REE Automotive Named CES 2025 Innovation Award Honoree for Software-Defined Vehicle Technology
REE Automotive has been named a CES 2025 Innovation Awards honoree for its P7-S Software-Defined EV Chassis in the Vehicle Tech & Advanced Mobility category. The P7-S is a Class 4-5 electric vehicle platform featuring full by-wire technology and autonomous-ready capabilities. Built with four identical REEcorners® that integrate steering, braking, suspension, powertrain, and control into single compact modules, the platform offers all-wheel steering and drive functionality. The P7-S is currently being evaluated by U-Haul as their first EV solution.
REE Automotive è stata nominata come onoraria ai CES 2025 Innovation Awards per il suo telaio EV definito da software P7-S nella categoria Tecnologia Veicolare e Mobilità Avanzata. Il P7-S è una piattaforma di veicolo elettrico di Classe 4-5 che presenta tecnologia totalmente by-wire e capacità pronte per l'autonomia. Costruita con quattro REEcorners® identici che integrano sterzo, frenata, sospensione, propulsione e controllo in moduli compatti unici, la piattaforma offre funzionalità di sterzo e trazione integrali. Il P7-S è attualmente in fase di valutazione da parte di U-Haul come loro prima soluzione EV.
REE Automotive ha sido nombrada como homenajeada en los CES 2025 Innovation Awards por su chasis EV definido por software P7-S en la categoría de Tecnología Vehicular y Movilidad Avanzada. El P7-S es una plataforma de vehículo eléctrico de Clase 4-5 que cuenta con tecnología totalmente by-wire y capacidades listas para la autonomía. Construida con cuatro REEcorners® idénticos que integran dirección, frenado, suspensión, tren motriz y control en módulos compactos únicos, la plataforma ofrece funcionalidades de dirección y tracción en las cuatro ruedas. El P7-S está siendo evaluado actualmente por U-Haul como su primera solución EV.
REE Automotive는 CES 2025 Innovation Awards에서 차량 기술 및 고급 이동성 부문에 대한 P7-S 소프트웨어 정의 EV 섀시로 우수상을 수상했습니다. P7-S는 완전 바이와이어 기술과 자율주행 준비 기능을 갖춘 4-5 클래스 전기차 플랫폼입니다. 조향, 제동, 서스펜션, 파워트레인 및 제어를 단일 컴팩트 모듈로 통합한 네 개의 동일한 REEcorners®로 제작된 이 플랫폼은 사륜 조향 및 드라이브 기능을 제공합니다. P7-S는 현재 U-Haul에 의해 최초의 EV 솔루션으로 평가되고 있습니다.
REE Automotive a été distinguée par les CES 2025 Innovation Awards pour son châssis EV défini par logiciel P7-S dans la catégorie Technologie des véhicules et Mobilité avancée. Le P7-S est une plateforme de véhicule électrique de Classe 4-5 comportant une technologie entièrement by-wire et des capacités prêtes pour l'autonomie. Construit avec quatre REEcorners® identiques qui intègrent direction, freinage, suspension, groupe motopropulseur et contrôle dans des modules compacts uniques, la plateforme offre des fonctionnalités de direction et de traction intégrales. Le P7-S est actuellement évalué par U-Haul comme leur première solution EV.
REE Automotive wurde als Preisträger der CES 2025 Innovation Awards für ihr P7-S softwaredefiniertes EV-Chassis in der Kategorie Fahrzeugtechnik und fortschrittliche Mobilität ausgezeichnet. Das P7-S ist eine Klasse 4-5 Elektrofahrzeugplattform, die vollständig by-wire Technologie und autonome Fähigkeiten bietet. Es ist mit vier identischen REEcorners® ausgestattet, die Lenkung, Bremsen, Aufhängung, Antrieb und Steuerung in kompakten Einzelmodulen integrieren. Die Plattform bietet eine Allradlenkung und Antriebsfunktionalität. Der P7-S wird derzeit von U-Haul als deren erste EV-Lösung evaluiert.
- Recognition as CES 2025 Innovation Awards honoree enhances market credibility
- U-Haul evaluating P7-S as their first EV solution indicates potential commercial adoption
- Innovative REEcorner technology offers competitive advantage in EV platform market
- None.
-The P7-S stripped chassis is a software-defined Class 4-5 electric vehicle (EV) platform that is fully by-wire, autonomous-ready and aims to be the basis for the auto industry to build software-defined vehicles (SDV)
-Currently, the P7-S is being evaluated by U-Haul as their first EV solution
TEL AVIV, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its P7-S Software-Defined EV Chassis has been named a 2025 CES Innovation Awards® honoree in the Vehicle Tech & Advanced Mobility product category, recognizing the platform’s industry-advancing by-wire technology, modularity and engineering features, which REE intends to deliver to original equipment manufacturers (OEMs) and fleets as the basis of their software-defined vehicle programs.
REE’s P7-S stripped chassis is a software-defined, full-by-wire platform, designed to be autonomous-ready and adaptable to evolving market demands. The P7-S is built on four identical REEcorners®, which integrate all critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module, making the vehicle all-wheel steer and drive. Built with a technology-first mindset, the P7-S embodies REE’s modular approach to EV design, setting new industry standards in safety and performance.
“With the P7-S, we’ve engineered a software-driven, fully by-wire platform that delivers unmatched technology and versatility to the automotive industry,” said Daniel Barel, CEO and co-founder of REE. “We are setting out to be a solution used by OEMs and fleets that isn’t constrained by century-old technology and vehicle architecture to advance the adoption of electric, software-defined transportation.”
The CES Innovation Awards honor exceptional designs and engineering in consumer technology products. Winners are chosen by a distinguished panel of experts, including respected consumer technology designers, engineers and media professionals.
To learn more about REE’s patented technology and unique value proposition that positions the company to break new ground in e-mobility, visit www.ree.auto.
About REE Automotive
REE (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to FMVSS certify a full by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low total cost of ownership (TCO), and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.
Media Contact
Malory Van Guilder
Skyya PR for REE
+1 651-335-0585
ree@skyya.com
Investor Contact
Dana Rubinstein
Chief Strategy Officer for REE
investors@ree.auto
Caution About Forward-Looking Statements
This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses its intention to deliver its P7-S Software-Defined EV chassis to original equipment manufacturers (OEMs) and fleets as the basis of their software-defined vehicle programs, the benefits and advantages of its P7-S Software-Defined EV chassis, and that REE’s modular approach to EV design is setting new industry standards in safety and performance. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” 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 REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.
These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information 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 an 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 REE’s 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 REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; 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; REE’s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s 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 REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.
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