REE Automotive up on starting trials for new EV platform
05/01/2022 15:16
** Shares of automotive technology co REE.O rose 5% to
$7.07, set to gain for a fifth straight session
** REE says it is starting trials of its all-new electric
vehicle platform, P7, designed for commercial delivery vehicles
and walk-in vans urn:newsml:reuters.com:*:nPnbgFKw5a
** Co says the platform was designed based on specifications
from one of the world's largest delivery cos
** First prototypes will be available for customer
evaluation in Q1 2022 - REE
** Stock had gained ~6% last year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))