REE Automotive : 2024 Company Overview

THE FUTURE OF E- MOBILITY POWERED BY REE

March 2024

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Disclaimer

About REE Automotive

REE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to certify a fully by-wire vehicle in the U.S, REE's proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry's flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low TCO, and drastically reduce the time to market for fleets looking to electrify.

No Representations and Warranties

This presentation is for informational purposes only and does not purport to contain all of the information that may be required to evaluate a possible investment decision with respect to REE. The recipient agrees and acknowledges that this presentation is not intended to form the basis of any investment decision by the recipient and does not constitute investment, tax or legal advice. No representation or warranty, express or implied, is or will be given by REE, or any of its affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other written, oral or other communications transmitted or otherwise made available to any party in the course of its evaluation of a possible transaction with and/or investment in REE and no responsibility or liability whatsoever is accepted for the accuracy or

sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. The recipient also acknowledges and agrees that the information contained in this presentation is preliminary in nature and is subject to change, and any such changes may be material. REE disclaims any duty to update the information contained in this presentation unless required by law.

Industry and Market Data

In this presentation, REE relies on and refers to publicly available information and statistics regarding market participants in the sectors in which REE competes and other industry data. Any comparison of REE to the industry or to any of its competitors is based on this publicly available information and statistics and such comparisons assume the reliability of the information available to REE. REE obtained this information and statistics from third-party sources, including reports by market research firms and company filings. While REE believes such third-party information is reliable, there can be no

assurance as to the accuracy or completeness of the indicated information. REE has not independently verified the information provided by the third-party sources.

Caution About Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team's expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward looking statements when it discusses the expected timing of customer deliveries, its expected number of vehicle sales, and expected sales volume in dollars, within a three year period, the potential total addressable market for its products, the lower cost of ownership using its REEcornerTM technology, the belief that the strong, growing demand for its product is driven by its innovative technology, product offering and maturity, combined with different state and federal incentives around electrification, and increased availability of charging infrastructure, the expectation regarding the receipt of certifications by government agencies, the benefits and efficiencies of its vehicles as compared to its competitors, its expected go to market strategy via dealerships, the expected breakeven of BoM cost in the production of hundreds of vehicles and breakeven EBITDA in the production of low thousands of vehicles, its goal of starting production by the fourth quarter of 2024 by its U.S. contract manufacturer, its intended ramp up of production in 2025 and 2026, yielding 6,000 vehicles by the end of 2026, without heavy CAPEX investment. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "aim" "anticipate," "appear," "approximate," "believe," "continue," "could," "estimate," "expect," "foresee," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "would", "designed," "target" and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE's strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE's expectation for growth, and its future results, operations and financial performance and condition.

These forward-looking statements are based on REE's current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE's control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward - looking statement made in this communication may not occur.

Uncertainties and risk factors that could affect REE's future performance and could cause actual results to differ include, but are not limited to: REE's ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain re gulatory approval, produce and market its P7 lineup; REE's ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE's advanced prototypes into marketable products; REE's ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE's estimates of unit sales, expenses and profitability and underlying assumptions; REE's reliance on its UK Engineering Center of Excellence for the design, valid ation, verification, testing and homologation of its products; REE's limited operating history; risks associated with building o ut of REE's supply chain; risks associated with plans for REE's initial commercial production; REE's dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq's minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and

instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE's ability to make continued investments in its platform; the impact of the COVID-19 pandemic, interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE's ability to enforce, protect and maintain intellectual property rights; REE's ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE's annual report filed with the U.S. Securities and Exchange Commission (the "SEC") on March 28, 2023 and in subsequent filings with the SEC.

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REE's Vision

Unbound by legacy thinking, we created the world's first certified software-driven full- by-wire electric vehicles. We aim to expedite and solidify the electrification of commercial trucks through a white-label approach - trucks

Powered by REE®

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Investment Highlights

Innovative Technology will Lower EV Truck Costs

Patented REEcorner® advantages: lower cost of manufacturing & fleet ownership, superior maneuverability & vehicle safety and improved efficiency

World's First Fully By-Wire Vehicle Certification

Achieved U.S. Federal Motor Vehicle Safety Standards and Environmental Protection Agency certifications, based on years of testing and collaboration with leading 3rd party lab - Horiba Mira

