{"url_path":"/sec/ree/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1843588/0001628280-26-035308-index.html","accession_number":"0001628280-26-035308","cik":"0001843588","ticker":"REE","issuer_name":"REE Automotive Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1843588/0001628280-26-035308-index.html","primary_entity_key":"0001843588","primary_entity_name":"REE Automotive Ltd."},"word_count":2722,"has_tables":true,"body_markdown":"ree-20251231\n00018435882025FYFALSEhttp://fasb.org/us-gaap/2025#ConvertibleLongTermNotesPayablehttp://fasb.org/us-gaap/2025#ConvertibleLongTermNotesPayablehttp://fasb.org/us-gaap/2025#NonoperatingIncomeExpensehttp://fasb.org/us-gaap/2025#FairValueAdjustmentOfWarrantshttp://fasb.org/us-gaap/2025#NonoperatingIncomeExpensehttp://fasb.org/us-gaap/2025#FairValueAdjustmentOfWarrantshttp://fasb.org/us-gaap/2025#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2025#SellingGeneralAndAdministrativeExpensehttp://fasb.org/us-gaap/2025#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2025#SellingGeneralAndAdministrativeExpense11xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesree:voteree:offeringiso4217:GBPxbrli:pureree:segmentree:yeariso4217:ILS00018435882025-01-012025-12-310001843588dei:BusinessContactMember2025-01-012025-12-310001843588us-gaap:CommonClassAMember2025-12-310001843588us-gaap:CommonClassBMember2025-12-3100018435882025-12-3100018435882024-12-310001843588us-gaap:CommonClassAMember2024-12-310001843588us-gaap:CommonClassBMember2024-12-3100018435882024-01-012024-12-3100018435882023-01-012023-12-310001843588us-gaap:CommonClassAMember2025-01-012025-12-310001843588us-gaap:CommonClassAMember2024-01-012024-12-310001843588us-gaap:CommonClassAMember2023-01-012023-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2022-12-310001843588us-gaap:CommonClassBMemberus-gaap:CommonStockMember2022-12-310001843588us-gaap:AdditionalPaidInCapitalMember2022-12-310001843588us-gaap:RetainedEarningsMember2022-12-3100018435882022-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2023-01-012023-12-310001843588us-gaap:AdditionalPaidInCapitalMember2023-01-012023-12-310001843588us-gaap:RetainedEarningsMember2023-01-012023-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2023-12-310001843588us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-12-310001843588us-gaap:AdditionalPaidInCapitalMember2023-12-310001843588us-gaap:RetainedEarningsMember2023-12-3100018435882023-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-01-012024-12-310001843588us-gaap:AdditionalPaidInCapitalMember2024-01-012024-12-310001843588us-gaap:RetainedEarningsMember2024-01-012024-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001843588us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-12-310001843588us-gaap:AdditionalPaidInCapitalMember2024-12-310001843588us-gaap:RetainedEarningsMember2024-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-01-012025-12-310001843588us-gaap:AdditionalPaidInCapitalMember2025-01-012025-12-310001843588us-gaap:RetainedEarningsMember2025-01-012025-12-310001843588us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-12-310001843588us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-12-310001843588us-gaap:AdditionalPaidInCapitalMember2025-12-310001843588us-gaap:RetainedEarningsMember2025-12-310001843588us-gaap:CommonClassBMember2021-07-230001843588us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-03-012025-03-310001843588ree:ReductionInForcePlanMember2025-01-012025-12-310001843588srt:MinimumMemberree:ComputerEquipmentAndSoftwareMember2025-12-310001843588srt:MaximumMemberree:ComputerEquipmentAndSoftwareMember2025-12-310001843588us-gaap:FurnitureAndFixturesMember2025-12-310001843588srt:MinimumMemberus-gaap:MachineryAndEquipmentMember2025-12-310001843588srt:MaximumMemberus-gaap:MachineryAndEquipmentMember2025-12-310001843588us-gaap:VehiclesMember2025-12-310001843588ree:DemonstrationVehiclesMember2025-12-310001843588ree:AdvancedPropulsionCentreMember2021-08-190001843588ree:UKGovernmentMember2021-08-1900018435882021-08-190001843588ree:AdvancedPropulsionCentreMember2025-01-012025-12-310001843588ree:AdvancedPropulsionCentreMember2024-01-012024-12-310001843588ree:AdvancedPropulsionCentreMember2023-01-012023-12-310001843588country:US2025-01-012025-12-310001843588country:US2024-01-012024-12-310001843588country:US2023-01-012023-12-310001843588us-gaap:ForeignPlanMember2023-01-012023-12-310001843588us-gaap:ForeignPlanMember2025-01-012025-12-310001843588us-gaap:ForeignPlanMember2024-01-012024-12-310001843588ree:REEPlatformPrototypesMember2023-01-012023-12-310001843588ree:REEPlatformPrototypesMember2024-01-012024-12-310001843588ree:SoftwareDefinedVehiclePrototypeMember2025-01-012025-12-310001843588ree:SoftwareDefinedVehiclePrototypeMember2024-01-012024-12-310001843588ree:SoftwareDefinedVehiclePrototypeMember2023-01-012023-12-310001843588ree:ComputerEquipmentAndSoftwareMember2025-12-310001843588ree:ComputerEquipmentAndSoftwareMember2024-12-310001843588us-gaap:FurnitureAndFixturesMember2024-12-310001843588us-gaap:MachineryAndEquipmentMember2025-12-310001843588us-gaap:MachineryAndEquipmentMember2024-12-310001843588us-gaap:VehiclesMember2024-12-310001843588ree:DemonstrationVehiclesMember2024-12-310001843588us-gaap:LeaseholdImprovementsMember2025-12-310001843588us-gaap:LeaseholdImprovementsMember2024-12-310001843588us-gaap:ConstructionInProgressMember2025-12-310001843588us-gaap:ConstructionInProgressMember2024-12-310001843588us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2023-08-140001843588us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2023-08-142023-08-140001843588us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-11-300001843588us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-01-012025-12-310001843588us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-01-012024-12-310001843588ree:IsraelInnovationAuthorityMemberus-gaap:RoyaltyMember2025-12-310001843588ree:IsraelUnitedStatesBinationalIndustrialResearchAndDevelopmentFoundationMemberus-gaap:RoyaltyMember2025-12-310001843588ree:OSRGroupMemberree:MonetaryDamagesMember2022-12-162022-12-160001843588ree:OSRGroupMemberree:ExemplaryDamagesMember2022-12-162022-12-160001843588ree:OSRGroupMember2024-01-012024-12-310001843588ree:OSRGroupMember2025-01-012025-12-310001843588us-gaap:CommonClassAMember2023-10-182023-10-180001843588us-gaap:CommonClassBMember2023-10-182023-10-1800018435882023-10-182023-10-180001843588us-gaap:CommonClassAMemberree:AtTheMarketOfferingMember2023-07-142023-07-140001843588us-gaap:CommonClassAMemberree:AtTheMarketOfferingMember2025-01-012025-12-310001843588us-gaap:CommonClassAMemberree:AtTheMarketOfferingMember2024-01-012024-12-310001843588us-gaap:CommonClassAMemberree:UnderwrittenPublicOfferingMember2024-03-012024-03-010001843588us-gaap:CommonClassAMemberree:UnderwrittenPublicOfferingMember2024-03-010001843588us-gaap:CommonClassAMemberus-gaap:OverAllotmentOptionMember2024-03-012024-03-010001843588us-gaap:CommonClassAMemberus-gaap:OverAllotmentOptionMember2024-03-042024-03-040001843588us-gaap:CommonClassAMemberree:UnderwrittenPublicOfferingAndOverAllotmentOptionMember2024-03-052024-03-050001843588us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2024-09-152024-09-150001843588us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2024-09-150001843588us-gaap:PrivatePlacementMember2024-09-150001843588us-gaap:PrivatePlacementMemberus-gaap:WarrantMember2024-09-150001843588us-gaap:CommonClassAMember2024-12-232024-12-230001843588us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-09-300001843588ree:REEAutomotiveLtd.2021ShareIncentivePlanMemberus-gaap:CommonClassAMember2025-12-310001843588ree:REEAutomotiveLtd.2021ShareIncentivePlanMemberus-gaap:EmployeeStockOptionMember2025-01-012025-12-310001843588us-gaap:RestrictedStockUnitsRSUMember2024-12-310001843588us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-12-310001843588us-gaap:RestrictedStockUnitsRSUMember2025-12-310001843588us-gaap:RestrictedStockUnitsRSUMember2024-01-012024-12-310001843588us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-12-310001843588us-gaap:ResearchAndDevelopmentExpenseMember2025-01-012025-12-310001843588us-gaap:ResearchAndDevelopmentExpenseMember2024-01-012024-12-310001843588us-gaap:ResearchAndDevelopmentExpenseMember2023-01-012023-12-310001843588us-gaap:SellingGeneralAndAdministrativeExpensesMember2025-01-012025-12-310001843588us-gaap:SellingGeneralAndAdministrativeExpensesMember2024-01-012024-12-310001843588us-gaap:SellingGeneralAndAdministrativeExpensesMember2023-01-012023-12-310001843588us-gaap:EmployeeStockOptionMember2025-01-012025-12-310001843588country:GB2025-01-012025-12-310001843588country:US2025-01-012025-12-310001843588us-gaap:ForeignTaxJurisdictionOtherMember2025-01-012025-12-310001843588ree:REEAutomotiveUKLimitedMember2025-12-310001843588ree:REEAutomotiveUSAInc.Member2025-12-310001843588ree:REEAutomotiveJapanKKMember2025-12-310001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2023-11-270001843588ree:SecuritiesPurchaseAgreementMemberus-gaap:CommonClassAMember2023-11-270001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2023-12-060001843588ree:SecuritiesPurchaseAgreementMemberus-gaap:CommonClassAMember2023-12-060001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2023-11-272023-11-270001843588ree:ConvertiblePromissoryNotesMembersrt:MinimumMemberus-gaap:ConvertibleDebtMember2023-11-270001843588ree:ConvertiblePromissoryNotesMembersrt:MinimumMemberus-gaap:ConvertibleDebtMember2023-12-060001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2024-12-232024-12-230001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2024-12-230001843588ree:SecuritiesPurchaseAgreementMemberus-gaap:CommonClassAMember2023-12-030001843588ree:SecuritiesPurchaseAgreementMemberus-gaap:CommonClassAMember2023-12-200001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2025-12-310001843588ree:ConvertiblePromissoryNotesMemberus-gaap:ConvertibleDebtMember2024-12-310001843588ree:PrivateWarrantsMember2021-07-220001843588ree:PublicWarrantsMember2021-07-2200018435882021-07-220001843588ree:PublicWarrantsMember2022-09-300001843588us-gaap:CommonClassAMember2022-09-3000018435882022-09-220001843588us-gaap:CommonClassAMember2022-09-022022-09-0200018435882022-09-230001843588us-gaap:CommonClassAMember2022-10-112022-10-110001843588ree:SecuritiesPurchaseAgreementMember2025-12-310001843588us-gaap:PrivatePlacementMember2025-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001843588us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputSharePriceMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputSharePriceMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExercisePriceMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExercisePriceMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExercisePriceMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExercisePriceMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExpectedTermMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExpectedTermMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputPriceVolatilityMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputPriceVolatilityMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputPriceVolatilityMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputPriceVolatilityMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedDividendRateMember2025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedDividendRateMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputSharePriceMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputSharePriceMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExercisePriceMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExercisePriceMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExercisePriceMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExercisePriceMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExpectedTermMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputExpectedTermMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputPriceVolatilityMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputPriceVolatilityMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputPriceVolatilityMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputPriceVolatilityMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedDividendRateMember2025-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedDividendRateMember2024-12-310