REE Automotive $VCVC
Newest SPAC Play: (Thread)

• EV technology company

• over $5 Billion in backlog orders

• assembly plants in 16 countries by 2026
- 600,000 units/yr capacity

- deals w/ many major manufacturers

- 60+ patents

Let's dig deeper,

1/ What They Do

REE basically makes the base platform which they can then sell to auto manufacturers
• from buses to robo-taxis to delivery vans
• from Tesla to Ford to Arrival

Total addressable market = $700B +

Essentially a pick and shovel play in the EV space

2/ Comparables

This chart will open your eyes
- their potential is massive!

• More products offered
• Larger addressable market
• Way more booked revenue
• More strategic partnerships
• Global company

Most of these were SPAC's as well.

A lot to like here!

3/ Financials

Expect $19B in 2026 revenue
- $5.1B of that is already signed MOUs

• High gross margin products

$VCVC has already developed core technology
• Most of cash will go towards expansion and building customer base
• Cash Flow positive by 2025

Potential is huge!

4/ Expansion

REE is an Israeli company

Perfectly spread out centers of operation
• Europe (Germany)
• Asia (Japan)
• N. America (U.S.)

Expansion calls for production capacity of 600,000 un/yr by 2026 w/ all centers fully operating

The next few years are crucial!

5/ Management

• Lots of automotive experience
- including EV focused Tesla and Arrival

• SPAC team has been early investors in lots of hot startups and SPACs
- DraftKings, Palantir, 23andMe, Wish

CEO Daniel Barel is an impressive EV entrepreneur

6/ Technology

I'm not an expert here but REE's tech is advanced and cost effective:

- 60+ patents
- motor connected to wheels
- autonomous ready
- data and cloud connected
- used for battery or fuel cell vehicles

*can create competitive moat around products

7/

Deal w/ Mahindra & Mahindra (Indian mfg) to produce 250,000+ EVs

Partnership w/ Iochpe-Maxion SA to mfg. and develop a wheel design & chassis tech

Linked to Mitsubishi Corp, American Axle & Manufacturing Holdings, KYB Corp, Musashi Seimitsu Industry Co. and NSK Ltd.

Final Thoughts

- I'm bullish on @ReeAutoOfficial

- EV tech is here and growing exponentially

- REE's backlog of orders, advanced tech, global partnerships, and ability to create a competitive moat are all positives

- They have a chance to be a top EV manufacturer

Thanks for taking the time to read this!

I think there will be several dip-buying opportunities over the next few days.

Once more people find out about REE Auto's potential I expect the price to rise in relation to their EV peers.

Follow for more DD threads

Thanks to @SpacGuru for bringing this to my attention.

I'll be releasing another DD Thread tomorrow on one of my favorite new SPACs ($FTOC Payoneer)