbed Leopard, was on display at CES 2022.{{citation |url=https://www.motortrend.com/events/3-cool-new-electric-motor-technologies-ces-2022/ |title=3 Cool New Electric Motor Technologies From CES 2022 |author=Frank Markus |date=January 27, 2022 |website=MotorTrend}} REE provided a passenger shuttle prototype in 2023 for the Belfast Harbour autonomous shuttle Harlander project.{{citation |url=https://www.bbc.com/news/uk-northern-ireland-64468998 |title=Driverless bus coming to Belfast Harbour Estate |date=February 1, 2023 |website=BBC News |author=Louise Cullen}}{{citation |url=https://www.youtube.com/watch?v=B8CF6R_buoc |title= Project Harlander - Northern Ireland's first self driving shuttle service coming to Belfast Harbour |institution=BT Business in Northern Ireland |website=YouTube |date=May 31, 2023}} 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.{{citation |url=https://www.ladepeche.fr/2024/05/21/airbus-teste-a-toulouse-un-camion-a350-pour-automatiser-les-phases-de-roulage-de-ses-avions-11964302.php |title=Airbus teste à Toulouse un « camion A350 » pour automatiser les phases de roulage de ses avions |author=Mathieu Simonnet |date=May 21, 2024 |website=La Dépêche}}

Morgan Olson demonstrated its Proxima delivery van in July 2022, a class 5 truck powered by the P7 modules and platform.{{citation |url=https://electrek.co/2022/07/25/ree-automotive-electric-van/ |title=EAVX, Morgan Olson, and REE Automotive share live demonstrations of Proxima electric van |author=Scooter Doll |date=July 25, 2022 |website=electrek}}{{citation |url=https://www.freightwaves.com/news/truck-tech-cutting-corners-edition |title=Truck Tech: Cutting corners edition |author=Alan Adler |date=July 29, 2022 |website=FreightWaves}}

File:REE Automotive P7-C class 4 electric truck with Knapheide vocational body Work Truck Week 2024 facing left.jpg

REE Automotive showcased its first prototype production corner module at CES 2022. Seven months later, the company demonstrated a P7-based class 3 box truck, dubbed the P7-B.{{citation |url=https://electrek.co/2022/08/11/ree-automotive-box-truck-p7/ |title=REE Automotive unveils Class 3 box truck powered by its P7 electric chassis and REEcorners |author=Scooter Doll |date=August 11, 2022 |website=elektrek}} At the ACT Expo in May 2023, the company showcased its pre-production P7-C class 4 cab chassis truck.{{citation |url=https://www.greencarcongress.com/2023/05/20230502-ree.html |title=REE Automotive unveils P7-C Chassis Cab; new addition to P7 electric truck lineup |date=May 2, 2023 |website=Green Car Congress}}

The prototype P7 corner modules and chassis underwent road tests and long-term durability tests of 20-year-equivalent usage,{{citation |url=https://chargedevs.com/features/ree-automotives-modular-reecorners-enable-an-unprecedented-amount-of-flexibility-in-ev-design/ |title=REE Automotive’s modular REEcorners enable unprecedented flexibility in EV design |date=March 6, 2025 |author=Charles Morris |website=Charged Electric Vehicles Magazine}} leading to production-intent prototypes suitable for {{convert|350,000|km|mi}} of service life and designed for a baseline of 10 years or {{convert|250,000|km|mi}}.{{citation |url=https://www.youtube.com/watch?v=6MnroACe92A |title=Dr. Peter Dow - VP of Engineering at REE Automotive |author=Scott Hoffman |website=Munro Live Podcast |publication-date=August 11, 2023 |date=July 7, 2023 |at=46 minutes and 29 seconds into the interview}} The P7 platform was initially outfitted with Microvast battery packs that have been tested for a service life of 5000 to 7000 full charge cycles.{{citation |url=https://www.youtube.com/watch?v=m_N7mXJjKdQ |title=Fireside Chat w/James West Sustainable Technologies and Clean Energy Analyst at Evercore |website=Microvast |date=June 12, 2023 |at=12 minutes and 14 seconds into the interview}} Platforms may be outfitted with two, three, or four 42 kWh battery packs depending on range and payload considerations.{{Rp|at=30m27s}} The P7 platform is designed to be outfitted with any supplier's battery packs or power sources as long as they provide 400 volts, allowing for gasoline or diesel vehicles with electric motors. The platform supports 22 kW AC charging and 140 kW DC charging.

{{Aligned table

| title = REE Automotive P7 product line specifications

| class = wikitable floatright

| style=text-align:center;

| cols=4

| row1header=y

| col1header=y

| |P7-S{{br}}platform|P7-C{{br}}class 4|P7-C{{br}}class 5

|GVWR (lbs)|10,000–18,300|16,000|18,298

|Payload (lbs)|max 10,000|6,000|8,675

|Cargo volume (ft{{sup|3}})|max 1,270|950|

|Range estimate{{br}}at full payload|max 210 mi|169 mi|155 mi

|Turning radius|min 19.7 ft|19.7 ft|19.7 ft

|Peak horsepower|536 (134×4)|536|536

|Drive|RWD, FWD, AWD|AWD|AWD

|Steer|FWS, AWS|AWS|AWS

|AC charging|22 kW|14.7 kW|14.7 kW

|DC charging|140kW DC|100 kW|

|References|{{citation |url=https://ree.auto/wp-content/uploads/2024/05/P7-S-Brochure_screen.pdf |title=P7-S electric stripped chassis specifications |archive-url=https://web.archive.org/web/20240521115650/https://ree.auto/wp-content/uploads/2024/05/P7-S-Brochure_screen.pdf |archive-date=May 21, 2024 |access-date=May 21, 2024 |author=REE Automotive}}{{citation |url=https://www.sae.org/news/2025/03/first-drive-ree-electric-p7 |title=First drive: REE’s electrifying P7 delivery chassis |date=March 28, 2025 |author=Matt Wolfe |website=SAE International}}|{{citation |url=https://ree.auto/wp-content/uploads/2024/05/REE_P7-C-8-Page-Brochure.pdf |archive-url=https://web.archive.org/web/20240521120032/https://ree.auto/wp-content/uploads/2024/05/REE_P7-C-8-Page-Brochure.pdf |archive-date=May 21, 2024 |access-date=May 21, 2024 |title=P7-C class 4 electric chassis cab specifications |author=REE Automotive}}|{{citation |url=https://wtw25.mapyourshow.com/8_0/explore/products.cfm?sortfield=dateinserted_t&search=ree%20electric&sortdirection=desc&classification=2,3 |title=REE's P7-C Electric Chassis Cab |date=January 16, 2025 |website=Work Truck Week 2025}}{{citation |url=https://www.fleetequipmentmag.com/ree-p7-c-test-drive-work-truck-week/ |title=REE P7-C Test Drive: FE Goes Behind the Wheel |author=Kevin Linger |date=March 10, 2025 |website=Fleet Equipment Magazine}}

}}

REE offers as of 2025 a product line based on its P7 corner modules and platform:

• P7-S, consisting of four corner modules and a platform of varying sizes and weight ratings from class 3 to class 5 with a maximum payload of 10,000 lbs
• P7-C class 4 chassis cab truck
• P7-C class 5 chassis cab truck with all wheel drive, brake, and steer; autonomous emergency braking; torque vectoring, understeering protection, electronic stability control, and traction control; 39-foot turning diameter; electrically-heated windshield; HVAC, ADAS, GPS and navigation; tire-pressure monitoring; ultra-low load-in height; GVWR of 18,298 lbs, and a maximum payload of 8,675 lbs

The company's first manufacturing facility was established in 2022 in Coventry, United Kingdom, and was fully built-out by March 2023.{{citation |url=https://www.sec.gov/Archives/edgar/data/1843588/000121390023042152/ea179074ex99-2_reeautoltd.htm |title=4Q22 Shareholders Letter |author=REE Automotive |date=March 16, 2023}} 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. Each facility is designed to initially produce corner modules for up to 10,000 vehicles a year with a single daily work shift.{{citation |url=https://www.youtube.com/watch?v=TRaYrrT2SPo |website=EV Pulse |author=Craig Cole |date=March 11, 2023 |title=REE's Modular EV Chassis Could Corner the Market - 2023 Work Truck Week }} Twenty-five production-intent test vehicles have been manufactured in 2023 for internal validation. The first production P7-C intended for customers was driven off the production line in December 2023.{{citation |url=https://www.instagram.com/reeautoofficial/reel/C1CYL_qgYZT/ |title=A major REE milestone, just in time for the holidays! |author=REE Automotive |website=Instagram}}

The first US production facility in Greater Austin, Texas, was scheduled to begin operations in 2023{{citation |url=https://www.bizjournals.com/austin/news/2022/05/16/ree-automotive-electric-vehicle-pflugerville.html |title=REE Automotive's UK electric vehicle factory offers glimpse of what it'll do in Pflugerville |author= Justin Sayers |website=Austin Business Journal |date=May 16, 2022}} with plans to manufacture a few hundred vehicles in 2024, but the build-out of the US production capacity has been delayed as a cost-reduction measure until late 2024 or early 2025. 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. 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.

The first P7 vehicles obtained FMVSS certification and were received by customers in early 2024.{{citation |url=https://www.forbes.com/sites/edgarsten/2024/01/11/ree-automotive-delivers-first-totally-by-wire-commercial-truck-chassis/ |title=REE Automotive delivers first totally by-wire commercial truck chassis |author=Ed Garsten |date=January 11, 2024 |website=Forbes}} The company sold individual trucks to rental companies such as Penske and U-Haul so they can evaluate them for their truck rental fleets.{{citation |url=https://www.insidermonkey.com/blog/ree-automotive-ltd-nasdaqree-q1-2024-earnings-call-transcript-1309024/ |title=REE Automotive Ltd. (NASDAQ:REE) Q1 2024 Earnings Call Transcript |date=May 31, 2024 |website=Insider Monkey}} The company had orders for over 900 trucks by December 2024 and plans to start fulfilling orders in the first half of 2025.{{citation |url=https://www.insidermonkey.com/blog/ree-automotive-ltd-nasdaqree-q3-2024-earnings-call-transcript-1410424/ |title=REE Automotive Ltd. (NASDAQ:REE) Q3 2024 Earnings Call Transcript |website=Insider Monkey |date=December 19, 2024}}

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{{Automotive industry in the United Kingdom}}

{{Automotive industry in Israel}}

Category:Companies based in Glil Yam

Category:Electronics companies of Israel

Category:Israeli companies established in 2011

Category:Electric vehicle manufacturers

Category:Electric trucks

Category:Companies listed on the Nasdaq

Category:Technology companies established in 2011