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Ree Automotive names authorized dealers for U.S.
The Fly

Ree Automotive names authorized dealers for U.S.

REE Automotive (REE) announced the names of the first US dealers that will be offering Powered by REE EVs to end customers looking to electrify their commercial fleets, as part of REE’s go-to-market approach of signing authorized dealers. Initial deliveries to these dealers are slated to begin in Q4 2023. The dealers include the previously unnamed customers, Pritchard EV, a nationwide distributor and subsidiary of Pritchard Companies, and the Southern California-based dealer Tom’s Truck Center. The company also announced that Industrial Power & Truck Equipment and New England Truck Solutions are new dealers for the US market. REE has entered into an agreement with Mitsubishi (MUFG) HC Capital America to provide a customized finance solution for dealers within the REE network. This agreement is designed to streamline the process of obtaining financing for dealers looking to purchase REE Powered vehicles. Furthermore, Mitsubishi HC Capital America will leverage its existing relationships to help expand REE’s North American dealer network. "We’ve set 2023 as a year to strongly grow our market share in the US," said Daniel Barel, Co-Founder and CEO of REE Automotive. "As part of our go-to-market strategy and getting REE-powered vehicles into the hands of fleet owners, we recognize the importance of a dealer-fleet relationship especially around maintenance and support and are on our way to building out a nationwide network of authorized dealers with partners such as Pritchard EV, Tom’s Truck Center, Industrial Power & Truck Equipment and New England Truck Solutions which are staunchly committed to electrification and to providing their customers with the ultimate EV experience."

Published first on TheFly

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