REE Automotive Continues to Expand Full by-Wire EV Offering at ACT Expo 2024

– REE to showcase new variants of its software-driven electric trucks

– Company to announce new partnerships

– First ever open opportunity to ride and drive the world’s first full by-wire P7-C truck

– Explore the three ways to upgrade your vehicles to the full by wire technology at booth 3723

LAS VEGAS, May 08, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will attend ACT Expo 2024 in Las Vegas May 20-23, 2024. For the first time, the company will showcase its software-driven, clean sheet approach to modular electric vehicles (EVs) including the revolutionary REEcorner, the P7-S stripped chassis, and a full vehicle built on the P7-C chassis cab with a bespoke upfit. ACT Expo attendees will see firsthand the wide range of application potential through three different variations of REE’s groundbreaking technology and will be able to get behind the wheel of the P7-C electric truck for a ride and drive experiencing firsthand the advantages of the REEcorner full by wire technology.

“At our core, we are an automotive technology company shaking up the industry with our disruptive x-by-wire technology,” said Daniel Barel, CEO and co-founder of REE Automotive. “By showcasing our REEcorner, stripped chassis and full vehicle solution, we are able to properly demonstrate our mantra of ‘complete not compete’. Pure software driven vehicles are the future of automotive and at ACT 2024 we will be showcasing all of the different paths to upgrade to powered by REE EVs based on our REEcorners, stripped chassis and FMVSS certified full vehicles to fleets and other OEMs.”

Intended benefits of REE’s full x-by-wire technology:

• Steer, brake and drive-by-wire technology
• Enables purpose-built vehicles to drive down total cost of ownership (TCO)
• Excellent serviceability + residuals
• Future-proofed, autonomous-ready and over the air (OTA) upgrade capable
• Improved maneuverability and tight turn radius
• Low energy cost per mile
• Deep data analytics and application services

Three ways to work with REE to upgrade your vehicles to be software-driven:

1. Enhance your platforms with REEcorners
2. Build your truck on a REE chassis

• Fast time to market with a ready electric chassis
• Battery agnostic
• Fully flat and low chassis, designed for high modularity
• Simple and fast top-hat compatibility

3. Purchase a full P7-C Chassis Cab

• FMVSS, EPA and CARB certified medium-duty electric truck
• Driver centric cabin
• Fully flat with low step in height
• Eligible for the U.S. federal Internal Revenue Service (IRS) Commercial Clean Vehicle Tax Credit which allows customers to receive a tax credit of up to $40,000 per vehicle which can be combined with state incentives equaling up to $100,000 per vehicle

To schedule a meeting with REE’s sales team while at the show, visit https://ree.auto/event/act-expo-2/.