REE Automotive Accelerates Market Presence and Financial Growth

REE Automotive (REE) has released an update.

REE Automotive has begun delivering its full by-wire electric trucks to notable clients including Penske and U-Haul, and is collaborating with Airbus on an autonomous program, indicating strong market traction. The company’s technology has achieved U.S. certification, and its dealer network is expected to substantially grow the order book value, which has surpassed $50 million. Financially, REE reported a significant quarterly reduction in net loss, demonstrating operational efficiencies and progress towards its production and financial targets.

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