REE Expands P7-C Product Offering With Knapheide Bodies And Upfit Solutions
Portfolio Pulse from Happy Mohamed
REE Automotive Ltd. (NASDAQ:REE) has partnered with Knapheide, a leading manufacturer of work truck bodies and truck beds, to create full electric vehicle solutions. Knapheide will upfit REE's P7-C chassis cabs to meet the requirements for fleet customers across all electric vehicle types ranging from Class 3-5. The partnership aims to reduce downtime and improve tailored electric fleets' time to market. The companies are now accepting orders from North American customers, with initial deliveries expected in 2024.
August 28, 2023 | 12:08 pm
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NEUTRAL IMPACT
REE Automotive's partnership with Knapheide to create full electric vehicle solutions could potentially boost its market position and revenues in the long term. However, the impact on the short term might be limited as initial deliveries are expected in 2024.
The partnership with Knapheide could potentially increase REE's market share and revenues in the long term by expanding its product offerings and reaching more customers. However, as the initial deliveries are not expected until 2024, the short-term impact on the stock price might be limited.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100