Customers of Ree Automotive Ltd saw their costs of revenue deteriorate by -19.75 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -24.88 %, for the same period Ree Automotive Ltd
Ree Automotive Ltd's Comment on Sales, Marketing and Customers
The prices of REEs are quoted in different forms, including oxides, metals, ferroalloys,
and cerium carbonate concentrate (with approximately 45% TREOs). The marketability
of REE concentrates will depend on the concentrate grade, the distribution of
REEs in the concentrate and the types of impurities contained in the concentrate.
Mixed REE concentrates are often then separated into individual REOs or groups
of similar REOs that can be sold or can be tolled for further refinement.
Supply and demand factors for REE products that could positively impact REE
prices include the following, among other factors:
the use of Nd, Pr, Tb and Dy in high-strength magnets that are critical to hybrid
and electric vehicles and the increased construction of wind power generation
facilities, particularly large off-shore installations;
the use of Sm in high-performance Sm-cobalt permanent magnets;
the use of La and Ce for NiMH batteries that are utilized in hybrid and electric
vehicles;
the use of Eu, Tb, Y and Ce in the production of compact fluorescent and LED
light bulbs;
the use of high-strength NdFeB magnets in the miniaturization of electronic
products;
the use of La in FCCs by refineries processing lower quality crude oil that
consumes greater quantities of the catalysts;
the increased use of REEs in the drive to improve energy efficiency and reduce
greenhouse gases, or GHGs, by the United States and the European Union;
China consolidating its REE industry and closing small, inefficient and polluting
REE producers;
the stockpiling of certain REE products, tightening control of export volumes
through licensing and increases in production taxes by China;
the use of Ce in glass, ceramics, glass polishing, and advanced water filtration
applications;
the continued research and commercialization of new applications for REE products;
and
the rising costs in China due to stricter environmental controls and rising
wages.
Supply and demand factors for REE products that could negatively impact REE
prices include the following, among other factors:
the potential for oversupply of certain REEs due to new production outside of
China and/or increased exports from China;
strong demand for selected REEs like magnet materials, driving overproduction
of other co-product REEs and creating oversupply conditions for the less desired
REEs;
the potential substitution of other materials for high-priced REEs;
economization by intermediate and end-users to reduce their usage of REEs in
end-products;
the potential for increased recycling of high-priced REEs;
continued low oil, gas and coal prices that could reduce the demand for technologies
using REEs;
static or lower global economic growth, reducing overall demand growth for REEs;
and
potential by-product production of REEs that may increase supply irrespective
of the normal economics of REE production.
The feasibility of the Bear Lodge REE Project and our ability to raise additional
funds to develop the Project may be impacted by global supply and demand and
future prices of REEs.
REE Automotive and Roush Industries Commence U.S. Production Amid Financial Challenges REE Automotive Ltd, a pioneering company in electric vehicle technology, has officially kick-started its U.S. production operations in collaboration with Roush Industries, a well-known contract manufacturer. This strategic move marks a significant milestone for REE Automotive as it aims to capitalize on the expanding electric vehicle market. However, the financial health of the company presents a mixed picture, highlighting both innovation and challenges.Over the past year, REE Automotive reported a substantial net loss totaling $114 million as of the fourth quarter of 2023. This substantial financial deficit has led to a ...
In a significant stride towards the future of electric commercial vehicles, REE Automotive Ltd. (Nasdaq: REE) has unveiled the next generation of its software-driven electric vehicle platform, known as the P7-S. This groundbreaking development is strategically designed to cater to leading delivery fleet operators, marking a notable advancement in the EV industry.The P7-S platform is a class 5 stripped chassis that leverages REE s innovative P7 REEcorners, enabling a fully-flat platform with several key features. These include a low step-in height, modular configuration, high payload capacity, and revolutionary all-wheel steer capability. By integrating advanced technology and a clear focus on user needs, REE...
In a landmark development for the electric vehicle (EV) market, Massachusetts has approved REE Automotive’s P7-C class 4 electric trucks for a substantial $30,000 incentive per vehicle under the MOR-EV (Massachusetts Offers Rebates for Electric Vehicles) truck incentive program. This initiative is poised to invigorate the commercial EV sector by making environmentally friendly transportation solutions more cost-effective for businesses in the state.The P7-C electric trucks, known for their software-driven advanced engineering, are specifically designed to cater to the needs of commercial fleets. For operators, the Massachusetts incentive, when bundled with the federal tax credits, offers potential savings ...
REE Automotive selected by Airbus UpNext for Technological ExpertiseTEL AVIV, Israel, March 05, 2024 - REE Automotive Ltd. (Nasdaq: REE) has recently been chosen by Airbus UpNext, the wholly-owned innovation subsidiary of Airbus SE, to leverage its expertise in REEcorner and full-by-wire control systems. This collaboration between two industry leaders highlights the growing significance of electric mobility and sustainable transportation.Airbus UpNext focuses on conducting accelerated technological experiments and developing disruptive solutions for the aerospace industry. With a shared vision of innovation and sustainability, REE Automotive aligns perfectly with Airbus commitment to revolutionize transport...
