REE Automotive ( (REE) ) just unveiled an announcement.
On March 18, 2025, REE Automotive announced a non-binding memorandum of understanding with a global technology company to develop and market new mobility solutions for passenger and freight transport. This collaboration aims to leverage REE’s P7 platform to produce thousands of autonomous vehicles by 2030, with production expected to start in 2027. The agreement is projected to generate up to $770 million in revenue by 2030, positioning REE as a leader in the autonomous transportation market. The partnership will integrate advanced software-defined vehicle technology, enhancing REE’s market positioning and offering stakeholders significant growth opportunities.
More about REE Automotive
REE Automotive Ltd. is a technology company specializing in the development and production of software-defined electric vehicles. The company focuses on enhancing safety, modularity, and performance in passenger and commercial vehicles through its proprietary software. REE operates with a global supply chain and collaborates with major automotive manufacturers to produce vehicles at scale without significant capital investment.
YTD Price Performance: -29.66%
Average Trading Volume: 43,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $143.1M
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