001843588us-gaap:FairValueInputsLevel3Member2024-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-12-310001843588us-gaap:FairValueInputsLevel3Member2025-12-310001843588us-gaap:FairValueInputsLevel3Member2023-12-310001843588us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-12-310001843588us-gaap:FairValueInputsLevel3Member2024-01-012024-12-310001843588ree:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-12-310001843588ree:ReportableSegmentMember2025-01-012025-12-310001843588ree:ReportableSegmentMember2024-01-012024-12-310001843588ree:ReportableSegmentMember2023-01-012023-12-310001843588country:DE2025-01-012025-12-310001843588country:DE2024-01-012024-12-310001843588country:DE2023-01-012023-12-310001843588country:JP2025-01-012025-12-310001843588country:JP2024-01-012024-12-310001843588country:JP2023-01-012023-12-310001843588country:FR2025-01-012025-12-310001843588country:FR2024-01-012024-12-310001843588country:FR2023-01-012023-12-310001843588country:US2025-01-012025-12-310001843588country:US2024-01-012024-12-310001843588country:US2023-01-012023-12-310001843588country:ILus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2025-01-012025-12-310001843588country:ILus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2024-01-012024-12-310001843588country:GBus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2025-01-012025-12-310001843588country:GBus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2024-01-012024-12-310001843588country:USus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2025-01-012025-12-310001843588country:USus-gaap:GeographicConcentrationRiskMemberree:LongLivedAssetsBenchmarkMember2024-01-012024-12-310001843588ree:JointOwnershipCompanyVehicleAgreementMembersrt:ChiefExecutiveOfficerMember2022-01-012022-12-310001843588ree:JointOwnershipCompanyVehicleAgreementMember2025-10-012025-10-310001843588ree:SamvardhanaMothersonInternationalLimitedSupplyChainManagementServicesAgreementMember2024-09-012024-09-300001843588ree:SamvardhanaMothersonInternationalLimitedSupplyChainManagementServicesAgreementMember2025-01-012025-12-310001843588us-gaap:RelatedPartyMember2025-01-012025-12-310001843588us-gaap:RelatedPartyMember2024-01-012024-12-310001843588us-gaap:RelatedPartyMember2023-01-012023-12-310001843588us-gaap:RelatedPartyMember2025-12-310001843588us-gaap:RelatedPartyMember2024-12-310001843588ree:ReductionInForcePlanMemberus-gaap:SubsequentEventMember2026-01-012026-01-310001843588us-gaap:SubsequentEventMember2026-03-012026-03-310001843588us-gaap:SubsequentEventMember2026-04-270001843588srt:MinimumMemberus-gaap:SubsequentEventMember2026-04-272026-04-270001843588srt:MaximumMemberus-gaap:SubsequentEventMember2026-04-272026-04-27\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, D.C. 20549\n\nFORM 20-F\n\n(Mark One)\n\no REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nOR\n\nx ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the fiscal year ended December 31, 2025\n\nOR\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nOR\n\n☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nCommission file number 001-40649\n\nREE Automotive Ltd.\n\n(Exact name of registrant as specified in its charter)\n\nNot Applicable\n\n(Translation of Registrant’s name into English)\n\nIsrael\n\n(Jurisdiction of incorporation or organization)\n\nKibbutz Glil-Yam 4690500, Israel\n\n(Address of principal executive offices)\n\nDaniel Barel, Chief Executive Officer\n\nREE Automotive Ltd.\n\nKibbutz Glil-Yam 4690500, Israel\n\nTel: +972 (77) 899-5193\n\ninvestors@ree.auto\n\n(Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass A Ordinary Shares, without par value\nREE\nThe Nasdaq Stock Market LLC\n\nSecurities registered or to be registered pursuant to Section 12(g) of the Act:\n\nNone\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nSecurities for which there is a reporting obligation pursuant to Section 15(d) of the Act:\n\nNone\n\nIndicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.\n\nAs of December 31, 2025, the registrant had 28,743,914 Class A Ordinary Shares, without par value, outstanding and 2,780,570 Class B Ordinary Shares, without par value, outstanding.