Carbon Revolution’s CEO says the lightweight wheels the company makes can extend the range of an EV by 5 to 10 per cent before it needs a recharge.
US special purpose acquisition company Twin Ridge Capital struck a buyout deal
Carbon Revolution shares were up 12.5 per cent to 13.5¢ on Friday, but the stock was at 71¢ in April last year. The company listed on the ASX in late 2019Advertisement Carbon Revolution had made most of its early gains in supply contracts in supplying lightweight wheels for more expensive high-performance cars. The wheels will be available on General Motors’ Chevrolet Corvette E-Ray model due to go on sale in the US in mid-2023, which will have electric power alongside a traditional V8 engine.
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