Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 37

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 37
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 by safety incidents involving drive-by-wire products, even if the incidents do not involve our specific SDV technology. We cannot be sure that drive-by-wire will achieve market acceptance on a timeline that is consistent with our expectations or development and production plans. Market acceptance of our drive-by-wire also depends on the ability of market participants to resolve technical challenges for increasingly complex drive-by-wire technology in a timely and cost-effective manner. Consumers will also need to be made aware of the advantages of our drive-by-wire, such as the advantages of our offerings compared to competing technologies, including current vehicle control methods. If consumer acceptance of drive-by-wire technology does not increase, our business, results of operations, and financial condition would be adversely affected and our business would likely fail.

We operate in an industry that is new and rapidly evolving, and our estimates are subject to significant uncertainty.

We are pursuing opportunities in markets that are undergoing rapid changes, including technological and regulatory changes, and it is difficult to predict the timing and size of the opportunities. For example, SDV technology and drive-by-wire require complex technology and are subject to uncertainties with respect to, among other things, the rate of consumer acceptance and the impact of current or future regulations. Because these systems depend on inputs from many companies, commercialization of our SDV products could be delayed or impaired on account of certain technological components of our or others not being ready to be deployed in vehicles. Regulatory, safety or reliability developments, many of which are outside of our control, could also cause delays or otherwise impair commercial adoption of these new technologies, which will adversely affect our growth. While we have achieved FMVSS certification on our P7-C vehicle, we cannot provide any guarantee that such certification could be extended to vehicles incorporating our drive-by-wire product.

We expect to make certain estimates and forecasts concerning our industry and of our current and anticipated future products based on industry publications and reports or other publicly available information as well as our internal estimates and expectations. These estimates and forecasts will involve a number of assumptions and limitations, and are subject to significant uncertainty, and you are cautioned not to give them undue weight as they may be incorrect or flawed in assumptions. Industry surveys and publications generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy and completeness of the included information. We do not expect to independently verify such third-party sources. Similarly, we expect that any internal estimates and forecasts would be based on a variety of assumptions