REE Automotive Reports Q3 2024 Results: Reservations Surge by 230% as Production Begins and Liquidity Increases, Reaffirming BoM Breakeven Target for H2 2025
REE Automotive Ltd. - Class A Ordinary Shares (REE)
Company Research
Source: GlobeNewswire
Demand for Powered by REE vehicles surges as reservations grow by 230% to $137 million* including reservations for production that extend beyond 2025.Significant progress toward integration of REEs software defined vehicle technology (SDV) into leading OEMs in several vehicle categories. Production of flagship P7 medium duty electric truck kicked-off according to plan targeting first deliveries in H1 2025 supported by strategic partner Motherson and Detroit-based Roush Industries. Production ramp up is targeted for H2 2025 reaffirming Company’s target to reach bill-of-materials (BoM) breakeven in H2 2025 in the low hundreds of vehicles.REE’s Autonomous-ready X by-wire architecture continues to generate strong interest for “full-autonomy” trucks following successful Airbus program.Motherson has begun supply chain management and manufacturing optimization efforts. Liquidity improved by 47% to $88.8 million in cash and cash equivalents at the end of Q3 2024, compared to $60.5 million in
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News
- REE Automotive Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- REE Automotive Reports Q3 2024 Results: Reservations Surge by 230% as Production Begins and Liquidity Increases, Reaffirming BoM Breakeven Target for H2 2025 [Yahoo! Finance]Yahoo! Finance
- What To Expect From REE Automotive Ltd (REE) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- REE Automotive Named CES 2025 Innovation Award Honoree for Software-Defined Vehicle TechnologyGlobeNewswire
- REE Automotive to Report Third Quarter 2024 Financial Results on December 17, 2024GlobeNewswire
REE
Earnings
- 12/17/24 - Miss
REE
Analyst Actions
- 9/27/24 - HC Wainwright
REE
Sec Filings
- 12/20/24 - Form 144
- 12/17/24 - Form 144
- 12/17/24 - Form 6-K
- REE's page on the SEC website