– REE to showcase new variants of its software-driven electric trucks
– Company to announce new partnerships
– First ever open opportunity to ride and drive the world’s first full by-wire P7-C truck
– Explore the three ways to upgrade your vehicles to the full by wire technology at booth 3723
“At our core, we are an automotive technology company shaking up the industry with our disruptive x-by-wire technology,” said
Intended benefits of REE’s full x-by-wire technology:
- Steer, brake and drive-by-wire technology
- Enables purpose-built vehicles to drive down total cost of ownership (TCO)
- Excellent serviceability + residuals
- Future-proofed, autonomous-ready and over the air (OTA) upgrade capable
- Improved maneuverability and tight turn radius
- Low energy cost per mile
- Deep data analytics and application services
Three ways to work with REE to upgrade your vehicles to be software-driven:
- Enhance your platforms with REEcorners®
- Build your truck on a REE chassis
- Fast time to market with a ready electric chassis
- Battery agnostic
- Fully flat and low chassis, designed for high modularity
- Simple and fast top-hat compatibility
- Purchase a full P7-C Chassis Cab
- FMVSS,
EPA and CARB certified medium-duty electric truck - Driver centric cabin
- Fully flat with low step in height
- Eligible for the
U.S. federalInternal Revenue Service (IRS) Commercial Clean Vehicle Tax Credit which allows customers to receive a tax credit of up to$40,000 per vehicle which can be combined with state incentives equaling up to$100,000 per vehicle
To schedule a meeting with REE’s sales team while at the show, visit https://ree.auto/event/act-expo-2/.
Media interested in more information or scheduling a meeting with company management may contact ree@skyya.com.
To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto.
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ree@skyya.com
Investor Contact
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+1 303-670-7756
investors@ree.auto
Caution About Forward-Looking Statements
This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses its intent to showcase its EVS, REEcorner®, chassis and a full vehicle built on the p7-C chassis cab at ACT Expo 2024, its belief that software driven vehicles are the future of the automotive industry and the expected time to market of its ready electric chassis . In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.
These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.
Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/099dca30-4748-4c79-b757-c6b980f25bce
REE to showcase new variants of its software-driven electric trucks
For the first time, the company will showcase its software-driven, clean sheet approach to modular electric vehicles (EVs) including the revolutionary REEcorner®, the P7-S stripped chassis, and a full vehicle built on the P7-C chassis cab with a bespoke upfit.
2024 GlobeNewswire, Inc., source