Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1

Rhea-AI Summary

Carbon Revolution plc (Nasdaq: CREV) has announced it will supply carbon fiber wheels for the newly revealed Chevrolet Corvette ZR1. This marks the third Corvette model to feature the company's innovative wheels. The carbon fiber wheels are 42.8 lbs (19.4kg) lighter than the aluminum alternative, significantly reducing the vehicle's rotating, unsprung mass. Carbon Revolution's team utilized their Diamond Weave Technology™ and developed a unique internal fiber architecture to meet GM's high standards for strength, weight, and durability. The rear wheels, at 21 inches tall and 13 inches wide, are among the world's widest carbon fiber wheels. This collaboration follows Carbon Revolution's recent wins at the 2024 Automotive News Pace Awards, including a PACE Partner Award for their work with GM on the C8 Corvette Z06 and E-Ray wheels.

Positive

• Secured supply deal for carbon fiber wheels on the new Chevrolet Corvette ZR1
• Third Corvette model to feature Carbon Revolution's wheels, indicating strong relationship with GM
• Carbon fiber wheels reduce vehicle's rotating, unsprung mass by 42.8 lbs (19.4kg)
• Developed unique internal fiber architecture and Diamond Weave Technology™ to meet GM's high standards
• Produced world's widest carbon fiber wheels for rear application
• Won 2024 Automotive News Pace Awards, including PACE Partner Award for collaboration with GM

Negative

• None.

Insights

Automotive Industry Analyst

The announcement of Carbon Revolution supplying carbon fiber wheels for the Chevrolet Corvette ZR1 is moderately impactful for the company and potential investors. This development showcases Carbon Revolution's continued partnership with General Motors and its position as a leading supplier in the high-performance automotive sector.

Key points to consider:

• This marks the third Corvette model to feature Carbon Revolution's wheels, indicating a strong, ongoing relationship with GM.
• The carbon fiber wheels offer a significant weight reduction of 42.8 lbs (19.4kg) across the vehicle, which is important for performance improvements.
• The company's ability to meet GM's high standards for weight, durability, strength and aesthetics demonstrates its technological prowess and adaptability.
• The rear wheels, at 21 inches tall and 13 inches wide, are touted as the world's widest carbon fiber wheels, showcasing Carbon Revolution's capability to push boundaries in wheel design.

While this news is positive for Carbon Revolution, it's important to note that the financial impact is not explicitly stated. The company's recent wins at the 2024 Automotive News Pace Awards, including a PACE Partner Award for collaboration with GM, add credibility to their industry standing. However, without specific financial projections or order volumes, it's challenging to quantify the direct impact on the company's bottom line.

For investors, this development reinforces Carbon Revolution's position in the high-end automotive supply chain but should be considered alongside broader financial metrics and market trends in the automotive sector.

Manufacturing Technology Expert

Carbon Revolution's announcement regarding the Chevrolet Corvette ZR1 wheels highlights significant advancements in manufacturing technology for high-performance automotive components. The key technological aspects to note are:

• The implementation of a unique internal fiber architecture and Diamond Weave Technology™ to meet complex load requirements.
• The ability to produce a thin, split five-spoke design while maintaining high strength and low weight, demonstrating advanced composite engineering.
• Scalable production capabilities, with the wheel designed for manufacture on the company's Mega-line.

These innovations underscore Carbon Revolution's competitive edge in the carbon fiber wheel market. The company's ability to produce complex geometries with high load ratings for performance vehicles indicates a mature and advanced manufacturing process.

However, investors should consider the following:

• The scalability and cost-effectiveness of these manufacturing processes for broader market applications beyond high-end sports cars.
• Potential challenges in ramping up production to meet demand from major OEMs like GM.
• The long-term durability and performance of these wheels in real-world conditions, which could impact future contracts and reputation.

While the technological achievements are impressive, the financial viability and potential for market expansion beyond niche high-performance vehicles will be important factors for long-term success and investor interest.

