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REE Automotive Names Authorized Dealers for The United States
Pritchard EV, Tom's Truck Center, Industrial Power & Truck Equipment (IPT) and New England Truck Solutions (NETS) are welcoming orders and are scheduled to be
About this update from Ree Automotive Ltd.
[{"type":"text","content":"Pritchard EV, Tom's Truck Center, Industrial Power & Truck Equipment (IPT) and New England Truck Solutions (NETS) are welcoming orders and are scheduled to be the first dealers to receive Powered by REE electric vehicles later this yearREE selected Mitsubishi HC Capital America to provide financing to North American REE dealers, incumbent and future. In addition, Mitsubishi HC Capital America will continue to support REE’s interest in growing and developing their channel partnerships.Company expects to announce new dealers joining REE's North American network to accelerate the EV adoption of their fleet customers in the coming monthsThe P7 platform and Proxima Powered by REE built in partnership with Morgan Olson and EAVX a subsidiary of JB Poindexter & Co (JBPCO), will be showcased at NTEA Work Truck Week March 8-10 in Indianapolis in REE's booth #1843 INDIANAPOLIS, March 09, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today 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.REE will offer training to authorized dealers to certify technicians to provide service on Powered by REE vehicles. 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 today also announced that Industrial Power & Truck Equipment (IPT) and New England Truck Solutions (NETS) are new dealers for the US market. REE has entered into an agreement with Mitsubishi 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. “By helping companies reach their environmental, social, and governance (ESG) goals, we have a chance to make a positive impact on the world around us and it happens through...