Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 85

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 85
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Item 5. Operating and Financial Review and Prospects

The following discussion and analysis should be read in conjunction with the section titled “ Key Components of Statements of Operations” of this Annual Report and our consolidated financial statements and the related notes contained elsewhere in this Annual Report. This discussion and analysis may contain forward-looking statements based upon current expectations that involve risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth in “ Item 3. D. Risk Factors” of this Annual Report.

A. Operating results.

The information contained in this section should be read in conjunction with our audited financial statements for the years ended December 31, 2024 and 2023 and related notes and the information contained elsewhere in this Annual Report. This discussion contains forward-looking statements based upon current expectations that involve risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Forward-Looking Statements", “ Risk Factors” and in other parts of this Annual Report on Form 20-F. Our financial statements have been prepared in accordance with the generally accepted accounting principles in the U. S., or U. S. GAAP.

For a discussion of our consolidated statements of operations for the years ended December 31, 2023 and 2022 and our cash flows for the years then ended, see the section “ Operating and Financial Review and Prospects” in our annual report on Form 20-F (File No. 001-40649), as filed with the SEC onMarch 27, 2024.

Table of C ontents

Company Overview

We are an automobile technology company that develops and produces cutting edge software-defined vehicle technology that manages vehicle operations and features through proprietarily-developed software, enabling what we believe to be safer, more modular, and better performing vehicles. Our advanced SDV technology utilizes zonal architecture to enhance redundancy and stability and it contains the capabilities for updates and improvements over-the-air throughout an SDV’s lifespan. This makes Powered by REE® vehicles highly adaptable to customer and market changes.

Reliant upon our patent-protected SDV technology, our full by-wire P7 electric commercial truck is certified under U. S. Federal Motor Vehicle Safety Standards, or FMVSS. Powered by REE vehicles demonstrate our commitment to offer what we believe to be intelligent, flexible, and scalable mobility solutions while shortening and streamlining the processes,