REE Automotive .(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 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].