Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million
TEL AVIV, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced key business updates, leading with the current order value book value surpassing $50 million and the expansion of REE’s authorized dealer network, which now covers 66 locations of sales and service across the U.S. and Canada.
- REE continues to grow its presence in Canada adding new dealers - Kaizen Automotive Group and Macnab EV Sales Corp – and one new dealer in Washington, Pacific Mobility Group , to its North American Authorized Dealer Network.
- All new dealers have placed orders for P7-C electric chassis cabs.
- In Washington, fleets are eligible for federal IRA incentives and we expect Washington to adopt a state incentive program in the future.
- To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto .