#EV #Stocks Leading
the way with #Innovation and #Safety; (NYSE American: $KULR) (NASDAQ: $TSLA)
(NASDAQ: $ENVX) (NASDAQ: $KNDI) @KULRTech
@Tesla @Enovix3D
Point
Roberts WA, Delta, BC –July 23, 2021 - Investorideas.com, a leading
investor news resource covering EV and battery stocks releases a special report
on battery technology innovation as EV car manufacturers, electronic device
companies and space agencies look for more efficient, safe and effective
battery options.
Read this article featuring KULR
in full at https://www.investorideas.com/news/2021/renewable-energy/07231EV-Battery-Tech.asp
In a report on the global lithium battery market, Reportlinker said, “Safety
concerns towards lithium-ion batteries is the major challenge faced by the
lithium-ion batteries market. Lithium-ion batteries generate large amounts of
energy, associated with the risk of explosion or fire.”
Continued: “For example, Several Tesla (NASDAQ:
TSLA)
Model S
sedans caught fire after battery shield getting damaged by road debris.
Therefore, inadequate safety in lithium-ion batteries hindering the lithium-ion
batteries market’s growth.”
KULR Technology
Group Inc. (NYSE
American:KULR), a leading developer of next-generation
lithium-ion battery safety and thermal management technologies believes they
have a solution.
At the recently
announced
ringing of the closing bell on the New York Stock Exchange in celebration of
the successful completion of its recent up-listing to the NYSE American
exchange,
KULR CEO, Michael Mo said, "We
couldn't be more excited about our prospects serving the world of e-mobility and
energy storage at a time when the world is entering into an electrification
revolution. We will continue to innovate with our space-proven technologies to
make batteries and electronics cooler, lighter and safer."
From the news: The Company
develops, manufactures and licenses next-generation carbon fiber thermal
management technologies for batteries and electronic systems. Leveraging the
company's roots in developing breakthrough cooling solutions for NASA space
missions and backed by a strong intellectual property portfolio, KULR enables
leading aerospace, electronics, energy storage, 5G infrastructure, and electric
vehicle manufacturers to make their products cooler, lighter and safer for the
consumer.
KULR’s team has included some top level
directors such as Dr. Joanna D. Massey, who joined the Company as an
independent director back
in February.
Dr. Massey has extensive experience advising
executive teams at Fortune 500 companies, startups and non-profit
organizations. A seasoned C-level communications executive and consultant, she
has over 25 years' experience in the media and digital technology industries,
strategizing on global brand reputation management as Head of Communications at
Condé Nast Entertainment and Senior Vice President of Corporate Communications
at Lions Gate Entertainment (NYSE: LGF.A) and at The Hub Network, a joint venture
between Discovery, Inc. (Nasdaq: DISCA) and Hasbro, Inc. (Nasdaq: HAS). She also held
Senior Vice President positions in communications and media relations at CBS
Corporation and Viacom, Inc., now ViacomCBS
Inc. (Nasdaq: VIAC). She also
previously served as managing director at Golden Seeds, an early-stage
investment firm with over $125 million in investment in more than 170
female-run businesses. Dr. Massey currently serves as a corporate consultant
working at the intersection of communications and neuroscience with her firm
JDMA Inc.
General Stayce D. Harris was also recently
added to its board of directors. Harris also serves as Chairperson of the
company’s Compensation Committee.
General
Harris is a retired United States Air Force Reserve Lieutenant General who last
served as the Inspector General of the Air Force. She previously served as the
Assistant Vice Chief of Staff and Director, Air Staff, Headquarters United
States Air Force and prior as 22nd Air Force Commander (US Air Force Reserve) at
Dobbins Air Reserve Base, GA. Harris made history becoming the first African
American woman to command an Air Force operational flying squadron, wing and
numbered Air Force and served as the first woman Inspector General of the Air
Force. Harris is an experienced pilot
with over 10,000 flight hours safely transporting passengers and cargo
worldwide for United Airlines (NASDAQ: UAL) and was a pilot
for nearly 30 years before retiring from the company in 2020.
Harris
serves as a director of The Boeing Company (NYSE: BA), an independent
director/trustee, BlackRock Fixed-Income Mutual Funds, and is a member of the
board of councilors for Viterbi School of Engineering, University of Southern
California, the board of directors for Direct Relief and a trustee of the
Falcon Foundation, United States Air Force Academy.
On June 30, 2021, KULR shared its breakthrough
recycling and prototype battery transportation solutions with industry and
government leaders at the 11th Annual Battery Safety Summit.
From the news: KULR recently
received two US Department of Transportation (DoT) special permits for the
transport of recycled batteries and prototype lithium batteries up to 2.1
kilowatt-hour (kWh). When shipping lithium batteries up to 2.1 KWh, the special
permit allows exceptions from shipping papers and employee safety training. The
special permit authorizes these exceptions based on using KULR's specially
designed thermally protective packaging which incorporates the Company's
patented Thermal Runaway Shield (TRS) technology. KULR's special permits mark
an important development for the Company as it continues to secure logistical
partners for air, maritime, and ground cargo transportation of lithium
batteries.
