Carbon Revolution Wins Automotive News PACE Awards [Yahoo! Finance]
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Source: Yahoo! Finance
GEELONG, Australia, April 30, 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, achieved dual recognition at the recent PACE Automotive News awards ceremony held on April 29, winning two significant awards. The Company was honored with the prestigious 2024 Automotive News PACE Award, which recognizes automotive suppliers for superior innovation, technological advancement, and business performance. Additionally, Carbon Revolution received a 2024 Automotive News PACE Innovation Partnership Award for its outstanding collaboration with General Motors. Carbon Revolution was recognized for its lightweight carbon fiber wheels which it supplies to global OEMs including General Motors (GM), Ford, Ferrari, Renault and Jaguar Land Rover. The Company's wheels are up to 40% to 50% lighter than conventional aluminum wheels. In particular, Carbo
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