Carbon Revolution Wins Automotive News PACE Awards

Carbon Revolution recognized by prestigious global auto industry awards for innovation as a Tier 1 supplier of lightweight carbon fiber wheels as well as its collaboration with General Motors

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, Carbon Revolution was recognized for its collaboration with GM, in designing and supplying carbon fiber wheels for the C8 Corvette Z06 and E-Ray.

“For 29 years, the PACE program has celebrated cutting-edge innovations that have shaped the automotive industry on a global level,” said Jamie Butters, executive editor of Automotive News. “The companies on this year’s list have pioneered significant technologies that will continue to propel the industry forward.”

The 29th annual PACE Awards were presented by Automotive News. The competition was open to suppliers that contribute products, processes, materials, or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry benchmark for innovation.

“We are delighted to have received such prestigious awards from one of the automotive industry’s most reputable publications. It’s a testament to the extensive efforts of our design and manufacturing engineering teams that we have become a tier 1 supplier of unique technology to the world’s most recognized OEMs. I would particularly like to thank General Motors for their close partnership and collaboration,” said Jake Dingle, CEO of Carbon Revolution.