Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 5

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 5
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These forward-looking statements
speak only as of the date they are made, and REE undertakes no obligation to publicly update or revise any forward-looking statements
for any reason, whether as a result of new information, future events or otherwise, except as required by federal securities law.

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SUMMARY</div>

This summary highlights selected information contained elsewhere or incorporated by reference in this prospectus supplement and does not contain all the information that you need to consider in making your investment decision. You should carefully read this entire prospectus supplement and the accompanying prospectus, as well as the information incorporated by reference herein and therein, before deciding whether to invest in our securities.

Company Overview

REE is an automotive technology
company focused on building commercial electric vehicles controlled fully by wire, what REE calls X-by-Wire. Unbound by legacy thinking,
REE created the world’s first certified, software-driven, fully by-wire electric vehicle, built around its proprietary REEcorner™,
which packs critical vehicle components into a single compact module positioned between the chassis and the wheel.

The REEcorner,
the Company’s proprietary by-wire technology for drive, steer and brake control, enables X-by-Wire vehicle control and is designed
to allow for key benefits for building commercial electric trucks such as reduction in total cost of ownership, operational efficiency,
and many other benefits described below and in our 2023 Annual Report.

REE’s technology and
design, which is patent protected, make it possible for original equipment manufacturers, delivery and logistics fleets, dealers, e-commerce
retailers, Mobility-as-a-Service (“MaaS”) providers and others, to build any size or shape of electric vehicle. With the first
Federal Motor Safety Standards certified full by-wire electric vehicle, REE is currently focused primarily on the North American medium-duty
truck segment due to the large total addressable market, increased tax incentives for customers, and strong demand from fleets to electrify
their fleets.

REE is targeting delivery
and logistic fleets, dealers, e-commerce retailers, new mobility players, MaaS providers and autonomous drive companies. REE’s business
plan is geared to allow these companies to build entire fleets based on REEcorner technology and Powered by REE
platforms. REE aims to offer many customer benefits including reduction in TCO, lower maintenance and spare-part inventory management
costs, higher active and passive safety, improved vehicle efficiency, advanced driver-assistance systems compatibility.

By completing and not