Sizeable Addressable Market

Target U.S. class 3 to 5 medium-duty trucks, a 200,000 annual vehicle market. Federal and State incentives cover up to 70% of vehicle price

Robust Dealer and Partner Network

17 authorized dealers in the U.S. & Canada; collaborations with market-leading body upfitters including Knapheide and Morgan Truck

Growing Order Book: Aligned with Production Roadmap

Initial orderbook of ~300 trucks valued ~$43 million**; production target of 6,000 trucks and $1 billion in sales, cumulatively, over the next 3 years. Initial U.S. deliveries in progress

UK Automated REEcorner® Integration Center - Capex Light Approach

Technology enables scalability; leverage U.S. truck manufacturers for assembly.

Cash and cash equivalents as of Dec 31, 2023

$86 million in cash & cash equivalents and short-term investments* as of December 31, 2023

* Includes $15M Bank facility

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World's 1st

U.S. certified fully by-wire truck

$86M*		58 registered
Cash and cash		118 pending
	Patents
equivalents as of
Dec 31, 2023		worldwide

$43M	17
Initial	Authorized
Dealers
orderbook	In N.A. Sales &
value**	Service Network

6,000 Trucks

Cumulative target production 2024 -2026 equating to 3% of TAM

• *The Company's order book is determined by management based on purchase orders received by the Company. The number of P7 units included in the order book as of November 30, includes 297 P7 units under firm orders (i.e. binding orders) and the remainder of units ordered that are binding orders with certain additional conditions as set forth in the order. The dollar value of the order book is determined based on the pricing of each unit included in the order book. The Company's presentation of the order book should not be construed as a representation by the Company that the units included in its order book will translate into actual sales or revenue.

OUR

PRODUCT

World's first U.S. certified full by-wire commercial electric

vehicle

P7 uses identical REEcorners® to target class 3 to 5 medium-duty commercial vehicles

Customer deliveries have begun

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OUR

TECHNOLOGY

REEcorner® is a full-by-wiresystem

which enables for software driven vehicles that allow higher safety, improved total cost of ownership (TCO) and deep analytical data

Portfolio of 176 Patents, registered and pending globally

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REEcorner® and full X-by-wire

REEcorner®

• Integrates steering, braking, suspension, powertrain and control into a single module
• Each corner is independent with redundancies for enhanced fail-operational design
• Smart preventative maintenance

REE's Proprietary X-by-wire System Provides Full Steer, Brake and drive-by-wire control

• All corner operations are coordinated by a central ECU (electronic control unit)
• Autonomous driving ready
• Replaces traditional mechanical & hydraulic systems including braking, throttle, and steering
• Enables efficient vehicle assembly
• Expands cabin space, windshield, and cargo volume with low 24" load floor height

24 in

610 mm

Platform height.

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Handsfree
Multi-Port
Connector	REEcorner® ECU

Coil-over Dampers

Braking

Actuator

Steering	Electronic
Actuator	Parking Brake

3-in-1 Electric

Drive Unit

IP Portfolio Includes 176* patents, 50% related to REE's Proprietary X-by-wire systems

REEplatform

• Flat chassis
• Control system and electrification

REEplatform+REEcorner®

• Corner + subsystem redundancies
• Functional synergies between REEcorners®
• Energy efficiency & performance
• Modularity

REEcorner®

• Suspension systems and height adjustment
• High performance compact suspension
• Extended steering per volume
• In-cornerbrake system
• Compact powertrain and drivetrain
• Mechanical and electrical interfaces
• Operational performance
• Fast corner swap for servicing
• Smart Service & Maintenance

Propriety Information

* 176 Registered and pending patents: 58 Registered, 118 pending.

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3 Major Advantages - for the fleet owner

REEcorner® & X-by-wire offer major advantages to cost, safety and efficiency

TOTAL COST OF OWNERSHIP

• Quick REEcorner® swaps improves fleet uptime
• Smart Preventative Maintenance ("PM")+ OTA updates
• Future-proofedfor improved residuals

SAFETY

• Superior maneuverability for congested areas
• Low cab for maximum pedestrian visibility
• Fail-operationaldesign for safe vehicle operation

EFFICIENCY

• Energy efficiencies from 4-corner regenerative braking and an aerodynamic underbody
• Low flat floor for easier deliveries
• 1 less step into the cab for the driver

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