REE Announces Further Progress Towards Commercial Production Capabilities

May 16, 2022

  • Core robotic assembly proven and on schedule to be implemented into first highly automated Integration Center in UK
  • Novel cloud-based robotic manufacturing approach creates efficiency, savings, and scale flexibility
  • Upcoming Austin, Texas, Integration Center will replicate scalable robotic assembly operations
  • Initial capacity of 10,000 vehicle sets by year end to double by 2023
  • Watch the Robotic Assembly Process video. Click here

NUNEATON, UK, May 16, 2022 – REE Automotive Ltd. (NASDAQ: REE), an automotive technology company and provider of electric vehicle (EV) platforms, announced today progress towards commercial production, having proven its robotic assembly capabilities, the core of its CapEx-light and highly-automated integration center manufacturing approach. REE’s plans to implement the cloud-based robotic assembly lines at its network of highly-digitalized global manufacturing plants with first in its European Integration Center in Coventry, UK.

REE’s Coventry Integration Center will serve customer demand in Europe with an initial focus on the P7 electric platform for commercial vehicles such as walk-in delivery vans, buses, and recreational vehicles. The Coventry site will also operate as the blueprint for all future REE Integration Centers, with expected capacity of 10,000 vehicle sets (40,000 REEcorners™) this year. The North American Integration Center in Austin, Texas, is expected to double global capacity to 20,000 vehicle sets in 2023 by replicating the highly automated cloud-based architecture of its European sibling.

The company is partnering with industry leaders including Rockwell Automation and Expert Technologies Group for robotics and automated assembly, with the first assembly line expected to become operational in the second half of 2022. The company expects to host customer and media visits later this year.

REE is implementing line-side controls from Rockwell Automation and is creating further efficiencies and savings through the adoption of the Plex Manufacturing Execution System (MES). The Plex cloud-based solution’s ability to deliver full visibility into production operations enables scalable manufacturing locally and across global Integration Centers.

“This is an important milestone on our path to commercial production next year. The automated and connected capabilities at our Coventry site are a great foundation for our global operations, as they will enable us to continuously fine-tune our assembly procedures and rapidly deploy them to other sites,” said Josh Tech, REE’s Chief Operating Officer. “Our cloud-based robotic manufacturing system will be the digital backbone for our assembly lines and give us the local capability to manage our customer-specific manufacturing operations, while also allowing us to quickly share and scale best practices internationally across all plants.”

The Integration Center is approximately 130,000 square feet, includes industry 4.0 technologies and will be partially powered by solar energy.

“We have a world-class team of highly skilled designers and engineers who are leading the design, development and production of our innovative current and future technologies,” said Peter Dow, REE Vice President of Engineering. “Our team is doing tremendous work toward commercialization of our REEcorner™ technology with P7 corner and platform builds. This establishment of the Coventry Integration Center marks a pivotal moment in the commercialization of REE’s innovative REEcorner™ technology and EV platforms, with prototype on-track testing of its P7 platform having commenced this year.”

Contacts

Investor Relations
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
[email protected]

Media
Caroline Hutcheson
Head of Global Communications | REE Automotive
+1-252-314-2028
[email protected]

About REE Automotive

REE (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™”.

REE’s revolutionary technology – the REEcorner™ – 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 REEcorner™ of the vehicles with full drive-by-wire, brake-by-wire and steer-by-wire capabilities.

REE’s 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.

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. REE’s unique CapEx-light manufacturing model leverages Tier-1 partners’ existing production lines; the company’s 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.

REE’s 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.

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