\n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.\n\nYes o No x\n\nIf this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.\n\nYes o No x\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n\nYes x No o\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\nYes x No o\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\no\nAccelerated filer\no\nNon-accelerated filer\nx\n\nEmerging growth company\nx\n\nIf an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.\n\no\n\n†The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.\n\nIndicate by check mark whether the registrant has filed a report on an attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7762(b)) by the registered public accounting firm that prepared or issued its audit report. o\n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). ☐\n\nIndicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:\n\nU.S. GAAP\nx\nInternational Financial Reporting Standards\no\nOther\no\n\nissued by the International Accounting Standards Board\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nIf “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.\n\no Item 17 o Item 18\n\nIf this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nYes o No x\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nTABLE OF CONTENTS\n\nPage\n\n[PART I](#ib754f8dbfd9a410ebea6292869b01926_16)\n\n[Item 1.](#ib754f8dbfd9a410ebea6292869b01926_19)\n\n[Identity of Directors, Senior Management and Advisers](#ib754f8dbfd9a410ebea6292869b01926_19)\n\n[8](#ib754f8dbfd9a410ebea6292869b01926_19)\n\n[Item 2.](#ib754f8dbfd9a410ebea6292869b01926_22)\n\n[Offer](#ib754f8dbfd9a410ebea6292869b01926_22)[Statistics and Expected Timetable](#ib754f8dbfd9a410ebea6292869b01926_22)\n\n[8](#ib754f8dbfd9a410ebea6292869b01926_22)\n\n[Item 3.](#ib754f8dbfd9a410ebea6292869b01926_25)\n\n[Key Information](#ib754f8dbfd9a410ebea6292869b01926_25)\n\n[8](#ib754f8dbfd9a410ebea6292869b01926_25)\n\n[Item 4.](#ib754f8dbfd9a410ebea6292869b01926_40)\n\n[Information on the Company](#ib754f8dbfd9a410ebea6292869b01926_40)\n\n[57](#ib754f8dbfd9a410ebea6292869b01926_40)\n\n[Item 4A.](#ib754f8dbfd9a410ebea6292869b01926_55)\n\n[Unresolved Staff Comments](#ib754f8dbfd9a410ebea6292869b01926_55)\n\n[76](#ib754f8dbfd9a410ebea6292869b01926_55)\n\n[Item 5.](#ib754f8dbfd9a410ebea6292869b01926_58)\n\n[Operating and Financial Review and Prospects](#ib754f8dbfd9a410ebea6292869b01926_58)\n\n[77](#ib754f8dbfd9a410ebea6292869b01926_58)\n\n[Item 6.](#ib754f8dbfd9a410ebea6292869b01926_76)\n\n[Directors, Senior Management and Employees](#ib754f8dbfd9a410ebea6292869b01926_76)\n\n[95](#ib754f8dbfd9a410ebea6292869b01926_76)\n\n[Item 7.](#ib754f8dbfd9a410ebea6292869b01926_97)\n\n[Major Shareholders and Related Party Transactions](#ib754f8dbfd9a410ebea6292869b01926_97)\n\n[114](#ib754f8dbfd9a410ebea6292869b01926_97)\n\n[Item 8.](#ib754f8dbfd9a410ebea6292869b01926_109)\n\n[Financial Information](#ib754f8dbfd9a410ebea6292869b01926_109)\n\n[120](#ib754f8dbfd9a410ebea6292869b01926_109)\n\n[Item 9.](#ib754f8dbfd9a410ebea6292869b01926_118)\n\n[The Offer and Listing](#ib754f8dbfd9a410ebea6292869b01926_118)\n\n[122](#ib754f8dbfd9a410ebea6292869b01926_118)\n\n[Item 10.](#ib754f8dbfd9a410ebea6292869b01926_139)\n\n[Additional Information](#ib754f8dbfd9a410ebea6292869b01926_139)\n\n[123](#ib754f8dbfd9a410ebea6292869b01926_139)\n\n[Item 11.](#ib754f8dbfd9a410ebea6292869b01926_172)\n\n[Quantitative and Qualitative Disclosures About Market](#ib754f8dbfd9a410ebea6292869b01926_172) Risk\n\n[140](#ib754f8dbfd9a410ebea6292869b01926_172)\n\n[Item 12.](#ib754f8dbfd9a410ebea6292869b01926_175)\n\n[Description of Securities Other than Equity Securities](#ib754f8dbfd9a410ebea6292869b01926_175)\n\n[141](#ib754f8dbfd9a410ebea6292869b01926_175)\n\n[PART II](#ib754f8dbfd9a410ebea6292869b01926_178)\n\n[142](#ib754f8dbfd9a410ebea6292869b01926_178)\n\n[Item 13.](#ib754f8dbfd9a410ebea6292869b01926_181)\n\n[Defaults, Dividend Arrearages and Delinquencies](#ib754f8dbfd9a410ebea6292869b01926_181)\n\n[142](#ib754f8dbfd9a410ebea6292869b01926_181)\n\n[Item 14.](#ib754f8dbfd9a410ebea6292869b01926_184)\n\n[Material