REE announces further progress towards commercial production capabilities

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 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.”

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