Formula One slipstream revs up $1b group as EVs beckon

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The cooling technology which delivered PWR shareholders a sevenfold jump in share price is sought after by electric vehicle makers.

, says the Formula One car technology has been behind a series of spin-off products helping the company to make strong headway in supplying cooling systems for electric vehicles, and the defence and aerospace industries.

The hi-tech cooling system technology developed by ASX-listed PWR is used by all of the Formula One racing teams in some form.Mr Weel appreciates the irony that an invention that found its way onto all the racing cars in the high-powered Formula One motor racing global series is also equally sought after by road car manufacturers stepping up electric vehicle production.

Mr Keel said the engineering and manufacturing facility in Rugby would be fully operational in about seven weeks. “We’ll be full bore then.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines