Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $46.7 million in Q4 2021, a significant decrease from $414.9 million in Q3 2021, primarily due to $394 million in expenses related to stock options in the previous quarter [33] - Non-GAAP net loss increased to $26 million in Q4 2021 from $19 million in Q3 2021, reflecting ongoing investments in technical and engineering staff [34] - As of December 31, 2021, the cash balance was $275.8 million, with no debt, providing sufficient funding for ongoing programs and R&D efforts [35] Business Line Data and Key Metrics Changes - The company is focused on the Commercial Vehicles segment, including light commercial vehicles, delivery vans, and trucks, due to the rapid electrification of commercial fleets [22] - The P7 modular platform is designed for commercial delivery vehicles and walk-in vans, offering 35% more cargo space for a given footprint [24] Market Data and Key Metrics Changes - The company anticipates initial production capacity of 10,000 vehicle sets by the end of 2022, ramping up to 20,000 by the end of 2023 [20] - The demand for fuel cells is primarily seen in high-end vehicle classes, while the bulk of demand is expected to be for battery electric vehicles in the near term [55][56] Company Strategy and Development Direction - REE Automotive is pursuing a CapEx light manufacturing approach, establishing integration centers in the UK and Texas to support production capabilities [19][37] - The company aims to create a comprehensive ecosystem of services, including vehicle financing and charging infrastructure, to facilitate the transition from internal combustion engine (ICE) to electric vehicle (EV) fleets [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the homologation process timelines for both the U.S. and Europe, with no identified hurdles [51] - The company is focused on converting its large pipeline of potential customers into firm orders by the end of 2022, following prototype evaluations [62] Other Important Information - The company has established an Engineering Center of Excellence in the UK to accelerate engineering design and testing [19] - A strategic partnership with Hitachi America aims to co-create a scalable Data-as-a-Service platform, providing operational efficiencies and potential subscription-based revenue [16] Q&A Session Summary Question: What are the key steps and hurdles for the homologation process in 2022? - Management confirmed that they expect to be fully homologated and ready for SOP in 2023, with no identified hurdles at this point [51] Question: Is there more customer interest for fuel cells over battery electric vehicles? - Management indicated that while there is demand for fuel cells, the bulk of demand is expected to be for battery electric vehicles in the near term [56] Question: Can you provide an update on the 20 total customer programs referenced previously? - Management stated that they are focused on converting the pipeline into firm orders and continue to develop partnerships [64] Question: Are there any issues with obtaining equipment for the Integration Centers? - Management confirmed that both the UK and Austin Integration Centers are on track with no delays anticipated [80]

POWERED BY REE REE – Q4 2021 Results POWERED BY REE Disclaimer . This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used t ...

EXHIBIT 99.1 REE Automotive Announces Fourth Quarter 2021 Financial Results Business plan on track towards firm orders and start of production TEL AVIV, Israel, March 03, 2022 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ: REE) ("REE" or the "Company"), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the fourth quarter of 2021. REE is focused on executing milestone deliverables on its signed strategic collaborations relating to var ...

CES 2022 Analyst & Investor Briefing REE Forward-Looking Statement This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used ...

REE Automotive Ltd. (NASDAQ:REE) Q3 2021 Earnings Conference Call November 16, 2021 8:30 AM ET Company Participants Limor Gruber - Director of Investor Relations Daniel Barel - Co-Founder & Chief Executive Officer Hai Aviv - Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Jeff Osborne - Cowen and Company Igor Levi - BTIG Adam Jonas - Morgan Stanley Operator Greetings and welcome to the REE Automotive Third Quarter 2021 Earnings Call. [Operator Instructions] As a reminder, t ...

Financial Data and Key Metrics Changes - The GAAP net loss for Q2 2021 was $31.2 million, compared to $33.9 million in Q2 2020 and $12.6 million in Q1 2021, primarily due to $20 million of non-cash stock-based compensation [32] - The non-GAAP net loss for Q2 2021 was $11.1 million, compared to $2.5 million in Q2 2020 and $8.5 million in Q1 2021 [33] - Cash and cash equivalents at the end of Q2 2021 were $30 million, down from $44.7 million at the end of 2020 [34] Business Line Data and Key Metrics Changes - The company is focusing on deepening industry penetration and expanding vehicle types powered by REE, with multiple strategic collaborations signed with OEMs and leaders in the automotive sector [17][18] - The company announced five different REEcorner architectures and opened a global Engineering Center in the UK for design, validation, and testing [19] Market Data and Key Metrics Changes - The U.S. government announced a target for electric vehicles to make up 50% of all vehicle sales by 2030, which aligns with the company's growth strategy [10] - The company is capitalizing on the growing acceptance of EVs as a sustainable solution, supported by government initiatives [10] Company Strategy and Development Direction - The company aims to be the standard for the automotive industry, similar to "Intel Inside," by providing modular EV platforms that can be used for various vehicle types [16] - The strategy includes completing partnerships with major corporations to enhance production readiness and market penetration [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing plans to achieve commercial production by late 2023, with a focus on reaching key milestones [36] - The company expects to continue expanding its secured vendor network and increasing headcount to support growth [35] Other Important Information - The company closed its merger with 10X Capital in July, receiving approximately $348 million in gross profit to fund accelerated development [34] - Total annual operating and capital expenditures are expected to increase by roughly 25% or $15 million to $16 million compared to previous expectations [35] Q&A Session Summary Question: Timeline for first purchase order and safety approvals - Management indicated that purchase orders are expected to arrive six months prior to production, targeting production towards 2023 [40] - Safety approvals depend on vehicle types, with some regulatory approvals achievable before full vehicle testing [42] Question: Cost outlook and hiring - The increase in cost expectations is due to higher demand and the decision to grow headcount and engineering capabilities, not inflation [45][47] Question: Milestones before commercial production - Key milestones include new agreement signings, non-public road testing, and public road testing, all leading to production [72] Question: Expected cash burn per quarter - The company has not disclosed quarterly cash burn but maintains the same annual projections for revenue and costs [74]