The Race is on for Higher
#EV #Batteries for #Automakers; (NYSE: $KULR) NASDAQ: $NKLA) (NYSE: $F) (NYSE:
$GM) @KULRTech @nikolamotor @Ford @GM
They will’t do it
alone
Vancouver,
Kelowna, Delta, BC – August 21, 2023 – Investorideas.com, a
main investor information useful resource protecting clear vitality and battery shares
releases a particular information report on automakers and the necessity for higher and safer EV
batteries, that includes KULR
Know-how Group, Inc. (NYSE:KULR), a
main vitality administration platform firm accelerating the worldwide transition
to a sustainable electrification financial system.
Learn this text,
that includes KULR in full at https://www.investorideas.com/information/2023/renewable-energy/08211Automakers-EV-Batteries.asp
Current
analysis exhibits
estimates that the USD 49.0 billion electrical car battery market will attain
USD 421.1 billion by 2032. Globally famend automakers resembling Common Motors (NYSE: GM), BMW, Volkswagen and Ford Motor Firm (NYSE: F) are
rising their concentrate on introducing varied forms of electrical automobiles to the
market.
With
the massive push for electrical automobiles, the battery story continues to be evolving, particularly
on the subject of security.
With a mission of batter security, KULR
Know-how Group, Inc. (NYSE: KULR) lately introduced it acquired a contract from one of many world’s top-selling automakers for testing and evaluation of high-energy
battery cells for its subsequent technology electrical automobiles. The Firm will
implement its KULR ONE Design Options (“K1-DS”) platform to speed up design
readiness for the Automaker’s superior EV roadmap.
From
the information: KULR’s rigorous testing protocols
incorporate its intensive spaceflight experience and proprietary KULR ONE Design
Options to ship what KULR believes to be the world’s most rigorous testing
platform for battery security. These exams embrace Fractional Thermal Runaway Calorimetry, bomb
calorimetry, and impingement zone mapping. By offering a uniquely thorough
cell-level characterization of the client’s cells, KULR is ready to present
its prospects what it believes to be globally distinctive perception into
optimize battery security.
From
the information: Just lately, EV automakers have been
seeking to high-performance, silicon-anode
batteries and different applied sciences to enhance
the driving vary and reduce prices of future electrical automobiles. Batteries
using silicon as a substitute for graphite – anodes generally employed in
present-day batteries – have demonstrated the aptitude to realize
considerably larger vitality density and accelerated charging charges making
KULR’s trade customary setting rigorous testing and security options much more
important and mission crucial.
“Understanding excessive energy and high-energy cell
security, whether or not it is lithium-ion, strong state, or silicon-anode, is completely
important if automakers need to develop a greatest in breed battery cell,”
commented KULR CEO Michael Mo. “KULR makes use of a superior testing protocol
for analyzing battery traits no matter cell chemistry. K1-DS
accounts for all testing variability — together with the continual swelling and
shrinking throughout charging and discharging in silicon anodes. In the end,
by our in-development AI functions studying from this testing information, we
consider that KULR is strategically positioned to proceed delivering
best-in-class options for end-to-end battery security throughout all functions
and all cell chemistries.”
From
the information: In keeping with a projection by
the Worldwide Power Company in April
2023, electrical
automobiles, encompassing each absolutely electrical and plug-in hybrid fashions, are
anticipated to account for 35 % of latest car gross sales worldwide by 2030.
KULR additionally simply introduced
second quarter 2023 monetary outcomes and full-year income steering.
From
the information: Revenues: Within the second quarter ended
June 30, 2023, income elevated to $2.7 million from $0.6 million reported in
the identical interval final yr for an roughly 360% enhance. Contract Providers
income elevated over 2300%, with second quarter 2023 contract companies
income of roughly $0.7 million versus $0.03 million within the prior yr
interval. Product income for the quarter ending June 30, 2023, was roughly
$2.0 million from roughly $0.6 million the identical interval final yr for an
enhance of over 250%.
From
the information: KULR Chief Monetary Officer Shawn
Canter affirmed: “KULR posted a powerful second quarter with over 350% income
development over the identical quarter final yr. KULR recorded extra income within the first
half of 2023 than all of 2022. These spectacular development figures display our
workforce, know-how, and customary setting options, proceed to deal with mission
crucial wants throughout industries. Administration is more and more excited by this
development in development, pipeline, and prospects. Given what our workforce is seeing right this moment,
administration estimates 2023 full yr income between $10 million and $14
million.”
Simply how a lot of a difficulty is battery security? Ask Nikola Company (NASDAQ: NKLA)
when it’s inventory was punished following information
on August 11th.
