As part of REE’s go-to-market approach of signing authorized dealers, the initial deliveries are slated to begin in the fourth quarter of 2023.
REE will offer training to authorized dealers to certify technicians to provide service on Powered by REE vehicles.
The dealers include:
- Pritchard EV.
- Tom’s Truck Center.
- Industrial Power & Truck Equipment (IPT).
- New England Truck Solutions (NETS).
Customized Finance Solutions
REE also announced it entered into an agreement with Mitsubishi HC Capital America to provide a customized finance solution for dealers within the REE network.
This agreement is designed to streamline the process of obtaining financing for dealers looking to purchase REE Powered vehicles.
Furthermore, Mitsubishi HC Capital America will leverage its existing relationships to help expand REE’s North American dealer network.
“By helping companies reach their environmental, social, and governance (ESG) goals, we have a chance to make a positive impact on the world around us and it happens through partnerships like the one we have with REE”, Kirk Mann, Senior Vice President and General Manager of Transportation Finance at Mitsubishi HC Capital America.
“We’ve set 2023 as a year to strongly grow our market share in the US,” said Daniel Barel, Co-Founder and CEO of REE Automotive.
Electric vehicles Powered by REE built on the modular P7 platform enable a wide range of capabilities for class 3 to 5 vehicles including payload capacities of up to 8,000 pounds, up to 200 miles of range, and industry-leading low step-in height.
The vehicles integrate four REEcorners featuring REE’s x-by-wire technology, supporting all-wheel steer, all-wheel drive, adaptive regenerative braking, creep control, hill start assist, and torque vectoring.
REE had its P7 Platform on display at Work Truck Week 2022. For a full walkaround video, click here to watch.