From the news: The Thermal
Runaway Shield (TRS), has been shown in multiple tests to prevent or minimize
the dangerous fires and explosions that can occur after a lithium-ion cell
enters into a thermal runaway event. KULR's TRS technology was selected by NASA
to transport to and store batteries aboard the International Space Station.
Tesla Inc. (NASDAQ:
TSLA)
has been, for quite some time, one of the few EV companies in town but that is
changing as new entrants to market compete. Safety is becoming a larger factor.
The regulatory risk in Tesla’s largest market, the US, has heightened
considerably given a series of mishaps regarding the safety of Tesla’s EV
batteries.
A
recent article
chronicles the tangible rise in concern from the regulatory agencies,
culminating with the new 'souped-up' Plaid Model.
“Unlike
’19 and ’20, Tesla is far from the only EV in town, be it Boston, Beijing, or
Barcelona. There is significant potential for a valuation derating due to
sliding market share, particularly from Tesla's main growth vector, China.”
The
company is expected to publish its Q2 2021 results after the markets close on
Monday, July 26. The EV company has already provided delivery figures for the
quarter, noting that it sold a record 201,250 vehicles, a sequential increase
of 9% and a year-over-year increase of about 130%.
The Company plans
to open up its network of superchargers to other electric vehicles later this
year, CEO Elon Musk said recently on Twitter.
Enovix
Corporation
(NASDAQ
GS:ENVX),
the leader in the design and manufacture of next generation 3D Silicon™
Lithium-ion batteries, recently
announced
a contract award with General Technical Services under DOTC-17-01-INIT1218
Advanced Power Systems Technologies with the Department of Defense to
demonstrate safe and efficient advanced lithium-ion battery technology to the
U.S. Army. This contract was awarded in conjunction with Inventus Power, a
leading provider of advanced battery and power systems that specializes in the
design and manufacture of Li-ion battery packs, smart chargers, and efficient
power supplies. The application for the Enovix batteries is the WarFighter
centralized power source, used to power worn and carried equipment within the
soldier ensemble. Enovix believes that the total U.S. wearable military battery
market is approximately $350M annually based on currently established military
programs.
“President Biden’s recent executive order
calls for a comprehensive review of US supply chains to identify
vulnerabilities and risks, and lithium-ion batteries are imperative to our
military and national security,” said Cam Dales, General Manager and Chief
Commercial Officer at Enovix. “In addition to our demonstrated product
performance and ability to manufacture at scale, we understand that the
Department of Defense greatly values our ability to produce our advanced
lithium-ion batteries in the U.S. in order to secure the supply chain for
mission-critical power sources to power the most advanced defense force in
history.”
From the news: US soldiers carry
more than 60 pounds of gear including more than 15 pounds of batteries to power
critical equipment—from weapons to newer technologies using smartphones,
tablets, and GPS—and traditionally those batteries have been developed and
sourced internationally. Since 2011, the US Army has been provided with slim
and light batteries that can last through a three-day mission, solving two
issues that soldiers were previously faced with: carrying too much weight and
having an efficient power source.
Kandi
Technologies Group, Inc. (NASDAQ
GS: KNDI),
another player in the battery space, recently
announced
the expansion of its battery cell business with the acquisition of a leading
cell producer in Jiangxi Province, China. Kandi is a leader in electric
vehicles and associated parts, including the cell business of subsidiary Ankao
and the intelligent battery exchange system, so this acquisition is a natural
fit to its vertical integration strategy. The company to be acquired, Jiangxi
Province Huiyi New Energy Co., Ltd., produces approximately 90 million 18650
lithium-ion rechargeable cells annually. The cells have a variety of
applications, especially in consumer products. Kandi intends to further grow
its cell business by using the newly acquired technology to address many new
applications, eventually including EV battery packs.
Mr. Hu Xiaoming, Chairman and CEO of Kandi
commented, “With the rapid growth of new forms of electric propulsion mobility,
the battery industry is literally in its infancy. Whether it is classic pure-EV
automobiles, recreational products like hoverboards, or the air transportation
of the future, eVTOLS, the need for powerful, safe, and reliable battery
storage will grow exponentially over the coming decades. Kandi already has
significant expertise in electric propulsion, so this acquisition is the first
step to take our expertise and market presence to the next level. Jiangxi Huiyi
is already a high volume, profitable producer. Under Kandi’s ownership, we
intend to grow volume and market share by leveraging their technology to
address many emerging applications.”
CNBC
recently reported
on some of the recent vehicle fires from the Chevy Bolt EV and Telsa Plaid,
saying, “The fire is the most recent to highlight an ongoing concern of
automakers and vehicle safety watch dogs as companies release an
influx of new electric vehicles in the coming years. Automakers have
continually touted the environmental benefits of EVs, however, the lithium-ion
batteries that power the vehicles can be dangerous and result in significant
chemical fires if something goes wrong.”
With so many new electric vehicles, devices
and yes...now spaceships all coming down the industrial pipeline at breakneck
speed, battery developers are realizing the need to up their game with regards
to innovation and efficiency. Safety can no longer take a backseat to speed to
market as the number of EV’s coming to market raises serious concerns.
For
investors following renewable energy and EV/battery stocks, visit the directory
of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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