REE SPAC Presentation Deck

Production Roadmap Key Events Engineering Design Production Intent Pilot Manufacturing Purchasing Proof of concept Design Validation Alpha Verification Beta Verification Pilot Capability Build Units RBE 2020 Q1 Q2 Vendor approval & RFQ Q3 Validation & Verification Completed Confidential and Proprietary Information Q4 2021 In progress Q1 Q2 Q3 1st Engineering Center Established - UK Q4 EC Lead 2022 Q1 First IC Established U.S. Vendor Networks Validated Safe Launch factory and process template Samples Build 1 EC Lead Q2 Product & systems engineering center driving customer program management & delivery Verify Q3 LFS Q4 2nd IC Established Germany 2023 OTOP Q1 Q2 Serial production supply and network optimization Rampi Q3 3rd IC Established Japan globally 15k units Q4 2024 Q1 4rt IC Established TBD Q2 Q3 Ramping Globally 110k units (1) Timing and locations represent management expectation and are subject to change. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results Q4 31

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