Renewable energy and electric vehicles (EV) market stocks like Tesla (NASDAQ:TSLA), Nio Inc. (NYSE:NIO), KULR Technology Group (OTCQB:KULR), LG Chem (OTCPK: LGCLF), Samsung SDI (OTCPK: SSDIY), ChargePoint Holdings Inc (NYSE:CHPT), and Blink Charging Co. (NASDAQ:BLNK, BLNKW)), among others, are leading the headlines of countless media stories and the reason is simple — the world needs drastic solutions to stop the damage caused to the planet.

The new U.S. administration plan includes $174 billion to promote EVs and EV charging stations, $80 billion for public transit and another $80 billion for railroads. To make sure these plans go as expected, many EVs and charging stations (most likely fast-charge stations) will require higher energy density battery cells. This, in turn, will require more efficient thermal management solutions as well as safer battery management systems to protect from thermal runaway.

KULR Technology Group (OTCQB:KULR), a developer of lithium-ion battery safety and thermal management technologies, is taking its space-proven solutions for electronics to serve the world of electric transportation, energy storage, battery safety, 5G infrastructure, cloud computing, aerospace, and defense applications. Over the last year, KULR has been focused on filling the demand for heat management solutions in the EV, and even more broadly, the overall electric transportation market.

Earlier this week, the company announced the June 2021 launch of a new product line of high-capacity lithium battery packs targeting the $127 billion commercial drone market. In fact, KULR recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021. The announcement is a first step in KULR’s overall strategy of targeting adjacent markets complementary to the company’s established battery safety and thermal management products. KULR intends to rapidly expand into additional electric transportation markets in the coming year.

• The company appointed Keith Cochran as President and COO in March. Keith was SVP of Jabil (NYSE:JBL), the 3rd largest EMS provider in the world.
• It recently strengthened its board by the appointments of Joanna D. Massey and Morio Kurosaki as directors, contingent upon the Company’s common stock being approved for uplisting to a senior national exchange. KULR expects their involvement to strengthen the corporate governance and strategic direction.
• A few days ago, the company announced Antonio Martinez as the new Vice President of Operations. Mr. Martinez will be responsible for managing the day-to-day operations of the company’s manufacturing department as well as supporting strategic growth goals.

• Increased in revenue by 298% compared to the prior year corresponding quarter — mainly reflecting increased aerospace and governments.
• KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by Michael Andretti.
• As part of the alliance, KULR agreed to establish a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti’s global racing enterprise. Both partners would focus on co-developing and co-marketing motorsports’ battery and safety technologies to automotive partners for mass-market EV applications.

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