LAS VEGAS, Jan. 5, 2022 /PRNewswire/ -- REE Automotive
Ltd. (NASDAQ: REE), today announced it is commencing trials of its
all-new P7 platform designed for commercial delivery vehicles and
walk-in vans. The P7 platform, targeted to a U.S. based delivery
van program, was designed based on functional and operational
specifications from one of the world's largest delivery companies.
Fully flat from end-to-end, P7 offers greatest interior space and
volumetric efficiency for vehicles in classes 3-5.
Supporting up to 8,800 lbs. max payload, the P7 platform
packs up to 35% more packages than comparable commercial vehicles
or the equivalent and can comfortably carry up to 30 passengers,
making it the optimal platform for target markets such as delivery
and logistic fleet owners, transit authorities, school buses and
mobility operators. REEcorner and X-by-Wire technology allows each
wheel to move independently for enhanced driving dynamics and
safety with all-wheel steer, drive and brake options.
The P7 modular platform is designed to radically simplify
development times of electric commercial models and is optimized
for fleet owners looking to create their own commercial vehicle
brand, unique design and market differentiation utilizing the REE
configuration and lowest TCO due to Battery-as-a-Service,
Data-as-a-Service and fast REEcorner swap. On the path to
production, last year REE nominated key suppliers American Axle
& Manufacturing (AAM) to supply high-performance electric drive
units and Brembo to co-develop and supply the braking
system.
Daniel Barel, REE Automotive
Co-Founder and CEO: "The P7 platform is paramount in commercial
vehicle design, safety and functionality. True to our vision of
providing complete modularity and versatility, this platform can be
configured in different sizes and optimized to suit a particular
application and use case. The P7 will utilize REE-Hitachi's Data
and Application as-a-service capabilities of injecting intelligence
and actionable insight info fleet operations and affording fleet
owners complete visibility over their operations allowing faster
time to market, lower total ownership costs and suite of lifecycle
services."
Core design commonalities in the innovative P7 architecture are
designed to provide significant development synergies for
additional future REEcorner models across vehicle classes. This
architecture approach affords both cost and timing benefits through
the development process, as well as further production efficiencies
from the resultant economies of scale.
Electric and autonomous vehicles built on top of REE's P7
platforms will be able to achieve driving ranges of up to 370 miles
with max speeds of 80 mph and supporting gross vehicle weight
ratings (GVWR) of up to 16,500 lbs.
REE's P7 platform offers unparalleled benefits in terms of
virtually unlimited design freedom to meet customers' exact
business needs, highest driving and range performance, enhanced
safety and stability and disruptive X-by-Wire technology that
affords fail-safe and independent wheel control.
P7 Platform Highlights
- Greatest interior space on smallest footprint due to end-to-end
fully-flat chassis & low floor design
- Higher volumetric efficiency yields higher operational
margins
- P7 provides minimal turning radiuses and enhanced driving
reliability and stability due to REEcorner™ X-by-Wire tech
- P7 platforms will support Data-as-a-Service – affording fleet
managers with complete visibility and actionable insights over
their fleet operations
- The platform shown is 7.6m in
length and 2.4m in width
P7 Platform Specifications:
Parameter
|
Specification
|
GVWR
|
10,000 lbs – 16,500
lbs (4.5 Tonnes – 7.5 Tonnes)
|
Drive
|
RWD, FWD or
AWD
|
Steer
|
FWS or AWS
|
Length
|
19.7 ft - 24.9 ft
(6.2 m - 7.6 m)
|
Width
|
5.2 ft - 7.9 ft (1.6
m - 2.4 m)
|
Height
|
6.6 ft to 9.8 ft (2.0
m - 3.0 m)
|
Battery
Capacity
|
Up to 120
kWh
|
Peak Motor
Power
|
Up to 100 kW x
4
|
Max
Speed
|
Up to 80 mph (130
kph)
|
Turning
Radius
|
Minimum 40.0 ft (12.2
m)
|
Max
Payload
|
Up to 8,800 lbs
(4,000 kg)
|
Load Floor
Height
|
Minimum 20 in (50.8
cm)
|
Cargo
Volume
|
Up to 1,400
ft3 (39.6 m3)
|
About REE Automotive
REE (Nasdaq: REE) is an
automotive technology leader whose mission is to empower companies
to build any size or shape of electric or autonomous vehicle – from
Class 1 through Class 6 – for any application and any target
market. REE aims to serve as the underpinning on top of which EVs
and AVs will be built and envisions a future where EVs and AVs will
be 'Powered by REE'.
REE's revolutionary technology – the REEcorner™ – packs critical
vehicle components (steering, braking, suspension, powertrain and
control) into a single compact module positioned between the
chassis and the wheel, enabling REE to build the industry's
flattest EV platforms with more room for passengers, cargo and
batteries. REE uses x-by-wire technology to control each of the
corners of the vehicles with full drive-by-wire, brake-by-wire and
steer-by-wire.
REE's EV platforms afford complete freedom of design, enabling
auto-manufacturers, OEMs, delivery & logistic fleets,
Mobility-as-a-Service providers and new mobility players to design
mission-specific EVs and AVs based on their exact business
requirements and significantly reduce their time-to-market, lower
TCO and meet zero-carbon regulations.
Headquartered in Herzliya, Israel, REE has an Engineering Center in the
UK, as well as subsidiaries worldwide including Japan and Germany, and plans to open its U.S.
headquarters and first Integration Center in Austin, Texas. REE's unique CapEx-light
manufacturing model leverages Tier-1 partners' existing production
lines; the company's extensive partner ecosystem encompasses
leading names including Hino Motors (truck arm of Toyota), Magna
International, JB Poindexter, Navya and American Axle &
Manufacturing to provide a full turnkey solution.
REE's patented technology, together with its unique value
proposition, position it to break new ground in e-Mobility. For
more information visit https://www.ree.auto.
Media
Caroline Hutcheson
Head of Communications, REE Automotive
+12523142028
media@ree.auto
Forward-Looking Statements
This press release includes
forward-looking statements. These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements may be identified by words
such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein.
Factors that could cause actual results to differ materially
include, but are not limited to: our limited operations and need to
expand in the near future to fulfill product orders; risks
associated with obtaining orders and executing upon such orders;
the ability to protect our intellectual property; the potential
lack of market acceptance of our products; potential competition;
our inability to retain key members of our management team; our
inability to raise additional capital to fund our operations and
business plan; our inability to satisfy covenants in our financing
agreements; our inability to maintain our listing of our securities
on the Nasdaq Capital Market; our inability to satisfy our customer
warranty claims; our ability to continue as a going concern; our
liquidity and other risks and uncertainties and other factors
discussed from time to time in our filings with the Securities and
Exchange Commission ("SEC"), including our annual report on Form
10-K filed with the SEC. REE expressly disclaims any obligation to
publicly update any forward-looking statements contained herein,
whether as a result of new information, future events or otherwise,
except as required by law.
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SOURCE REE Automotive