Outperformance metric is basically power density. The model described is some 13 kg and delivers 750 kW peak, 350+ kW sustained. (That's 28 pounds, 1000 hp peak, 470+ hp sustained.) The 40% improvement is actually 36% and is versus the previous model of the same company.
Thanks. Do you also happen to know the power density of the motors in the average EV car? Because the article uses "nr of Tesla Model 3" as a unit, which is meaningless without further details about it power density.
Basically all EVs have small and light motors compared to ICEs or compared to the battery. Shaving off ten pounds there is irrelevant.