Sales of one piece carbon fibre road wheels by Geelong manufacturer Carbon Revolution are recovering strongly from their Covid-19 supply chain related slump.
The company reported today wheel sales in the second quarter FY22 of 4,397, up 109.4 per cent on the first quarter.
Quarterly revenue was $11.4 million, an 82.6 per cent jump from the previous quarter.
Carbon Revolution noted a lower average price per wheel achieved, reflecting a change in the product mix.
New wheel programs were announced during the quarter for a new Chevrolet C8 Corvette ZO6 and ZO7 – the company’s first program with General Motors.
At the vehicle launch Corvette chief engineer Tadge Juechter said: “It’s super light and saves over 40 pounds versus the forged aluminium wheels which are pretty lightweight wheels.
“Even daily driving you can sense that it’s not only lighter, it’s stiffer and you can really feel that.”
Juechter said wheel weight saving saved a second and a half on a two minute circuit lap.
With two new engineering agreements also signed, the company now has 15 active wheel programs for Ford, Ferrari, Renault and others underway – eight awarded and seven in detailed design stages.
One major program, the Ford Mustang GT500 was brought forward to manage longer transit times, and production rates for two Ferrari programs stepped up.
Programs for electric vehicles and SUVs are continuing.
Carbon Revolution also said the design of its first mega-line production line which will boost production was now complete and construction is underway at Geelong.
The company has a net cash position of $47.8 million.
Picture: Carbon Revolution/Waurn Ponds
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