KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker

Core Insights - KULR Technology Group has secured a contract with a leading Japanese automaker for testing high-energy battery cells, which is expected to generate annual revenue of $8 million to $10 million starting in 2025 [1][3] - The company utilizes its KULR ONE Design Solutions (K1-DS) platform to enhance design readiness for the automaker's future electric vehicle projects [1][3] - KULR's testing protocols are considered among the most comprehensive in the industry, incorporating advanced techniques such as Fractional Thermal Runaway Calorimetry (FTRC) [2][4] Revenue Generation - The K1-DS platform is projected to evolve into a standalone business generating $8 to $10 million annually without requiring additional investment in testing capabilities [3] - KULR recognizes design services as a high-margin, recurring revenue stream, particularly targeting the automotive sector [4] Market Trends - The demand for battery testing services is driven by electric vehicle manufacturers' need for improved efficiency and faster charging times [4] - According to the International Energy Agency, electric vehicles are expected to represent 35% of new vehicle sales globally by 2030 [4] Company Overview - KULR Technology Group is a leader in energy management solutions, focusing on sustainable practices and the electrification of the circular economy [5] - The company has developed next-generation carbon fiber thermal management technologies for batteries and electronic systems, enhancing operational efficiency and sustainability [5]