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Penske Truck Leasing to Offer REE Automotive’s P7-C EV Trucks to its Customers

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REE Automotive Ltd., an automotive technology company specializing in full by-wire electric trucks and platforms, has announced today

REE Automotive Ltd., an automotive technology company specializing in full by-wire electric trucks and platforms, has announced today that Penske Truck Leasing, a prominent global transportation services provider, will start offering Powered by REE EVs to its customers looking to electrify their fleets for demonstrations and orders. This move adds to the momentum of REE’s existing $50 million order book value.

“We are looking forward to adding REE’s by-wire vehicle to our electric truck lineup and giving our fleet customers the opportunity to demo the vehicle and experience the technology firsthand,” said Paul Rosa, Senior Vice President of Procurement & Fleet Planning at Penske.

Paul Rosa and Daniel Barel, co-founder and CEO of REE, will hold a joint press conference to expand on the collaboration on May 22, 2024, at ACT Expo in REE’s booth #3723 at 12:45 p.m. PT.

Penske’s customers will have the opportunity to experience the intended benefits of the world’s first U.S. Federal Motor Vehicle Safety Standards (FMVSS) certified, software-driven, electric vehicle powered by REEcorner® full by-wire technology including:

  • Superior maneuverability and all-wheel drive functionality
  • Enhanced safety with fail operational design via redundancies in hardware and software
  • Driver-centric cabin with excellent ergonomics and low chassis height
  • REEcorners designed for serviceability for low total cost of ownership (TCO)
  • Strong residual values
  • Future-proofed, autonomous-ready and over-the-air (OTA) upgrade capable
  • Modular design and quick time to market
  • Optimal energy efficiency

“Today’s announcement is a testament to the synergy between REE’s revolutionary technology and Penske’s commitment to leading in the transportation and logistics industry,” said Daniel Barel, CEO and co-founder of REE Automotive. “This is the fruit of a long collaboration and incorporation of Penske’s voice of the customer. We are currently working on additional P7-C configurations to maximize utilization within Penske’s large product offering. By partnering with Wabash for this upfit, we believe that we were able to provide a superior product to Penske, meeting their requirements as well as expanding our roster of upfitters that can seamlessly integrate with REE’s platforms.”

REE collaborated with Wabash (NYSE: WNC) to upfit the P7-C with a custom DuraPlate® truck body utilizing the unique low floor, all-wheel steer all-wheel drive full by wire P7-C characteristics. Wabash’s DuraPlate technology’s lightweight properties enhance the feasibility of electric chassis for fleets while maintaining durability. Vehicles Powered by REE are upfit ready and designed to offer considerable benefits for body installations, including:

  • No Drill: Integrated mounting weld nuts so that bodies can be secured directly to frame rails
  • Battery Maintenance: Accessible from under the chassis
  • Flat Floor with integrated ramp: Structural advantages and weight savings by reducing the need for additional body mounting kits, and independent suspension to reduce body stresses. The ramp takes advantage of the low floor box configuration.
  • Electrical Integration: Plug and play chassis harnesses for aftermarket electrical and ADAS systems
  • Driver Assistance Systems: Seamless integration of third-party systems; camera images can be viewed directly on infotainment screen

To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto.

SOURCE: REE Automotive

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