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REE Automotive Ltd (NASDAQ: REE) develops software-defined electric vehicle platforms. Its proprietary REEcorner™ x-by-wire technology integrates the motor, steering, brakes, and suspension into independent corner modules, enabling a fully flat and modular chassis. On October 16, 2025, REE shares closed at $1.46, an increase of 34.56%, with a trading volume of 3,016,061.
Corporate Structure
REE Automotive employs between 201 and 500 staff across three primary sites:
- An automotive software R&D center in Israel
- An engineering and integration facility in the United Kingdom
- Final assembly, sales, and customer support operations in the United States
Senior leadership includes CEO Daniel Barel and senior finance executive Kamal Hamid. The company’s cybersecurity strategy for Software-Defined Vehicles is overseen by CISO Yaron Edan.
Electric vehicles by CHUTTERSNAP
Recent Developments and News
- December 17, 2024: In its Q3 2024 results, REE reported a 230% increase in reservations as initial production began, alongside improved liquidity, with a breakeven target set for the second half of 2025.
- November 19, 2024: Recognized as a CES 2025 Innovation Award honoree for its software-defined vehicle technology.
- September 23, 2024: Initiated U.S. production in collaboration with Roush Industries as its contract manufacturer.
- May 2025: Announced a pause in production plans to focus on licensing its software platforms to OEMs and technology partners.
- June 9, 2025: Issued a press release regarding cost reduction measures aimed at sustaining long-term growth.
- July 3, 2025: Received a Nasdaq Minimum Bid Price Notification after its share price fell below the required threshold.
- October 9, 2025: Filed a Form 6-K to convene a special shareholder meeting on November 13, 2025, addressing board proposals and governance matters.
Financial and Strategic Analysis
REE Automotive went public on July 23, 2021, via a SPAC merger, raising approximately $285 million and achieving a peak valuation of about $3.6 billion. Key financial and strategic highlights include:
- Net losses decreased from $98.3 million in 2023 to $70.3 million in 2024, although a "going concern" warning was issued in August 2024.
- Market capitalization fell to approximately $25 million after a share price decline exceeding 70% in August 2024.
- A registered direct offering in Q1 2025 sold 6.4 million shares at $4.25 each, generating $27 million in gross proceeds.
- The cost reduction initiatives announced on June 9, 2025, aim to extend the cash runway while refocusing the business on software licensing rather than vehicle manufacturing.
- The Nasdaq notification received on July 3, 2025, indicates a potential risk of delisting if the minimum bid price is not restored.
Market Position and Industry Context
REE Automotive’s platforms target class 1–6 commercial vehicles, providing fully flat chassis that offer up to 35% more interior volume for passengers, cargo, and batteries. Key features include:
- Low step-in height and improved aerodynamics resulting from the absence of mechanical linkages
- Scalability and modular battery packaging to accommodate varying range requirements
- Compatibility with batteries or fuel cells and readiness for autonomous integration
Strategic partnerships include established Tier-1 suppliers and fleet operators, such as Hino Motors, Penske, U-Haul, and Airbus Innovation, while contract manufacturing agreements with Roush Industries and supply-chain support from Samvardhana Motorfactors underpin a CapEx-light operational model. The commercial EV sector faces challenges including pricing pressures, durability expectations from fleet buyers, and a general slow investment climate following the COVID-19 pandemic.
tl;dr
As of October 16, 2025, REE Automotive’s stock rose 34.56% to $1.46 following cost-reduction efforts and a strategic shift to software licensing after pausing vehicle production in May 2025. The company is addressing Nasdaq minimum bid price compliance following a notification issued in July and has scheduled a shareholder meeting for November 13, 2025. With net losses of $70.3 million reported in 2024 and a constrained cash runway, REE is focusing on partnerships with OEMs and achieving operational efficiencies to manage its "going concern" status and uphold market compliance.
