A 30lb 1000hp motor doesn't necessarily mean that they can also produce a 3lb, 100hp motor. It would be cool if it did, but I doubt that it does because usually component strength doesn't scale linearly.
That being said, these are still valuable for traditional EVs. Even if they are only a modest weight savings in the grand scheme of modern vehicle weight, their ability to improve packaging options will be a boon. One thing the industry has dicovered is that the generic "skateboard" platform doesn't make for the best vehicles, in terms of packaging.