Ree announces cost reduction measures to sustain long-term growth

Initiated cost reduction measures targeting a 55% decrease in operating costs to a projected average of approximately $2.7 million per month by year-end related to pause in production and an approximately 50% reduction-in-force the company aims to extend its financial runway beyond 12 months ree's new organizational structure is designed to allow a more streamlined operation with stronger focus on licensing its sdv technology aimed to enhance long-term stability tel aviv, israel, june 09, 2025 (globe newswire) -- ree automotive ltd. (nasdaq: ree), an automotive technology company that develops software-defined vehicle (sdv) technology solutions, today announced that it has implemented cost reductions across its business to streamline its cost structure and extend its expected financial runway.
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