Shares of REE Automotive Ltd - Class A (REE) are trading 9% higher at a price of $1.165 at the time of this writing. The stock's price action is quickly outpacing it's peers on what is quickly becoming a mildly gloomy day for the Consumer Discretionary sector.
- The climate bill should help the market grow for Ree's EV products.
- A quarterly update earlier this month showed that REE does have sufficient liquidity to continue its commercial efforts and launch a new chassis for electric delivery vehicles.
REE Automotive Ltd - Class A has been trading between a 52-week high of $7.49 and a 52-week low of $1.05. The stock has a market cap of $279 Million.
REE Automotive is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE's mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle - from class 1 through class 6 - for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform.