REE will exhibit at CES with a reduced in-person presence balanced by extended digital and virtual access to new “Powered by REE” electric vehicles and EV platforms ideal for electrifying commercial fleets
-All new display of the Leopard Autonomous Delivery Vehicle Concept
-Presentation of a full-size FlatFormer platform with Hino Motors
-Live demo of the REEcorner ™ modular architecture
-Virtual experience for those who do not attend in person
TEL AVIV, Israel, December 28, 2021 / PRNewswire / – REE Automotive Ltd. (NASDAQ: REE), today announced that it is exhibiting at CES the January 5-8e in Las Vegas both in person and virtually with an expanded and interactive digital experience. REE will present its functional ultra-modular electric vehicles, prototype electric platforms and demonstrations of its revolutionary REEcorner ™ technology with full x-by-wire.
Daniel Barel, Co-Founder and CEO of REE: “CES is a great opportunity to showcase the breadth and depth of our breakthrough technology, capabilities and broad ecosystem of partners. We have so much to share with the industry and we were expecting a physical conference to meet in person at CES. We are closely monitoring the evolution of the COVID-19 situation as well as the security measures that the organizers of CTA have put in place. Innovation is everything and therefore we believe the best way forward is to exhibit at CES with a reduced physical presence while still providing full virtual access to our exhibit and demos at the show and to the REE team. “
REE sees a future in which electric vehicles – ranging from commercial vans and passenger shuttles to autonomous robot taxis and last mile delivery vehicles – will have REE technology at the core. The company has already laid the groundwork to make this future possible by partnering with global leaders such as Hino Motors, Hitachi America, Magna International, JB Poindexter and others, creating one of the most comprehensive mobility ecosystems of its kind.
The REE display at CES includes:
REE-Hino Motors EV platform and commercial alliance
The joint exhibition of the companies at CES reinforces the strength of Hino and REE’s enduring partnership and their joint efforts to provide electric commercial mobility solutions designed to improve quality of life globally. REE and Hino will showcase a full-size FlatFormer concept model, a fully flat, modular EV platform designed to serve multiple target markets, from delivery companies to mobility as a service. Companies are on track for prototype hardware by FY2022.
The REEcorner ™ demo showcases the performance of four functional REEcorners ™ under real-world conditions, allowing visitors to experience the wide range of mission-specific vehicles that can be activated by the REEcorners ™ and EV platforms.
REEcorners ™ feature x-by-wire technology allowing independent control of drive wheels, steering and brakes and complete flexibility in EV and AV design. Through REE’s partnership with American Axle & Manufacturing (AAM; NYSE: AXL), REE will show how REEcorners ™ integrate AAM’s 3-in-1 propulsion system (Electric Drive Unit, Inverter and Speed Reducer) to deliver unmatched power and control.
Leopard – Autonomous delivery concept vehicle
REE will be showcasing for the first time its fully autonomous delivery vehicle concept, Leopard, based on REE’s all-new ultra-modular vehicle platform. The vehicle is equipped with LiDAR sensors from Innoviz Technologies (Nasdaq: INVZ), a leading supplier of solid-state LiDAR sensors and high performance perception software.
Information on media availability:
CEO of the co-founders of REE Daniel Barel and CTO Ahishay Sardes will be available for interviews
REE, Hino Motors and AAM teams will be available for joint media interviews
An analyst event with American Axle is scheduled for January 5 at 12:15 p.m.
REE location: Booth # 4865, West Hall
For more information on media availability, media booth tours and press releases, please contact:
Communication Manager, REE Automotive
About REE Automobile
REE (Nasdaq: REE) is an automotive technology leader with a mission to enable companies to build any size or shape of electric or autonomous vehicle – from Class 1 to Class 6 – for any application and any target market. REE aims to serve as the foundation on which EVs and AVs will be built and envisions a future where EVs and AVs will be “Powered by REE”.
REE’s revolutionary technology – the REEcorner ™ – brings together the essential vehicle components (steering, braking, suspension, powertrain and control) into a single compact module placed between the frame and the wheel, allowing REE to build the platforms The flattest EVs in the industry with more room for passengers, cargo and batteries. REE uses x-by-wire technology to control each corner of vehicles with full drive-by-wire, brake-by-wire and steer-by-wire.
REE’s electric vehicle platforms offer complete design freedom, enabling automakers, OEMs, delivery and logistics fleets, mobility-as-a-service providers and new mobility players to design solutions. EVs and mission-specific autonomous vehicles based on their exact business requirements and dramatically reduce their time to market, lower total cost of ownership and meet zero carbon regulations.
Based in Herzliya, Israel, REE has an engineering center in the UK, as well as subsidiaries around the world including Japan and Germany, and plans to open its US headquarters and its first integration center in Austin, Texas. REE’s unique CapEx-light manufacturing model builds on existing production lines from Tier 1 partners; The company’s large ecosystem of partners includes leading names including Hino Motors (the truck arm of Toyota), Magna International, JB Poindexter, Navya and American Axle & Manufacturing to provide a complete turnkey solution.
REE’s patented technology, combined with its unique value proposition, positions it to innovate in electric mobility. For more information, visit https://www.ree.auto.
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believes”, “expects”, “anticipates” , “Considers”, “projects,” “intends”, “should”, “seeks”, “the future”, “continues” or the negative of these terms, or any other comparable terminology. Forward-looking statements are statements that are not historical facts. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained in this document. Factors that could cause Significant differences from actual results include, but are not limited to: our limited operations and our need for expansion in the near future to fulfill product orders; the associated risks the obtaining of orders and the execution of such orders; the ability to protect our intellectual property; the potential lack of market acceptance of our products; potential competition; our inability to retain key members of our management team; our inability to raise additional capital to fund our operations and business plan; our inability to meet the restrictive covenants of our financing agreements; our inability to maintain the listing of our securities on the Nasdaq Capital Market; our inability to meet warranty claims from our customers; our ability to continue to operate; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K filed with the SEC. REE expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE REE Automotive