REE Automotive Ltd. Class A Ordinary Shares — Quarterly Financial Statements (NASDAQ:REE)

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Financials

Overview 성명 Statistics

Quarterly Annual

Market Capitalization 14.02 M
Employee 211
Founded 2011
CEO Daniel Barel
Website www.ree.auto
Headquarter Israel
FIGI UNKNOWN
Industry Technology

총매출

Net income

Total debt

Free cash flow

Cash & equivalents

14.02 M Market capitalization

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.