Modifications to the Rights of Security Holders and Use of Proceeds](#ib754f8dbfd9a410ebea6292869b01926_184)\n\n[142](#ib754f8dbfd9a410ebea6292869b01926_184)\n\n[Item 15.](#ib754f8dbfd9a410ebea6292869b01926_187)\n\n[Controls and Procedures](#ib754f8dbfd9a410ebea6292869b01926_187)\n\n[143](#ib754f8dbfd9a410ebea6292869b01926_187)\n\n[Item 16.](#ib754f8dbfd9a410ebea6292869b01926_190)\n\n[[Reserved]](#ib754f8dbfd9a410ebea6292869b01926_190)\n\n[143](#ib754f8dbfd9a410ebea6292869b01926_190)\n\n[Item 16A.](#ib754f8dbfd9a410ebea6292869b01926_193)\n\n[Audit committee financial expert](#ib754f8dbfd9a410ebea6292869b01926_193)\n\n[143](#ib754f8dbfd9a410ebea6292869b01926_193)\n\n[Item 16B.](#ib754f8dbfd9a410ebea6292869b01926_196)\n\n[Code of Ethics](#ib754f8dbfd9a410ebea6292869b01926_196)\n\n[144](#ib754f8dbfd9a410ebea6292869b01926_196)\n\n[Item 16C.](#ib754f8dbfd9a410ebea6292869b01926_199)\n\n[Principal Accountant Fees and Services](#ib754f8dbfd9a410ebea6292869b01926_199)\n\n[144](#ib754f8dbfd9a410ebea6292869b01926_199)\n\n[Item 16D.](#ib754f8dbfd9a410ebea6292869b01926_202)\n\n[Exemptions from the Listing Standards for Audit Committees](#ib754f8dbfd9a410ebea6292869b01926_202)\n\n[145](#ib754f8dbfd9a410ebea6292869b01926_202)\n\n[Item 16E.](#ib754f8dbfd9a410ebea6292869b01926_205)\n\n[Purchases of Equity Securities by the Issuer and Affiliated Purchasers.](#ib754f8dbfd9a410ebea6292869b01926_205)\n\n[145](#ib754f8dbfd9a410ebea6292869b01926_205)\n\n[Item 16F.](#ib754f8dbfd9a410ebea6292869b01926_208)\n\n[Change in Registrant’s Certifying Accountant](#ib754f8dbfd9a410ebea6292869b01926_208)\n\n[145](#ib754f8dbfd9a410ebea6292869b01926_208)\n\n[Item 16G.](#ib754f8dbfd9a410ebea6292869b01926_211)\n\n[Corporate Governance](#ib754f8dbfd9a410ebea6292869b01926_211)\n\n[145](#ib754f8dbfd9a410ebea6292869b01926_211)\n\n[Item 16H.](#ib754f8dbfd9a410ebea6292869b01926_214)\n\n[Mine Safety Disclosure](#ib754f8dbfd9a410ebea6292869b01926_214)\n\n[146](#ib754f8dbfd9a410ebea6292869b01926_214)\n\n[Item 16I.](#ib754f8dbfd9a410ebea6292869b01926_217)\n\n[Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](#ib754f8dbfd9a410ebea6292869b01926_217)\n\n[146](#ib754f8dbfd9a410ebea6292869b01926_217)\n\n[Item 16J.](#ib754f8dbfd9a410ebea6292869b01926_220)\n\nInsider Trading Policy\n\n[146](#ib754f8dbfd9a410ebea6292869b01926_217)\n\n[Item 16K.](#ib754f8dbfd9a410ebea6292869b01926_223)\n\n[Cybersecurity](#ib754f8dbfd9a410ebea6292869b01926_223)\n\n[146](#ib754f8dbfd9a410ebea6292869b01926_217)\n\n[PART III](#ib754f8dbfd9a410ebea6292869b01926_226)\n\n[149](#ib754f8dbfd9a410ebea6292869b01926_226)\n\n[Item 17.](#ib754f8dbfd9a410ebea6292869b01926_229)\n\n[Financial Statements](#ib754f8dbfd9a410ebea6292869b01926_229)\n\n[149](#ib754f8dbfd9a410ebea6292869b01926_229)\n\n[Item 18.](#ib754f8dbfd9a410ebea6292869b01926_241)\n\n[Financial Statements](#ib754f8dbfd9a410ebea6292869b01926_241)\n\n[149](#ib754f8dbfd9a410ebea6292869b01926_229)\n\n[Item 19.](#ib754f8dbfd9a410ebea6292869b01926_235)\n\n[Exhibits](#ib754f8dbfd9a410ebea6292869b01926_235)\n\n[150](#ib754f8dbfd9a410ebea6292869b01926_235)\n\nABOUT THIS ANNUAL REPORT\n\nIn this annual report on Form 20-F for the year ended December 31, 2025, or this Annual Report, the terms “REE,” “we,” “us,” “our” and “the company” refer to REE Automotive Ltd. and its subsidiaries.\n\nAll references in this Annual Report to “Israeli currency” and “NIS” refer to New Israeli Shekels, the terms “dollar,” “USD,” “US$,” or “$” refer to U.S. dollars and the term “British Pounds Sterling, “Great Britain Pound”, or “GBP”, or “£”, refer to the form of currency in the United Kingdom, or the UK.\n\nNo material on our website forms any part of this Annual Report. References in this Annual Report to documents on our website are included as an aid to the location of such documents and such documents are not incorporated by reference.\n\n4\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS\n\nThis Annual Report and the documents incorporated by reference herein include certain forward-looking statements within the meaning of Section 27A of the United States, or U.S., Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, or the Exchange Act. 