Ree Automotive A Aktie

REE Automotive has appointed Hicham Abdessamad as chairman of the supervisory board effective December 22, 2025. Abdessamad has been a member of the board since March 29, 2023, and succeeds Carlton Rose, who will remain a supervisory board member. Previously chairman and CEO of Hitachi America, he is to support REE during a strategically important phase; REE develops software-defined by-wire electric vehicle platforms. » Mere på de.investing.com

Nasdaq granted REE Automotive a further 180-day extension to restore the $1.00 minimum bid price. The stock is trading around $0.89; REE must attain a closing price of $1.00 or more for at least ten consecutive trading days during the extension. The company is considering measures such as a possible reverse stock split and stresses continuation of its strategy, while financials show a negative EBITDA of $75.95 million. » Mere på de.investing.com

REE Automotive scales back vehicle production and is betting on partnerships with OEMs to commercialize its software-defined vehicle technology. A letter of intent has been converted into a binding agreement to develop an autonomous shuttle that could generate up to $107 million within two years. Additional LOIs are in place with Mitsubishi Fuso and Cascadia Motion (BorgWarner) to integrate REE technology; at the same time the company is significantly reducing operating costs and targets monthly spending of about $1.8 million through Q1 2026. Financials: H1 GAAP loss $24.3 million, cash $54.7 million as of June 30, 2025 and $17.2 million as of November 30, 2025. » Mere på de.investing.com