REE

REE Automotive Ltd. (NASDAQ:REE) is an Israeli electric vehicle technology company founded in 2011 and headquartered in Herzliya, Israel. The company went public through a SPAC merger in January 2021. REE operates in the commercial electric vehicle space, developing revolutionary <b>by-wire</b> technology that integrates all traditional vehicle drive components into the wheel arch itself. The company is currently in the early commercialization phase, having achieved the first-ever FMVSS certification for a fully by-wire electric vehicle and begun delivering prototype vehicles to major fleet customers including U-Haul, Penske, and Airbus.