REE Automotive

REE Automotive, Ltd.

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P7-C class 4 electric truck by REE Automotive built upon the modular P7 platform
Native name	רי אוטומוטיב
Formerly	SoftWheel (2011–2019)
Company type	Public
Traded as	Nasdaq: REE
Industry	Automotive
Founded	January 16, 2011; 13 years ago (2011-01-16) in Israel
Headquarters	Coventry, United Kingdom Glil Yam, Israel
Area served	North America[1]
Key people	Daniel Barel (CEO) Ahishay Sardes (CTO)
Products	P7 corner module P7 platform chassis P7-C cab chassis
Production output	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.

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 September 2024 to start deliveries of scale-production vehicles in early 2025.^[5]