KULR Technology Group, Inc. has announced a collaboration with a leading US automaker to enhance the safety of electric vehicle (EV) battery modules. The partnership will utilize KULR's SafeCASEā¢ technology to mitigate thermal runaway risks. KULR's CEO, Michael Mo, emphasized the importance of rigorous testing and safety standards. The collaboration is part of KULR's commitment to safety and innovation in the EV sector. KULR's patented SafeX product line, including SafeCASEā¢ and SafeSLEEVEā¢, will facilitate the safe and efficient shipping of lithium batteries within the automaker's network. The collaboration is expected to pave the way for further collaborations in EV battery transport, logistics, and battery recycling sectors. The global battery packaging market is projected to reach USD 201.85 billion by 2032. KULR has a market capitalization of 20.65 million USD and a gross profit margin of nearly 49.89%. The company aims to provide a comprehensive enterprise battery transportation platform to enhance efficiency and tracking throughout the battery management lifecycle. [fe56fd5f]
KULR, an energy management platform company, has extended its collaboration with the United States Army to continue the development, testing, and analysis of next-generation lithium-ion battery cells. The Army has shown trust in KULR's transformative technology by incorporating their battery storage platform, KULR ONE Design Solutions (K1-DS), into the new battery cells. The goal of this partnership is to develop state-of-the-art energy storage solutions that meet the Army's high technical and safety standards. KULR CEO Michael Mo expressed gratitude for the opportunity to provide cutting-edge energy storage solutions to the Army. This collaboration highlights KULR's expertise in carbon fiber thermal management technologies for batteries and electronic systems. The press release includes a disclaimer stating that it does not constitute an offer to sell or solicit securities and contains forward-looking statements that are subject to risks and uncertainties. [1dd86c14]
KULR Technology Group, Inc. has announced a collaboration with a leading US automaker to enhance the safety of electric vehicle (EV) battery modules. The partnership will utilize KULR's SafeCASEā¢ technology to mitigate thermal runaway risks. KULR's CEO, Michael Mo, emphasized the importance of rigorous testing and safety standards. The collaboration is part of KULR's commitment to safety and innovation in the EV sector. KULR's patented SafeX product line, including SafeCASEā¢ and SafeSLEEVEā¢, will facilitate the safe and efficient shipping of lithium batteries within the automaker's network. The collaboration is expected to pave the way for further collaborations in EV battery transport, logistics, and battery recycling sectors. The global battery packaging market is projected to reach USD 201.85 billion by 2032. KULR has a market capitalization of 20.65 million USD and a gross profit margin of nearly 49.89%. The company aims to provide a comprehensive enterprise battery transportation platform to enhance efficiency and tracking throughout the battery management lifecycle. [fe56fd5f]
KULR, an energy management platform company, has extended its collaboration with the United States Army to continue the development, testing, and analysis of next-generation lithium-ion battery cells. The Army has shown trust in KULR's transformative technology by incorporating their battery storage platform, KULR ONE Design Solutions (K1-DS), into the new battery cells. The goal of this partnership is to develop state-of-the-art energy storage solutions that meet the Army's high technical and safety standards. KULR CEO Michael Mo expressed gratitude for the opportunity to provide cutting-edge energy storage solutions to the Army. This collaboration highlights KULR's expertise in carbon fiber thermal management technologies for batteries and electronic systems. The press release includes a disclaimer stating that it does not constitute an offer to sell or solicit securities and contains forward-looking statements that are subject to risks and uncertainties. [1dd86c14]
SRIVARU Holding Limited has successfully completed AIS 156 testing and certification for its lithium iron phosphate (LFP) battery pack, ahead of schedule. The certification is a standard requirement for high-speed electric vehicles in India. SRIVARU collaborated with BYD, one of the world's largest battery suppliers, to access premium-quality components and cutting-edge technology. The steel-based design of SRIVARU's battery pack offers enhanced resilience compared to traditional aluminum packs. The incorporation of lithium iron phosphate technology provides superior power output and extended lifespan. The new lithium iron phosphate batteries are expected to deliver greater range and reliability. The certification achievement demonstrates SRIVARU's dedication to quality and adherence to regulations. The collaboration with BYD ensures a reliable component supplier to support SRIVARU's anticipated growth. SRIVARU's battery technology sets a new standard for the Indian electric vehicle market, prioritizing safety, efficiency, and longevity. The battery pack exemplifies excellence in quality control and regulatory compliance. SRIVARU aims to redefine the EV landscape in India and globally. [1b9740bc]
In other battery storage news, KORE Power has launched two all-in-one DC Block products for the energy storage sector. The company is offering a 750 kWh LFP DC Block and a 1.3 MWh NMC DC Block, which are scalable battery energy storage systems (BESS) that can be configured for various applications. The DC Blocks are powered by KORE Power cells and include proprietary enclosures, battery management systems, HVAC, fire suppression, and safety features. They are designed to be compatible with electric grids worldwide. KORE Power has already received orders for the systems, which will be delivered in 2024. The DC Blocks are manufactured in the United States and qualify for domestic content incentives. KORE Power is also constructing a facility in Arizona to produce lithium-ion battery cells, modules, and packs. [29c23369]