TEL AVIV, Israel REE Automotive Ltd., the renowned automotive technology company specializing in full by-wire electric trucks and platforms, is set to showcase two groundbreaking configurations of its P7-C fully-by-wire electric truck at Work Truck Week 2024. This event promises to revolutionize the automotive industry, marking a significant milestone for REE as it becomes the first company to certify a fully x-by-wire vehicle.During the event, REE Automotive will exhibit two P7-C configurations to the public. The first is the highly anticipated P7-C Chassis Cab, which will be displayed at REE s booth 1843. Visitors will have the opportunity to get up close with this technologically advanced vehicle, exper...
REE Automotive, a leading engineering company specializing in electric vehicle platforms, and Knapheide, a renowned manufacturer of commercial vehicle bodies, have joined forces to introduce an innovative electric vehicle solution to the U.S market. This collaboration is marked by the debut of REE Automotive s Class 4 P7-C demo electric chassis cab, which has been expertly upfitted with Knapheide s KUV body. The strategic partnership between these industry leaders showcases their commitment to revolutionizing the electric vehicle sector.1. REE Automotive introduces a groundbreaking electric chassis cab to the U.S. market:REE Automotive has unveiled the first-ever Class 4 P7-C demo electric chassis cab, a veh...
REE Automotive Makers Certify and Deliver First Full-By-Wire Electric Trucks to US CustomersTel Aviv, Israel REE Automotive Ltd. (Nasdaq: REE), a leading provider of electric trucks and platforms, has announced the successful certification and delivery of its P7-C electric chassis cab to customers in the United States. This marks a significant milestone as REE becomes the first company to certify a fully by-wire vehicle, in compliance with both the Federal Motor Vehicle Safety Standards (FMVSS) and the Environmental Protection Agency (EPA).The certification process, which ensures compliance with safety and emissions regulations, positions REE at the forefront of the electric vehicle industry. By introducin...
In a groundbreaking move towards sustainable transportation, Monarch Truck Center, a trusted medium-duty truck dealer, is set to host a Ride and Drive event for REE Automotive Ltd. s latest innovation the P7-C medium-duty by-wire electric truck. This event, which will witness participation from Canteen, Stanford University, City of San Jose, and other esteemed large fleet customers in the Bay Area, is poised to revolutionize the automotive market in terms of eco-friendly transportation.REE Automotive Ltd., an acclaimed automotive technology company, has emerged as a leading provider of full by-wire electric trucks and platforms. The P7-C model, a remarkable achievement in REE s electric truck lineup, is se...
Ree Automotive Ltd’s Comment on Sales, Marketing and Customers
The prices of REEs are quoted in different forms, including oxides, metals, ferroalloys,
and cerium carbonate concentrate (with approximately 45% TREOs). The marketability
of REE concentrates will depend on the concentrate grade, the distribution of
REEs in the concentrate and the types of impurities contained in the concentrate.
Mixed REE concentrates are often then separated into individual REOs or groups
of similar REOs that can be sold or can be tolled for further refinement.
Supply and demand factors for REE products that could positively impact REE
prices include the following, among other factors:
the use of Nd, Pr, Tb and Dy in high-strength magnets that are critical to hybrid
and electric vehicles and the increased construction of wind power generation
facilities, particularly large off-shore installations;
the use of Sm in high-performance Sm-cobalt permanent magnets;
the use of La and Ce for NiMH batteries that are utilized in hybrid and electric
vehicles;
the use of Eu, Tb, Y and Ce in the production of compact fluorescent and LED
light bulbs;
the use of high-strength NdFeB magnets in the miniaturization of electronic
products;
the use of La in FCCs by refineries processing lower quality crude oil that
consumes greater quantities of the catalysts;
the increased use of REEs in the drive to improve energy efficiency and reduce
greenhouse gases, or GHGs, by the United States and the European Union;
China consolidating its REE industry and closing small, inefficient and polluting
REE producers;
the stockpiling of certain REE products, tightening control of export volumes
through licensing and increases in production taxes by China;
the use of Ce in glass, ceramics, glass polishing, and advanced water filtration
applications;
the continued research and commercialization of new applications for REE products;
and
the rising costs in China due to stricter environmental controls and rising
wages.
Supply and demand factors for REE products that could negatively impact REE
prices include the following, among other factors:
the potential for oversupply of certain REEs due to new production outside of
China and/or increased exports from China;
strong demand for selected REEs like magnet materials, driving overproduction
of other co-product REEs and creating oversupply conditions for the less desired
REEs;
the potential substitution of other materials for high-priced REEs;
economization by intermediate and end-users to reduce their usage of REEs in
end-products;
the potential for increased recycling of high-priced REEs;
continued low oil, gas and coal prices that could reduce the demand for technologies
using REEs;
static or lower global economic growth, reducing overall demand growth for REEs;
and
potential by-product production of REEs that may increase supply irrespective
of the normal economics of REE production.
The feasibility of the Bear Lodge REE Project and our ability to raise additional
funds to develop the Project may be impacted by global supply and demand and
future prices of REEs.
Sources:
Ree Automotive Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Ree Automotive Ltd’s corporate clients.
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