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. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “expect,” “foresee,” “intends,” “may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “estimate”, “seek,” “should,” “would,” “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 Annual Report may include, among other things, statements about REE’s strategic and business plans, technology, relationships, objectives and expectations for REE’s business, the impact of trends on and interest in our business, intellectual property or product and its future results, operations and financial performance and condition.\n\nThese forward-looking statements are based on information available as of the date of this Annual Report and current expectations, forecasts and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve a number of known and unknown risks, uncertainties, assumptions, judgments and other factors, including the risks described below in the section titled “Item 3.D. Risk Factors” and elsewhere in this Annual Report, 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 Annual Report 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. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, and it is not possible for us to predict all risk factors nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in, or implied by, any forward-looking statements.\n\nSome factors that could cause actual results to differ include:\n\n•REE’s ability to raise sufficient capital to finance its commercialization, operations, and business;\n\n•REE’s ability to continue as a going concern if we are unable to generate sufficient revenues and/or raise additional capital, including through discussions with existing REE shareholders, which could prevent it from obtaining new financing on reasonable terms or at all;\n\n•REE’s inability to repay its Convertible Notes (defined below), including upon a repayment notice in connection with a change of control, due to insufficient cash flow from its business or to settle conversions of such Convertible Notes in cash;\n\n•REE’s ability to identify or develop and to consummate any strategic alternative transaction; uncertainties inherent in the strategic review process and whether we can achieve the potential benefits of any strategic alternative;\n\n•REE’s ability to execute and successfully commercialize its current business plan; risks related to REE’s pause in production of its vehicles;\n\n•REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners;\n\n•REE’s ability to transition its products into marketable products and services;\n\n•REE’s ability to grow and scale production capacity through relationships with Tier 1 suppliers;\n\n•Uncertainty regarding REE’s estimated sales, expenses and profitability and underlying assumptions; REE’s ability to generate revenue through royalty payments from a customer;\n\n5\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\n•Risks relating to REE’s significant shareholders having substantial influence over REE;\n\n•REE’s limited operating history and business model not being proven;\n\n•Risks associated with REE’s supply chain;\n\n•Risks associated with plans for REE’s initial commercial production and follow-on sales, including as a result of the impact from tariffs and REE’s determination to delay production;\n\n•REE’s dependence on suppliers, some of which are single or limited source;\n\n•Development of the market for software-defined vehicles, or SDV, including with respect to the market for electric vehicles, or EVs, including risks relating to consumer acceptance of SDV technology;\n\n•Demand relating to its SDV platform from OEMs, technology companies, autonomous companies, fleets, and other businesses;\n\n•Risks relating to the lack of a guarantee that OEMs will purchase our SDV products in any certain quantity or price even after a proof of concept, design win, and/or a prototype design collaboration;\n\n•Risk relating to significant delays between the time we achieve a design win until we may be able to realize revenue from the vehicle