“The protection of shoppers, sellers and workforce members are
Nikola’s high precedence. Nikola Company, a world chief in zero-emissions
transportation and vitality provide and infrastructure options, through the HYLA
model, right this moment gives the preliminary outcomes of its battery pack
investigations and as a precautionary measure, proclaims a voluntary recall of
roughly 209 Class 8 Tre battery-electric automobiles (BEVs). Nikola is
presently within the strategy of submitting this voluntary recall with the Nationwide
Freeway Site visitors Security Administration (NHTSA) and is putting a short lived maintain
on new BEV gross sales till a decision is in place.”
From
the information: These actions don’t have an effect on the
hydrogen gasoline cell electrical car (FCEV) presently in manufacturing because the
truck’s battery pack has a distinct design.
From
the information: Following an August 10 presentation
of preliminary findings from Exponent, a good third-party investigator, a
coolant leak inside a single battery pack was discovered to be the possible explanation for
the truck hearth on the firm’s headquarters in Phoenix, Ariz. on June 23,
2023. The findings have been additional corroborated by a minor thermal incident that
impacted one pack on an engineering validation truck parked on the firm’s
Coolidge, Ariz. plant on Aug. 10. Nobody was injured in both incident.
From
the information: Inside investigations from Nikola’s
security and engineering groups point out a single provider element throughout the
battery pack because the seemingly supply of the coolant leak and efforts are underway
to supply a subject treatment within the coming weeks.
Ford Motor Firm (NYSE: F) additionally had its share of EV battery issues of safety earlier
this yr.
Fordauthority.com reported on the difficulty: “The Ford F-150 Lightning has confronted its
fair proportion of manufacturing woes in latest weeks, all of which began when a
single pickup caught hearth in a holding lot. The reason for that drawback stemmed
from its battery – which is provided by SK On – and has since been recognized
and corrected, in line with that firm and The Blue Oval. 2023 Ford F-150
Lightning manufacturing is predicted to restart on the Rouge Electrical Automobile
Heart right this moment, March thirteenth, whereas workers at that facility and the Rawsonville
Elements Plant – the place the Lightning’s battery packs are assembled – will
quickly be again at work. Now, nevertheless, a complete of 18 Ford F-150 Lightning fashions
are bering recalled over this identical battery problem, in line with CNBC.”
Again on observe, Ford Motor Firm reported
early this month it has resumed manufacturing of the F-150 Lightning following a
six-week shutdown to broaden and retool the Rouge Electrical Automobile Heart plant
to triple manufacturing capability of the award-winning electrical truck.
From
the information: With the enlargement, Ford could have
means to provide the F-150 Lightning at an annualized fee of 150,000 items
by this fall.
Betting on improved battery security, Common Motors Co. (NYSE: GM) introduced
in late June that it acquired considerably all of the property of Israel-based
battery software program startup ALGOLiON Ltd. for an undisclosed sum.
From
the information: The acquisition was led by the newly
fashioned Know-how Acceleration and Commercialization (TAC) group, a bunch
inside GM that works to determine rising know-how that may help GM’s
management place in battery growth by investments, acquisitions or
partnerships.
From
the information: ALGOLiON, which acquired early
help from the Israeli Innovation Authority, was based in 2014 by Niles
Fleischer, Ph.D., and Alex Nimberger, Ph.D. The corporate has developed
refined software program that makes use of information streams from EV battery administration
techniques to assist determine anomalies in cell efficiency to make sure correct car
well being administration and supply early detection of battery hazards together with
thermal runaway propagation occasions. Dr. Fleischer has greater than 40 years of
expertise within the battery trade and greater than 80 patents within the subject, whereas
Dr. Nimberger has deep navy and civilian expertise in all points of
lithium-ion battery working modes and results evaluation.
From
the information: ALGOLiON’s software program, coupled with
GM’s inner capabilities and huge expertise in delivering best-in-class
merchandise at scale, can significantly speed up time-to-market of an economical
early hazard detection system for the good thing about thousands and thousands of GM’s prospects
worldwide.
“ALGOLiON has developed innovative battery analytics and
prediction software program that may assist Common Motors ship nice performing EVs
for our prospects,” stated Gil Golan, Vice President, TAC.
Wanting
on the want for higher and safer EV batteries, The Monetary Publish factors
out a really legitimate level as we expertise world warmth domes, “Contemplate it ironic, or no less than a little bit
poetic: Electrical automobiles, nice for combating local weather change, don’t do nicely in excessive warmth. It’s a paradox being
thrown into aid as a number of US states bake below warmth waves which might be
changing into extra frequent and extra intense.”
The
EV and battery markets proceed to evolve as new security, vary and
infrastructure points come up. For customers and buyers within the sector, the
greatest battery continues to be to come back.
Go to
the clear vitality and battery shares free listing at Investorideas.com
https://www.investorideas.com/Enviro_Stocks/Stock_List.asp
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