Core Insights - Demand for REE vehicles has surged, with reservations increasing by 230% to $137 million, including orders extending beyond 2025 [1][3] - The company has made significant progress in integrating its software-defined vehicle technology into leading OEMs across various vehicle categories [1] - Production of the flagship P7 medium-duty electric truck has commenced, with first deliveries expected in the first half of 2025 [1][3] - REE's liquidity improved by 47% to $88.8 million in cash and cash equivalents at the end of Q3 2024, compared to $60.5 million at the end of Q2 2024 [1][4] - The company secured funding of up to $65 million, demonstrating confidence from the financial sector in REE's business model [1][4] Financial Highlights - The third quarter GAAP net loss was $38.5 million, an increase from $10.8 million in Q2 2024 and $24.1 million in Q3 2023, primarily due to non-cash losses [4][5] - Free cash flow burn narrowed by 15% year over year, indicating improved operational efficiency [1][4] - The company secured $45.35 million from a registered direct offering and up to $33 million in credit facilities for production ramp-up [4][5] Business Highlights - REE's service network has expanded to 80 locations, making it one of North America's largest for pure commercial EVs [6] - The autonomous program with Airbus has progressed, showcasing REE's full by-wire technology capabilities [6] - REE's P7-S Software-Defined EV Chassis received recognition as a 2025 CES Innovation Awards honoree, highlighting the importance of software-defined vehicle technology [6]

Core Points - REE Automotive Ltd. will report its third quarter 2024 financial results on December 17, 2024, before market opens [1] - A conference call and webcast will take place on the same day at 8:30 a.m. ET to discuss the financial results and recent events [2][3] Company Overview - REE Automotive is an automotive technology company that provides modular platforms for electric vehicles, allowing for design flexibility [4] - The company’s REEcorner® technology integrates essential vehicle components into a compact module, enabling the creation of flat EV platforms with increased space for passengers and cargo [4] - REE is recognized as the first company to FMVSS certify a full by-wire vehicle in the U.S., eliminating mechanical connections for drive, steer, and brake control [4] - The platforms are designed to be future-proof, autonomous-capable, and offer a low total cost of ownership, significantly reducing time to market for electrification [4]

Core Insights - REE Automotive Ltd. has appointed Rajesh Goel from Motherson Group to its board of directors and welcomed back Hai Aviv as Chief Financial Officer to lead its North American expansion, effective November 15, 2024 [1][2][3] Company Developments - Rajesh Goel's extensive automotive experience, including leadership roles at Motherson and Honda Cars India, is expected to enhance REE's production strategy in response to increasing demand for electric trucks [2][3] - Hai Aviv, who previously served as CFO from 2018 to 2022, returns to guide REE's financial operations, bringing over 18 years of experience in public company CFO roles, particularly in software and data focused on the U.S. market [3][4] - REE's Chairman, Carlton Rose, emphasized that Goel's experience will be a strong asset as the company expands its production capabilities [2] Strategic Goals - Rajesh Goel expressed that joining REE's board is a significant opportunity to support the electric vehicle industry's transformation, highlighting the urgent need for fleets to adopt EVs [3] - Aviv aims to continue the momentum achieved during his previous tenure and create strong shareholder value as REE navigates its next growth phase [4] Company Overview - REE Automotive specializes in automotive technology, allowing the construction of electric vehicles on modular platforms, featuring the REEcorner® technology that integrates critical vehicle components into a compact module [5] - The company is recognized for its innovative by-wire technology, which eliminates mechanical connections, enabling the creation of the industry's flattest EV platforms [5] Motherson Group Profile - Motherson Group, founded in 1975, is a leading global engineering and manufacturing specialist with a gross revenue of USD 17.2 billion for FY24, operating over 400 facilities in 44 countries [6][7] - The group serves a diverse range of sectors, including automotive, health, aerospace, and logistics, and is ranked among the top 15 automotive suppliers worldwide [6]

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is REE Automotive Ltd. (REE) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.REE Automotive Ltd. is one of 102 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The ...

Overview of the Recent Transaction On September 19, 2024, M&G INVESTMENT MANAGEMENT LTD, a prominent investment firm, exceuted a significant transaction by acquiring an additional 2,163,837 shares of REE Automotive Ltd (REE, Financial). This move increased the firm's total holdings in REE to 3,910,851 shares, marking a substantial endorsement of the automotive company's potential. The shares were purchased at a price of $5.78 each, reflecting a strategic addition to M&G's portfolio. Insight into M&G INVESTM ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Stock Performance and Price Targets - REE Automotive Ltd (REE) shares have surged 1282% over the past four weeks closing at $753 [1] - The mean price target from Wall Street analysts is $1160 indicating a potential upside of 541% [1] - Price targets range from a low of $4 to a high of $18 with a standard deviation of $586 [2] - The lowest estimate suggests a 469% decline while the most optimistic estimate points to a 139% upside [2] Analysts' Price Targets and Earnings Estimates - Analysts have revised earnings estimates higher indicating growing optimism about REE's earnings prospects [9] - The Zacks Consensus Estimate for the current year has increased 431% over the past month [10] - REE currently holds a Zacks Rank 2 (Buy) placing it in the top 20% of over 4000 ranked stocks [11] Limitations of Price Targets - Price targets can mislead investors more often than guide them as empirical research shows they rarely predict actual stock price movements [5] - Analysts may set overly optimistic price targets to generate interest in stocks of companies their firms have business relationships with [6] - A low standard deviation in price targets indicates high agreement among analysts but does not guarantee the stock will hit the average target [7] Investment Considerations - While consensus price targets should not be ignored they should be treated with skepticism and not be the sole basis for investment decisions [8] - The direction of price movement implied by price targets can be a useful guide for further research into fundamental driving forces [11]

Table of Contents REE AUTOMOTIVE LTD. INTERIM CONSOLIDATED FINANCIAL STATEMENTS Exhibit 99.2 REE AUTOMOTIVE LTD AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 UNAUDITED INDEX INDEX TO FINANCIAL STATEMENTS Consolidated Interim Balance Sheets F-2 Consolidated Interim Statements of Comprehensive Loss F-3 Consolidated Interim Statement of Changes in Shareholders' equity F-4 Consolidated Interim Statement of Cash Flows F-5 Notes to the Interim Consolidated Financial Statements ...

REE Automotive Ltd. (REE) shares soared 11% in the last trading session to close at $6.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.1% gain over the past four weeks. REE's shares are rising after it inked a deal with a major supplier to the automotive industry. Recently, REE Automotive entered into a strategic agreement with Motherson Group. Per the agreement, Motherson will manage supply chain operations and assist REE ...

Motherson is a global engineering and manufacturing specialist and one of the world's leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries. Combining Motherson's manufacturing expertise and supply chain might with REE's market-leading software-defined EV product line-up promises to create a dominant new force in the electrified commercial vehicle market globally, allowing REE to provid ...