REE SPAC Presentation Deck

Industry Disruptor Positioned For Long-Term and Sustainable Growth REE will be the cornerstone for future electric vehicles BNEF pioneers 2020 FASTOMPANY MOST 2020 M INNO ATIV ▶2020 Honoree AUTONOMOUS //AVT ACES F 2020 AWARD WINNER EUROPEAN PRODUCT DESIGN AWARD RBE Confidential and Proprietary Information (1) (2) (3) FINALIST TU-Automotive AWARDS Based on F&S forecast, total global EV market See slide: Strong and Diverse Customer Pipeline See slide: REE's Strategic Integration Center Planx Scalable and modular corner technology for broad range of EV and AD vehicles Massive and rapidly growing TAM 3.1MM units today, projected to grow to 13.1MM in 2025 and 34.7MM in 2030¹ - - Unique horizontal approach and rapid platform development cycle Developing 5 functional platform classes for multi-segment coverage, from Class 1 to Class 6 vehicles Power agnostic (BEV & FCEV) - Groundbreaking and proprietary technology (REEcorner) 60+ patents across design, component engineering & software Strong pipeline from leading automotive, logistics and technology companies² Over $19.1Bn cumulative revenue opportunity by 2026 from OEMs, logistics and technology companies Capex light and flexible manufacturing approach Supported by global automotive Tier 1 network >30% gross margins Start of Production (SOP) 2023 CY³ Compelling growth, margins, and cash flow profile with significant upside potential - - Strong leadership team - Proven execution track record Diverse talent pool combining automotive and tech Team locations: US, Israel, Germany and the UK 17

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