Ree Automotive rises on manufacturing tie-up with Roush Industries
23/09/2024 15:13
** U.S.-listed shares of Israeli electric truck maker REE
Automotive REE.O rises 1.5% to $5.85
** Co announces that it has selected contract manufacturer
Roush Industries to assemble REE's P7 vehicles at Roush’s
facility in Detroit, Michigan
** The production of P7 electric truck line-up will begin in
Q4, with annual capacity of up to 5000 trucks
** Automotive parts supplier Motherson will manage global
supply chain and logistics for U.S. production
** REE stock up 12% this year
(Reporting by Priyanka.G in Bengaluru)
((priyanka.g@thomsonreuters.com;))