REE Automotive .(US:REE) Newsfilter·2025-03-18 12:00Core Viewpoint - REE Automotive Ltd. has entered a non-binding memorandum of understanding with a global technology company to develop and produce thousands of autonomous-driving vehicles based on its P7 platform, with potential revenues estimated at up to $770 million over the next five years [1][7]. Group 1: Collaboration and Revenue Potential - The MOU outlines the intent to sign a strategic collaboration agreement by the end of 2025, aiming to lead the global autonomous transportation market [1][7]. - The collaboration is expected to generate up to $770 million in potential revenues over the next five years, with software and services revenue anticipated to begin in the second half of 2025 [1][7]. Group 2: Technology and Product Development - REE's P7 platform is Federal Motor Vehicle Safety Standards certified and features a Unified Architecture designed for real-time decision-making on vehicle dynamics, safety, and autonomy [2][6]. - The first production vehicles are expected to launch as early as 2027, leveraging REE's advanced software technology for a modular and cost-effective autonomous solution [2][3]. Group 3: Strategic Positioning and Market Impact - REE aims to be the exclusive provider of software-defined vehicle technology to the partnering tech company across multiple global markets [7]. - The collaboration is positioned to deliver thousands of autonomous vehicles by 2030, with production expected to start in 2027 [7]. Group 4: Company Overview and Future Outlook - REE Automotive is focused on enabling the next generation of software-defined vehicles, enhancing safety, modularity, and performance in both passenger and commercial vehicles [6]. - The company is targeting the first deliveries of its flagship P7-C electric truck in the first half of 2025, aiming for growth by complementing global OEMs' future vehicle lineups [6].