REE Automotive Signs MOU for Software-Defined Technology with One of The Leading Technology Companies, Paving the Way Toward Multi-Year, Large-Volume Autonomous Vehicles Framework Agreement
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REE Automotive has signed a non-binding MOU with a leading tech company to be the exclusive provider of software-defined vehicle technology. The collaboration aims to deliver thousands of autonomous vehicles by 2030, with production starting in 2027 and potential revenue of $770 million by 2030.
March 18, 2025 | 12:15 pm
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REE Automotive has entered into a MOU with a leading tech company to provide software-defined vehicle technology, aiming for significant revenue and production of autonomous vehicles by 2030.
The MOU positions REE as a key player in the autonomous vehicle market, with a significant revenue target and production timeline. This is likely to positively impact REE's stock in the short term as it indicates future growth and market expansion.
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