REE Automotive offers four-wheeled, customizable electric self-driving chassis platforms. The company is based in Israel and planned to open its North American headquarters in Texas. Its “REEcorner” technology platform integrates all drive components into the arch of the wheel while the flat, modular chassis can be used as a battery or fuel cell-powered vehicle. Its technology is used in autonomous delivery trucks, shuttles, and robotaxis. The Israeli company offers the products in five different models with varying carrying capacities and speed limits for a broad range of purposes, including last-mile delivery, mobility-as-a-service, mid-mile delivery, and medium-duty delivery, among others. In November 2021, REE Automotive unveiled a fully autonomous modular EV concept vehicle dubbed “Leopard,” pitched toward purposes like last-mile delivery. It has a cargo volume of 180 cubic feet, and can travel at a maximum speed of 60 mph. Its P7 chassis, primarily designed to accommodate medium-duty commercial vehicles, can travel at a maximum speed of 80 mph, carrying a payload of around 8,800 lbs covering a 370-mile range. The company commenced trials of its P7 in January 2022, with plans to start advanced customer testing of full vehicles in mid-2022. The company offers two vehicle models built on the P7 model—a walk-in van and an electric Class 3 box truck pitched towards mid-mile and last-mile deliveries.

As announced in February 2021, REE Automotive intends to have around 15 assembly plants by 2026 in locations including the US, Germany, and Japan. The manufacturing would take place via a network of OEMs from more than 30 countries, including American Axle, Mahindra, KYB, and then be assembled at its plants. It also aims to begin mass production in 2022 and has signed MOUs for around USD 5.1 billion in orders through 2026. The company has an engineering center in Warwickshire, UK, a facility in Coventry, UK, and plans to build another facility in Austin, Texas in 2023. The company was expected to produce up to 10,000 vehicle sets by end-2022 and double its capacity by 2023.

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), and 6) Hitachi America (December 2021).  

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 (announced in February 2021). The company was also awarded a USD 17 million grant from the UK government in August 2021, for commercial production of its REEcorner technology and its modular electric vehicle platforms.