CREV Stock Pops as Carbon Revolution Snags Chevrolet Supply Deal

Core Viewpoint - The announcement of the Chevrolet Corvette ZR1, featuring Carbon Revolution's carbon fiber wheels, has generated significant investor interest in Carbon Revolution (CREV) stock due to the vehicle's high-performance specifications and premium pricing [3][6][10]. Pricing and Market Position - The base model Corvette has an MSRP of just under $70,000, while the top-end Z06 model is priced at$111,795. The upcoming ZR1 is expected to be priced between $180,000 to$205,000, positioning it as a high-end performance vehicle [1][5]. Performance Specifications - The ZR1 is anticipated to generate 1,064 horsepower, although Chevrolet has not yet released its 0-60 times. The Z06 model achieves 0-60 mph in just 2.6 seconds and completes a quarter mile in 10.6 seconds, showcasing supercar-level performance [5][8]. Carbon Revolution's Role - Carbon Revolution will supply the carbon fiber wheels for the ZR1, which are designed to be significantly lighter than traditional aluminum wheels, reducing the vehicle's unsprung mass by 42.8 pounds. This weight reduction is expected to enhance performance, appealing to high-end buyers [2][10]. Stock Market Reaction - Following the announcement of the partnership with Chevrolet, Carbon Revolution's stock experienced a dramatic increase, indicating strong market interest and speculation surrounding the performance vehicle [6][7].