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Electric car demand drives Australian wheel company to new highs

Shares in Carbon Revolution jumped 19 per cent on Friday after the lightweight wheel maker said demand for electric cars had led to its sales more than doubling in the last three months.

Carbon Revolution last year said it would spend $72 million to develop a line of wheels that were much lighter than traditional aluminium types.

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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.

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    Original URL: https://www.afr.com/companies/energy/electric-car-demand-drives-australian-wheel-company-to-new-highs-20220128-p59s2i