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Electric truck from REE Automotive Ltd. sitting on a showroom floor.

Penske Truck Leasing Welcomes New Addition to its Electric Truck Fleet from REE Automotive

Penske Truck Leasing is adding its first electric truck from REE Automotive Ltd., an automotive technology company and provider of full by-wire electric trucks and platforms. Penske intends to employ the software-driven P7-C EV to interested customers.

“We are looking forward to adding REE’s by-wire vehicle to our electric truck lineup and giving our fleet customers the opportunity to demo the vehicle and experience the technology firsthand,” said Paul Rosa, Penske senior vice president of procurement and fleet planning.

Rosa and Daniel Barel, co-founder and CEO of REE, will hold a joint press conference today at the Advanced Clean Transportation (ACT) Expo in Las Vegas.

Penske’s customers will have the opportunity to experience the intended benefits of the world’s first FMVSS certified, software-driven, electric vehicle powered by REEcorner full by-wire technology including:

  • Superior maneuverability and all-wheel drive functionality
  • Enhanced safety with fail operational design via redundancies in hardware and software
  • Driver-centric cabin with excellent ergonomics and low chassis height
  • REEcorners designed for serviceability for low total cost of ownership (TCO)
  • Strong residual values
  • Future-proofed, autonomous-ready and over-the-air (OTA) upgrade capable
  • Modular design and quick time to market
  • Optimal energy efficiency

“Today’s announcement is a testament to the synergy between REE's revolutionary technology and Penske's commitment to leading in the transportation and logistics industry,” explained Barel.

REE collaborated with Wabash to upfit the P7-C with a custom DuraPlate truck body utilizing the unique low floor, all-wheel steer all-wheel drive full by wire P7-C characteristics. Wabash's DuraPlate technology is lightweight and durable, making it a good fit for fleets looking to upfit an electric chassis.

By “Move Ahead” Staff