REE Automotive (REE) 17th Annual LD Micro Main Event Conference summary

Technology and product innovation

• Developed and certified a full by-wire vehicle system, including drive-by-wire, brake-by-wire, and steer-by-wire, for large fleet applications.

• REEcorner technology integrates all major systems into a modular corner unit, enabling flexible vehicle design and rapid maintenance.

• P7 platform targets Class 3–5 delivery vehicles, offering lower floors, spacious cabs, and high efficiency through four-motor regenerative braking.

• Vehicles are power source agnostic, allowing for battery supplier flexibility and easier adaptation to supply chain changes.

• Over 180 patents support a ground-up architecture adaptable to various vehicle types.

Strategic partnerships and go-to-market approach

• Established a major partnership with Motherson, a $17B global automotive supplier, for investment, supply chain stability, and manufacturing support.

• Contract manufacturing with Roush in the U.S. and in-house production in the U.K. to avoid idle capital and over-investment.

• Collaborations with leading upfitters and dealers enable flexible vehicle configurations and minimize direct sales infrastructure costs.

• Ongoing demo programs with major fleets like Penske and U-Haul to validate technology and value proposition.

• Airbus partnership leverages by-wire technology for autonomous ground operations training.

Financial performance and outlook

• Current cash burn is $5–6M per month, with a 90% reduction quarter-over-quarter and 25% year-over-year.

• Recent $45M capital raise led by M&G and Motherson provides sufficient funding to fulfill a $60M order book and reach positive unit economics.

• Production ramp begins at the end of this year, scaling through next year, with plans to optimize further with Motherson's support.

• Achieves material margin parity at low hundreds of vehicles and targets positive EBITDA at low thousands of vehicles, avoiding large CapEx investments.

• Over $100M in cash equivalents and strong long-term shareholders, with M&G and Motherson holding significant stakes.