REE Automotive .(REE) - 2024 Q1 - Quarterly Report

Exhibit 99.1 REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus Q1 2024 and Recent Highlights: Business: Technology: ● P7-C is the first full by-wire truck to achieve U.S. FMVSS and EPA certifications. P7-C vehicles are now eligible for a U.S. federal tax credit of up to $40,000 per vehicle and are expected to be eligible for over $100,000 of incentives per vehicle with additional state incentives. TEL AVIV (May 30, 2024) – ...