model;\n\n•Risks related to REE’s customer’s ability to either withdraw from the Definitive Agreement (defined below) with REE and/or meet certain agreement conditions in order to commence its project with REE;\n\n•REE and its suppliers, service providers, and strategic partners risks associated with cybersecurity, data security breach, failure of information security systems and privacy concerns;\n\n•Future sales of our securities by us and/or by existing material shareholders could cause the market price for our Class A Ordinary Shares (defined below) to decline;\n\n•Potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists (including ongoing attacks by the Houthis in the Red Sea);\n\n•REE’s operations in an industry that is new and rapidly evolving, and its use of estimates that are subject to significant uncertainty;\n\n•Intense competition in the e-mobility space, including with competitors who have significantly more resources;\n\n•Risks related to the fact that REE is incorporated in Israel and governed by Israeli law;\n\n•REE’s ability to make continued investments in its business and technology;\n\n•Global macroeconomic and geopolitical risks, including inflation, interest rates, policy uncertainty (such as changes under the Trump Administration in the U.S, including with respect to tariffs and trade policy) and political unrest in Israel and ongoing armed conflict and regional instability in Israel and other parts of the Middle East, including in connection with the ongoing hostilities involving Israel and regional actors, which have resulted and may continue to result in disruptions to our operations, including due to employee absences related to military reserve duty, limitations on travel, and interruptions to business continuity;\n\n•Adverse conditions in the automotive industry and adverse global conditions, including macroeconomic, protectionist trade policies and tariffs, geopolitical uncertainty, and other events;\n\n•Fluctuations in interest rates, rising global inflation (including in connection with tariffs and trade wars), and foreign exchange rates;\n\n•The need to retain a highly-skilled technical workforce, including engineers and other highly qualified employees to further its goals, and in particular following reductions-in-force;\n\n•Changes in laws and regulations that impact REE;\n\n6\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\n•Risks related to product liability claims, legal and regulatory proceedings, commercial or contractual disputes, or lawsuits alleging infringement or misappropriation of intellectual property rights;\n\n•REE’s ability to enforce, protect and maintain intellectual property rights and to defend itself from claims that it infringed on third party intellectual property rights; and\n\n•Other risks and uncertainties set forth in the section “Item 3.D. Risk Factors” in this Annual Report.\n\nMARKET AND INDUSTRY DATA\n\nThis Annual Report includes market and industry data and forecasts that we have derived from publicly available information, various industry publications, other published industry sources and internal data and estimates. Industry publications and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. Internal data and estimates are based upon information obtained from trade and business organizations and other contacts in the markets in which we operate and our management’s understanding of industry conditions. Any estimates underlying such market-derived information and other factors could cause actual results to differ materially from those expressed in the independent parties’ estimates and in our estimates.\n\nTRADEMARKS, TRADE NAMES AND SERVICE MARKS\n\nThis Annual Report contains references to trademarks, trade names and service marks belonging to other entities. Solely for convenience, trademarks, trade names and service marks referred to in this Annual Report may appear without the ® or TM symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies’ trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies.\n\n7\n\n[Table of Contents](#ib754f8dbfd9a410ebea6292869b01926_7)\n\nPart I"}