REE Automotive Ltd. Files Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2021 – Yahoo Finance

REE Automotive Inc

TEL AVIV, Israel, March 28, 2022 (GLOBE NEWSWIRE) -- REE Automotive (REE) (Nasdaq: REE), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the SEC).

The report is available on the SECs website, at http://www.sec.gov and REEs Investor Relations website, at https://investors.ree.auto/.

Shareholders can obtain copies of REEs Annual Report on Form 20-F, free of charge, by making a request within a reasonable period of time to REEs Investor Relations Department at investors@ree.auto.

About REE Automotive

REE Automotive (Nasdaq: REE) is an automotive technology leader whose mission is to empower companies to build any size or shape of electric or autonomous vehicle from Class 1 through Class 6 for any application and any target market. REE aims to serve as the underpinning on top of which electric vehicles (EVs) and autonomous vehicles (AVs) will be built and envisions a future where EVs and AVs will be Powered by REE TM.

REEs revolutionary technology the REEcorner TM packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel, enabling REE to build fully-flat EV platforms with more room for passengers, cargo and batteries. REE plans to use its proprietary X-By-Wire control technology to control each REEcornerTM of the vehicles with full drive-by-wire, brake-by-wire and steer-by-wire capabilities.

REEs EV platforms are designed to provide customers with complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower total cost of ownership and comply with zero-carbon regulations.

Story continues

Headquartered in Glil Yam, Israel, REE has an Engineering Center in the UK, as well as subsidiaries in Japan and Germany, and plans to open its U.S. headquarters and first Integration Center in Austin, Texas. REEs unique CapEx-light manufacturing model leverages Tier-1 partners existing production lines; the companys extensive partner ecosystem encompasses leading names including Hino Motors (truck arm of Toyota), Magna International, JB Poindexter, Navya and American Axle & Manufacturing to provide a full turnkey solution.

REEs patented technology, together with its unique value proposition, position it to break new ground in e-Mobility. For more information visit https://www.ree.auto.

Contacts

Investor RelationsLimor GruberVP Investor Relations | REE Automotive+972-50-5239233investors@ree.auto

MediaCaroline HutchesonHead of Global Communications | REE Automotive+1-252-314-2028media@ree.auto

Caution About Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding REE or its management teams expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words aim anticipate, appear, approximate, believe, continue, could, estimate, expect, foresee, intends, may, might, plan, possible, potential, predict, project, seek, should, would and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REEs strategic and business plans, technology, relationships, objectives and expectations for our business, the impact of trends on and interest in our business, intellectual property or product and its future results, operations and financial performance and condition

These forward-looking statements are based on information available as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REEs control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

Uncertainties and risk factors that could affect REEs future performance and could cause actual results to differ include, but are not limited to: REEs ability to commercialize its strategic plan; REEs ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REEs advanced prototypes into marketable products; REEs ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REEs estimates of unit sales, expenses and profitability and underlying assumptions; REEs reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REEs limited operating history; risks associated with plans for REEs initial commercial production; REEs dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REEs ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; and adverse global conditions, including macroeconomic and geopolitical uncertainty; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REEs ability to enforce, protect and maintain intellectual property rights; REEs ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements in REEs annual report filed with the U.S. Securities and Exchange Commission (the SEC) on March 28, 2022 and in subsequent filings with the SEC.

Read more:

REE Automotive Ltd. Files Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2021 - Yahoo Finance