General Motors Reveals Third Corvette Model To Feature Company’s Carbon Fiber Wheels

GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1.

“It has been a great honor to work with General Motors (GM) again. This will be the third Corvette to feature our carbon fiber wheels,” said Carbon Revolution CEO Jake Dingle. “Our team harnessed its extensive engineering and manufacturing experience to come up with a wheel befitting of the highest-performance Corvette we’ve ever seen.”

Carbon Revolution’s one-piece carbon fiber wheels are significantly lighter than the aluminum option, reducing the Corvette ZR1’s rotating, unsprung mass by 42.8 lbs. (19.4kg) across the vehicle. The outcome: carbon fiber wheel technology with the design flexibility and a unique aesthetic sought by GM for its new halo car.

Dingle said the wheel’s performance in testing highlighted the talent and experience of Carbon Revolution’s Product & Manufacturing Engineering teams in meeting GM’s weight, durability, strength and aesthetic standards.

“The thin, split-spoke design of our wheels for GM highlights what is possible with carbon fiber. When you compare to some of our earliest designs, coupled with the highest load rating yet for a performance car, you can see how much we have progressed with our world-leading technology. The final product is one that our team is very proud of that enhances the Corvette ZR1’s performance,” said Dingle.

Faced with complex load paths in the wheel’s hub geometry and around the bolted joint, the Carbon Revolution team developed a unique internal fiber architecture, which, together with Carbon Revolution's patent-pending Diamond Weave Technology™, were essential to meet GM’s high targets for strength, weight and durability in a thin, split five-spoke design.

The front wheels are 20 inches tall and 10 inches wide while the rear wheels are 21 inches tall and 13 inches wide. The rear wheels are the world’s widest carbon fiber wheels, alongside Carbon Revolution’s rear wheel for the eighth-generation Corvette Z06 and the E-Ray.

Carbon Revolution has designed the wheel for production at scale on the Company’s Mega-line.

Today’s news follows Carbon Revolution’s wins at the 2024 Automotive News Pace Awards, which recognize automotive suppliers for superior innovation, technological advancement, and business performance. These wins included a PACE Partner Award for Carbon Revolution’s collaboration with GM on its carbon fiber wheel for the C8 Corvette Z06 and E-Ray.

About Carbon Revolution plc

Carbon Revolution plc (Nasdaq: CREV) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world’s most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world.

For more information, visit carbonrev.com

For further information, please contact:

Investors
Investors@carbonrev.com

Media
Media@carbonrev.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8b07d4cc-7490-4d04-a0c5-405301221872
https://www.globenewswire.com/NewsRoom/AttachmentNg/7444181f-a3d1-4d5e-ab2f-27eea6b8318b

FAQ

What is the stock symbol for Carbon Revolution?

Carbon Revolution's stock symbol is CREV, traded on the Nasdaq.

How much weight reduction do Carbon Revolution's wheels provide for the Chevrolet Corvette ZR1?

Carbon Revolution's carbon fiber wheels reduce the Corvette ZR1's rotating, unsprung mass by 42.8 lbs. (19.4kg) across the vehicle compared to the aluminum option.

Which Chevrolet Corvette models feature Carbon Revolution's carbon fiber wheels?

Carbon Revolution's carbon fiber wheels are featured on three Corvette models: the new ZR1, the C8 Corvette Z06, and the E-Ray.

What technology does Carbon Revolution use in their carbon fiber wheels for the Corvette ZR1?

Carbon Revolution uses their patent-pending Diamond Weave Technology™ and a unique internal fiber architecture to meet GM's high targets for strength, weight, and durability in the Corvette ZR1 wheels.

What awards did Carbon Revolution win related to their work with General Motors in 2024?

Carbon Revolution won a PACE Partner Award at the 2024 Automotive News Pace Awards for their collaboration with GM on the carbon fiber wheel for the C8 Corvette Z06 and E-Ray.