Carbon Revolution Supplies Carbon Fiber Wheels For Range Rover Sport SV Edition Two

Rhea-AI Summary

Carbon Revolution plc (Nasdaq: CREV), a leading manufacturer of lightweight carbon fiber wheels, announced its supply of 23-inch carbon fiber wheels for the new Range Rover Sport SV Edition Two. These wheels contribute to a 76kg total weight reduction, improving handling, acceleration, and ride quality. The carbon fiber wheel option has been popular since its debut on the Edition One, with demand described as 'off the chart'.

CEO Jake Dingle highlighted that as wheel diameters increase, the weight savings become more significant. The wheels, built on Carbon Revolution's Mega-line, feature the company's patent-pending Diamond Weave Technology™ and are available in Satin and Gloss finishes. This announcement follows Carbon Revolution's recent wins at the 2024 Automotive News Pace Awards.

Positive

• Supply agreement for 23-inch carbon fiber wheels on Range Rover Sport SV Edition Two
• Wheels contribute to 76kg (167.6 lbs) total vehicle weight reduction
• Improved vehicle performance: 0-60mph acceleration in 3.6 seconds
• High demand for carbon fiber wheels on previous Edition One model
• Recent wins at 2024 Automotive News Pace Awards

Negative

• None.

Insights

Automotive Technology Expert

The introduction of 23-inch carbon fiber wheels for the Range Rover Sport SV Edition Two marks a significant advancement in automotive engineering. These wheels contribute to a substantial 76kg weight reduction, which is important for high-performance SUVs. The 167.6 lbs saved translates to improved handling, acceleration and ride quality. This weight reduction, particularly in unsprung mass, can significantly enhance vehicle dynamics. The acceleration improvement to 0-60mph in 3.6 seconds is remarkable for a vehicle in this class, showcasing the tangible performance benefits of Carbon Revolution's technology.

The use of Carbon Revolution's patent-pending Diamond Weave Technology™ suggests ongoing innovation in carbon fiber manufacturing, potentially leading to stronger, lighter wheels. The availability in both Satin and Gloss finishes indicates a focus on aesthetics alongside performance, catering to luxury market demands. This development could pave the way for wider adoption of carbon fiber wheels in the automotive industry, particularly in the luxury and performance segments.

Market Research Analyst

Carbon Revolution's supply agreement for the Range Rover Sport SV Edition Two indicates strong market traction for their carbon fiber wheel technology. The reported "off the chart" demand for these wheels on the previous Edition One model suggests a growing consumer appetite for high-performance, lightweight components in luxury vehicles. This trend could signal a shift in the premium automotive market, where weight reduction and performance enhancements are becoming key differentiators.

The company's recent wins at the 2024 Automotive News Pace Awards further validate their technology and market position. As larger diameter wheels become more popular, Carbon Revolution's weight-saving benefits become more pronounced, potentially opening up new market segments. The successful implementation in a high-profile vehicle like the Range Rover Sport SV could lead to increased adoption across the automotive industry, potentially driving significant growth for Carbon Revolution in the coming years.

Pioneering 23‑inch Carbon Fiber Wheel Option Contributes To 76kg Total Weight Saving, Minimizing Unsprung Mass, Improving Handling, Acceleration And Ride Quality

Range Rover Sport SV Edition Two with Marl Grey Gloss exterior and Carbon Gloss 23-inch carbon fiber wheels. Source: JLR

GEELONG, Australia, Aug. 12, 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 Range Rover Sport SV Edition Two.

“It’s wonderful to see JLR extending its offering of our lightweight carbon fiber wheels, after the option was so popular on the Edition One,” said Carbon Revolution CEO Jake Dingle. “The pioneering 23-inch carbon fiber wheel option improves handling, acceleration and ride quality, increasing the Range Rover SV’s performance through the exceptional reduction in unsprung, rotating mass.”

The 23-inch single piece carbon fiber wheels contribute to a vehicle weight saving of 167.6 lbs. (76kg)¹ which JLR claims allows the Range Rover Sport SV to accelerate 0-60mph in as little as 3.6 seconds.

Dingle said the Company was pleased with how the wheels had been received in the past year, having debuted on the Range Rover Sport SV Edition One with demand subsequently quoted as being “off the chart”.

“As wheels get larger in diameter the weight saving we offer becomes more pronounced. It’s clear that consumers are really appreciating the benefits of saving this much weight,” Dingle said.

Built on the Company’s Mega-line, the carbon fiber wheels are available in a Satin and a Gloss finish, both of which feature Carbon Revolution’s patent-pending Diamond Weave Technology™.

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.

The Carbon Revolution carbon fiber wheel is significantly lighter than the equivalent aluminum wheel. Source: JLR

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

1. When fitted with all lightweight options. Compared with Range Rover Sport P530 in nearest equivalent specification.
   

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/0580ffbc-6eb9-4602-b938-608f81813c5e

https://www.globenewswire.com/NewsRoom/AttachmentNg/aecee60d-d76a-4096-a643-9bf25b214bb2

FAQ

What is the weight reduction achieved by Carbon Revolution's wheels on the Range Rover Sport SV Edition Two?

Carbon Revolution's 23-inch carbon fiber wheels contribute to a total vehicle weight reduction of 76kg (167.6 lbs) on the Range Rover Sport SV Edition Two.

How does the weight reduction from CREV's wheels affect the Range Rover Sport SV's performance?

The weight reduction allows the Range Rover Sport SV to accelerate from 0-60mph in as little as 3.6 seconds, improving handling, acceleration, and ride quality.

What technology does Carbon Revolution (CREV) use in their carbon fiber wheels for the Range Rover Sport SV?

Carbon Revolution's wheels for the Range Rover Sport SV feature their patent-pending Diamond Weave Technology™ and are available in Satin and Gloss finishes.

Where are Carbon Revolution's (CREV) carbon fiber wheels for the Range Rover Sport SV manufactured?

The carbon fiber wheels for the Range Rover Sport SV are built on Carbon Revolution's Mega-line.