REE:NASDAQ
REE Automotive Ltd
$0.077
0.00%
(0.00) 1D
$0.054
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-29.78% (-0.023)bedtimeAfter hours
Closed: Jul 6, 4:00:00 PM GMT-4 · USD
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Profile
REE Automotive, Ltd. was an automotive manufacturer. The company attempted to manufacture electric vehicles before pivoting in 2025 to software development exclusively. It petitioned for insolvency in 2026. Before shuttering vehicle development and sales, the company operated an engineering and manufacturing center in the United Kingdom, and based its final vehicle assembly, sales, and customer service operations in the United States. REE software development was based in Israel.
REE Automotive planned in 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. The company expected in early 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. The company announced in May 2025 that it has paused its production plans and will focus instead on their software offerings to OEMs and technology companies. Wikipedia
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