Core Insights - REE Automotive Ltd. reported strong momentum in Q1 2024, achieving U.S. certification and beginning truck deliveries, with an order book value exceeding $50 million [2][4][5] - The company is focusing on expanding its dealer network and securing fleet orders from major companies like Penske and U-Haul, enhancing its market presence in North America [2][3][4] - REE's proprietary REEcorner® technology positions it favorably within the commercial electric vehicle (EV) value chain, with increasing interest from other automotive manufacturers [3][5] Business Highlights - REE has initiated a demo program with its dealer network, delivering trucks to generate orders from fleet customers, which could further increase the order book [2][4] - Penske Truck Leasing has begun offering REE's electric vehicles to its customers, with a significant fleet of approximately 450,000 vehicles [4][5] - U-Haul is evaluating REE's electric platform as part of its fleet electrification strategy, marking a significant partnership for the company [5][9] Technology Developments - The P7-C truck is the first full by-wire vehicle to achieve U.S. FMVSS and EPA certifications, making it eligible for substantial federal tax credits and incentives [6][8] - REE's collaboration with Airbus on an autonomous program highlights the potential for its technology in the autonomous driving market [5][9] Financial Performance - In Q1 2024, the company reported a GAAP net loss of $25.2 million, a 29% reduction from the previous quarter and a 12% decrease year-over-year [8][17] - Non-GAAP net loss narrowed by 33% quarter-over-quarter to $21.7 million, reflecting operational efficiencies and reduced costs [8][17] - As of March 31, 2024, REE had cash and equivalents of $77.5 million, bolstered by a $15 million public offering [8][17] Operational Strategy - REE is implementing a CapEx-light manufacturing strategy, aiming for bill of materials break-even at low production volumes [10] - The company plans to scale production responsibly based on available working capital and demand, with a goal of de-risking execution [10][17] - The automated production line in the UK is designed to optimize working capital by building REEcorners® based on customer orders rather than inventory [10][17]

Highlights Zircon supply is currently limited but is essential in high-growth industries like ceramics, electronics and nuclear energy, which are experiencing increasing demand globally. Initial and historical exploration assay results indicate the potential for significant Zircon co-product potential alongside Rare Earths (REEs) processing at ARR's flagship Halleck Creek project. Zirconium can be easily separated and upgraded, owing to its density, as part of the REEs preconcentration steps in the Halleck ...

Event: REE's First Quarter Financial Results Conference Call Date: Thursday, May 30, 2024 Time: 8:30 a.m. ET Conference Call Dial-In Webcast Registration Investor Contact Dana Rubinstein Chief Strategy Officer | REE Automotive +972 54-671-2845 investors@ree.auto About REE Automotive TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will ...

TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and co ...

Core Insights - REE Automotive's class 4 software-driven commercial electric vehicle (EV) has been approved for the Massachusetts MOR-EV truck incentive, allowing for significant cost savings for fleets [2][3] - The total potential savings per vehicle can reach up to $70,000 when combined with federal credits, representing a 37% reduction in costs [2][3] Company Overview - REE Automotive is an automotive technology company specializing in full by-wire electric trucks and platforms, enabling the construction of various electric vehicle shapes and sizes on modular platforms [5] - The company's proprietary REEcorner® technology integrates essential vehicle components into a compact module, allowing for the flattest EV platforms in the industry, which enhances passenger and cargo space [5] Incentive Programs - The Massachusetts MOR-EV truck incentive offers $30,000 per truck, which, when combined with federal incentives, significantly lowers the cost for fleets [2][3] - REE Automotive is actively pursuing additional incentives in other states, including California's HVIP, to further support the electrification of fleets [3] Market Position - REE's technology positions the company to lead in e-mobility, with capabilities for future-proofing and autonomous vehicle readiness, while also reducing the total cost of ownership for fleets [5] - The company has achieved a significant milestone by being the first to FMVSS certify a fully by-wire vehicle in the U.S., showcasing its innovative approach in the automotive sector [5]

REE's class 4 software-driven commercial EV was approved for the Massachusetts MOR-EV truck incentive which, when combined with the federal credit, could total up to $70,000 in cost savings per vehicle Available for orders now at regional dealers in Massachusetts and across the U.S. TEL AVIV, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it was approved for the Massachus ...

Core Viewpoint - REE Automotive Ltd. has partnered with Penske Truck Leasing to offer Powered by REE electric vehicles (EVs) to customers, enhancing REE's order book value to $50 million [1][2][5]. Company Overview - REE Automotive is an automotive technology company specializing in full by-wire electric trucks and platforms, utilizing its patented REEcorner® technology [8]. - The P7-C model is the first FMVSS certified full by-wire EV, featuring all-wheel steer and drive, with a range of up to 169 miles [5][6]. Partnership Details - Penske Truck Leasing will provide its customers with the opportunity to demo REE's by-wire vehicles, showcasing the technology's benefits [2][3]. - A joint press conference is scheduled for May 22, 2024, to discuss the collaboration further [2][5]. Technological Features - The P7-C offers superior maneuverability, enhanced safety through redundancies, and a driver-centric cabin design [6]. - The vehicle's modular design allows for quick market entry and is future-proofed for autonomous capabilities [6][8]. Upfitting and Customization - REE collaborated with Wabash to customize the P7-C with a DuraPlate® truck body, enhancing the vehicle's lightweight and durable characteristics [3][6]. - The design includes integrated mounting systems for easy body installations and accessible battery maintenance [7]. Market Position - REE's technology positions the company to lead in the e-mobility sector, with a focus on reducing total cost of ownership and improving energy efficiency [8]. - Penske operates over 445,000 vehicles and serves a wide customer base, indicating a strong market presence for the partnership [9].

REE Automotive Ltd (NASDAQ:REE) Q4 2023 Earnings Conference Call March 27, 2024 8:30 AM ET Company Participants Kamal Hamid - Vice President of Investor Relations Daniel Barel - Co-Founder, Chief Executive Officer & Director Josh Tech - Chief Operations Officer Tali Miller - Chief Business Officer Yaron Zaltsman - Chief Financial Officer Conference Call Participants Michael Shlisky - D.A. Davidson & Co Jeff Osborne - TD Cowen Craig Irwin - ROTH MKM Operator Good day and thank you for standing by. Welcome to ...

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, 2023 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 ...

Exhibit 99.2 Sha r eholde r l e t t e r Q 4 an d ful l y ea r 2023 World's First Certified All-by-Wire-Controlled Vehicle Powered by REE® REE has accomplished the majority of its milestones, setting the path for sustainable growth POWERED ay 口 P7-C customers are eligible for federal and state incentives of over $100,000 Business 区 900% growth YoY order book value [ Order book value exceeds $50 million® Y Dealer network continues to expand to 66 points of sale and service1 in the U.S. and Canada L Achieved w ...