Production of P7 electric truck line-up to begin Q4 2024 at Roush’s facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks.Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit. Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.Customers have begun securing production slots. TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWS ...

REE Automotive Ltd. (REE) shares soared 11% in the last trading session to close at $6.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.1% gain over the past four weeks.REE’s shares are rising after it inked a deal with a major supplier to the automotive industry. Recently, REE Automotive entered into a strategic agreement with Motherson Group. Per the agreement, Motherson will manage supply chain operations and assist REE ...

REE Automotive Ltd. (REE) , a commercial EV developer and manufacturer, and Motherson Group, a manufacturer of automotive components, have announced a strategic agreement. Under this contract, Motherson will handle the sourcing and supply chain management for production parts and assist REE in assembling REEcorner and REE P7 electric trucks, the first fully by-wire, software-driven medium-duty electric trucks, on the market. Additionally, Motherson will nominate a director to join REE’s board.In conjunction ...

Motherson is a global engineering and manufacturing specialist and one of the world’s leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries.Combining Motherson’s manufacturing expertise and supply chain might with REE’s market-leading software-defined EV product line-up promises to create a dominant new force in the electrified commercial vehicle market globally, allowing REE to provide ...

Volt Carbon Technologies Commences Exploration at Mount Copeland REE (Rare Earth Elements) Property and Updates its July 22 News Release on Flow-Through FinancingJuly 30, 2024 11:29 AM EDT | Source: Volt Carbon TechnologiesCalgary, Alberta--(Newsfile Corp. - July 30, 2024) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company") is pleased to announce the initiation of its 2024 exploration program on the Mount Copeland Molybdenum (Moly) and Rare Earth Element ...

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or "the Company") is pleased to announce, further to its news release dated March 11, 2024, that it has completed the acquisition ("Acquisition") of the Hecla-Kilmer ("H/K") Rare-Earth Elements ("REE") and Niobium project in northwestern Ontario from VR Resources Ltd. (VRR"). In consideration for the Acquisition, the Company has paid to VRR $1,000,000 in cash, and issued ...

财务数据和关键指标变化 - 公司Q1 2024年GAAP净亏损缩窄29%至2520万美元,同比下降12% [25] - 公司Q1 2024年非GAAP净亏损下降33%至2170万美元,同比下降10% [25] - 公司Q1 2024年自由现金流亏损继续下降6% [25] 各条业务线数据和关键指标变化 - 公司在Q1开始向客户交付全球首款全线控制、软件驱动的认证中型卡车 [11] - 公司的P7-C车型成为首款获得美国FMVSS认证的全线控制卡车,可获得高达10万美元的车辆补贴 [13] 各个市场数据和关键指标变化 - 公司与Penske Truck Leasing和U-Haul等大型车队运营商开展合作,开始向其客户提供电动卡车 [12] - 公司与多家汽车制造商就将REEcorner技术整合到其电动车产品中进行洽谈 [17][18] 公司战略和发展方向及行业竞争 - 公司采取"完成而非竞争"的市场策略,通过三种方式为客户提供电动化解决方案 [19] - 公司被空客选中开发和验证全自动驾驶系统,进军自动驾驶车辆市场 [20][21] 管理层对经营环境和未来前景的评论 - 公司认为大部分艰难工作已经完成,可以实现成本价格平价和EBITDA收支平衡 [21][22] - 公司相信REEcorner技术将使其在商用车电动化领域处于有利地位 [26] 其他重要信息 - 公司Q1末现金及等价物为7750万美元,包括1500万美元长期信贷额度 [24] - 公司计划于2024年底前在美国投产,并在2025年进一步扩产 [22][23] 问答环节重要的提问和回答 问题1 **Craig Irwin 提问** 公司是否计划向多个车队交付车辆,还是集中向少数几个大客户交付? [29][30] **Daniel Barel 回答** 公司将根据生产计划和订单情况向所有有需求的客户交付,包括Penske、U-Haul等大型车队 [31][32] 问题2 **Michael Shlisky 提问** 公司是否需要针对U-Haul等客户对车辆进行特殊改造,以提高易用性? [43][44] **Daniel Barel 回答** 公司的车辆设计非常适合新手驾驶,无需进行特殊改造 [45] 问题3 **Jeff Osborne 提问** 公司与新OEM合作是否仅限于商用车领域,还是涉及其他领域? [56][57] **Daniel Barel 回答** 公司主要集中于商用车领域,但也有向乘用车和重型车领域拓展的兴趣和讨论 [57][58]

REE Automotive Ltd. (REE) came out with a quarterly loss of $1.96 per share versus the Zacks Consensus Estimate of a loss of $1.81. This compares to loss of $2.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.29%. A quarter ago, it was expected that this company would post a loss of $2.32 per share when it actually produced a loss of $3.11, delivering a surprise of -34.05%. Over the last four quarters, the company has no ...

Exhibit 99.1 REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus ● Penske Truck Leasing begins to of er Powered by REE Electric Vehicles to its customers ● U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the electrification of its fleet ● Airbus and REE collaborate on an autonomous program utilizing REE's P7-C full by-wire and autonomous-ready technology, which opens REE ...

Penske Truck Leasing begins to offer Powered by REE® Electric Vehicles to its customers U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the electrification of its fleet Airbus and REE collaborate on an autonomous program utilizing REE's P7-C full by-wire and autonomous-ready technology, which opens REE to new autonomous driving markets Demo program underway, with a growing number of trucks already delivered and an increasing number of fleets that contin ...