REE Automotive

Israel-based REE Automotive offers customizable four-wheeled, electric chassis platforms that are also autonomous-ready. Its signature technology, “REEcorner,” integrates all vehicle components, such as steering, braking, suspension, powertrain, and control, into a single compact module located between the chassis and the wheel. This creates fully flat and highly modular EV platforms, which offer significant design freedom and optimization for passenger, cargo, and battery space. REE’s platforms cater to various commercial EVs and are also designed to be autonomous-capable. The models are 1) “P7 Chassis,” a medium-duty chassis for electric commercial vehicles from Class 3–5; 2) “P7-C Chassis Cab,” a medium-duty Class 4 electric chassis cab; 3) “P7-S,” Class 5 stripped chassis; and 4) “Proxima,” a Class 5 electric delivery van. 

The company has dealers across North America. As of April 2024, REE Automotive had an order book worth over USD 50 million and planned to commence mass production by Q4 2024 through a US-based contract manufacturer. 

REE Automotive, listed on Nasdaq since July 2021, went public by merging with the blank-check company in a deal valuing the company at USD 3.6 billion, with USD 500 million provided to the company. REE Automotive revenue of USD 1.6 million and reported an operating loss of USD 119.9 million during the year ended December 2023.

Key customers and partnerships

The company formed several strategic product partnerships including with 1) Magna International, a mobility technology company (April 2021), 2) Hino Motors, a Toyota subsidiary that manufactures commercial vehicles and diesel engines (April 2021), 3) Navya, a French self-driving tech company (April 2021) , 4) American Axle & Manufacturing, a US-based automotive supplier (May 2021; and November 2021), 5) Brembo, a break technology provider to supply braking systems (November 2021), 5) EAVX, a business unit of the commercial automotive and manufacturing goods and services provider JB Poindexter & Co. (July 2021), 6) Hitachi America (December 2021) , and 7) Knapheide, a North American work truck body manufacturer ( August 2023 ).

Key competitors: None comparable (REE Automotive is the only company to build autonomous-ready electric chassis platforms for trucks.)