TRCA TWIN RIDGE CAPITAL ACQUISITION CORP

Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1

Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1

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 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 

For further information, please contact:

Investors

Media

Photos accompanying this announcement are available at:



EN
26/07/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TWIN RIDGE CAPITAL ACQUISITION CORP

 PRESS RELEASE

Carbon Revolution Secures Further Release of $5 Million from OIC and f...

Carbon Revolution Secures Further Release of $5 Million from OIC and further $0.4 Million Reserve Release from Existing Lenders GEELONG, Australia, Jan. 24, 2025 (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 Orion Infrastructure Capital ("OIC") has released an incremental US$5 million of the US$25 million facility announced on . As a result of this most recent release, $10 million of this US$25 million facility has no...

 PRESS RELEASE

Carbon Revolution Secures New $25 Million Financing Agreement with OIC...

Carbon Revolution Secures New $25 Million Financing Agreement with OIC and Existing Lenders GEELONG, Australia, Dec. 23, 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 has reached an agreement with Orion Infrastructure Capital ("OIC") for a further US$25 million financing, which will be released in five tranches, each equal to US$5 million, subject to satisfying certain release conditions. In connection with th...

 PRESS RELEASE

Carbon Revolution Announces Receipt of Non-Compliance Letter from Nasd...

Carbon Revolution Announces Receipt of Non-Compliance Letter from Nasdaq GEELONG, Australia, Nov. 22, 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 the Company has received a notification letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay i...

 PRESS RELEASE

Carbon Revolution Secures Further Release of $5 Million from OIC

Carbon Revolution Secures Further Release of $5 Million from OIC GEELONG, Australia, Nov. 05, 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 OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, all US$35 million has now been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares e...

 PRESS RELEASE

Carbon Revolution Supplies Carbon Fiber Wheels For Range Rover Sport S...

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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch