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The latest announcement is out from REE Automotive ( (REE) ).
REE Automotive reported a 230% surge in vehicle reservations, reaching $137 million, as it begins production of its P7 medium-duty electric truck. The company also improved its liquidity by 47%, secured substantial funding, and reaffirmed its target to reach bill-of-materials breakeven by the second half of 2025, highlighting strong demand and strategic partnerships with Motherson and Roush Industries.
More about REE Automotive
REE Automotive Ltd. is an automotive technology company specializing in full by-wire electric trucks and platforms. The company focuses on integrating its software-defined vehicle technology into leading OEMs across various vehicle categories and aims to lead in the e-mobility space with its innovative solutions.
YTD Price Performance: 113.62%
Average Trading Volume: 108,145
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $149.4M
Find detailed analytics on REE stock on TipRanks’ Stock Analysis page.
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