REE

#4770
REE Automotive Ltd. Class A Ordinary Shares
0.62 USD
+3.33%
Sector: Consumer Cyclical
Base: USD
Profit Currency: USD
Daily Range
0.62
0.62
Year Range
0.51
3.61
Daily Change
+3.33%
Monthly Change
+5.08%
6 month change
-40.95%
Year Change
-78.62%
Previous Close
0.60
Open
0.62
Bid
Ask
Low
0.62
High
0.62
Volume
1
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Financials

Overview Statement Statistics
Quarterly Annual
Income statement Balance sheet Cash flow
Value 2021202220232024 TTM

REE Automotive Ltd - Class A

REE Automotive, Ltd. is an automotive software developer. The company previously developed an electric vehicle platform featuring 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 an automotive software research and development center in Israel, and an engineering and manufacturing center in the United Kingdom. Final vehicle assembly, sales, and customer service operations were based in the United States before the company pivoted to software development exclusively. 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.

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