REE Automotive Kick-Off U.S. Production With Roush Industries As Contract Manufacturer; Production Of P7 Electric Truck Line-Up To Begin Q4 2024 At Roush's Facility In Detroit, Michigan, With Annual Capacity Of Up To 5,000 Trucks
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REE Automotive Ltd. has announced the start of U.S. production for its P7 electric truck line-up in partnership with Roush Industries. Production will begin in Q4 2024 at Roush's Detroit facility, with an annual capacity of up to 5,000 trucks. Motherson will manage the global supply chain and logistics. This move is expected to accelerate production, reduce costs, and improve cash flow.
September 23, 2024 | 1:30 pm
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REE Automotive is set to begin U.S. production of its P7 electric trucks in Q4 2024 with Roush Industries as the contract manufacturer. This strategic move is expected to enhance production speed, reduce costs, and improve cash flow, potentially boosting REE's market position.
The announcement of U.S. production for REE's P7 electric trucks with Roush Industries is a significant development. It indicates a strategic partnership that could lead to faster production and cost efficiencies, which are positive indicators for REE's short-term stock performance. The involvement of Motherson in managing logistics further supports the potential for improved unit economics.
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