Will KULR Stock Benefit from the EV Revolution?

Will KULR stock benefit from the EV revolution?

To some extent, yes.  And it all has to do with EV battery fires. A common refrain among EV haters.

Nevermind the fact that all the data show EVs are less likely to catch fire than internal combustion vehicles.

But that doesn’t matter to those who, for some reason, hate EVs more than Nazis and Communists.  For them, there’s always a reason why EVs will never catch on.  This, despite the fact that EV market growth has exceeded that of internal combustion vehicles since 2017.

But that “EVs catch on fire” thing just never lets up.

In fact, right after those terrorists attempted to blow up that Cybertruck in Las Vegas, I saw a number of comments on X (formerly known as Twitter), suggesting that it was just one more example of an electric car catching on fire.

Ironically, those responsible for this terrorist attack were too stupid to realize that the Cybertruck is a virtual tank.  Because of the vehicle’s design, the impact of the blast was minimized.  Uncle Elon was quick to point this out, writing…

Score one for Tesla!

Of course, it would be dishonest to suggest that EV fires don’t occur.  And even more dishonest to ignore the fact that EV car fires are a bit more difficult to extinguish than internal combustion fires.  But as technology advances, this will be a thing of the past.  Particularly now that we see a number of companies making huge advancements in solutions to thermal runway propagation (TRP).

If you’re unfamiliar, TRP occurs when thermal runaway in one battery cell spreads to the other cells.  This results in the entire battery catching on fire.

There are currently a number of solutions to TRP, including…

• Fire-resistant coatings
• Thermal fuses
• Insulation 
• Exhaustion systems
• Air cooling mechanisms

For the most part, these have worked pretty well.  But as you know, they haven’t always worked.

And when it comes to the future of vehicle electrification, “working pretty well” isn’t good enough.  Hell, there’s even concern with just moving these batteries from point A to point B.  Before they even get into an EV.

Can KULR Stock profit from this?

KULR Technology Group (NYSE: KULR) is actually looking to capitalize on this with its “SafeCASE” technology.  It’s essentially a product that “ensures lithium-ion batteries are handled with the highest safety standards for storage and transportation.”

Truth is, I didn’t even realize a market for such a thing existed.  But according to Precedence Research, the global battery packaging market is projected to be valued at $201.85 Billion by 2032.

Of course, providing storage and transportation for lithium-ion batteries isn’t the company’s calling card.  Truth is, it’s actually been quite active in the space industry.  The company has provided its technology for satellites, the International Space Station, and the Mars Rover.  It partnered with NASA, Boeing, Lockheed Martin and Raytheon.  And it provides everything from battery analysis and cell testing to battery production and vibration reduction systems.

Indeed, this penny stock is no slouch.  But it’s also tremendously overvalued at current levels.  I’d say about as much as 80%.  The recent run-up on the stock doesn’t sit well with me, either. 

Another thing that doesn’t sit well with me was the company’s announcement of a “bitcoin treasury.”  KULR bought $21 million worth of Bitcoin at an average price of $96,553 per BTC.  Indeed, that Bitcoin is worth more today.  But for a company that did less than $8 million revenue during the first three quarters of 2024, buying $21 million worth of Bitcoin seems a bit risky.  Especially when you consider that Bitcoin prices could easily plummet for any number of reasons. 

Before that Bitcoin purchase, KULR announced it would allocate up to 90% of its surplus cash towards buying Bitcoin as part of its strategy.

While I am bullish on Bitcoin, and have been for a very long time, I don’t think it’s in the best interests of shareholders to use that much of its surplus cash for Bitcoin.  Even if that announcement did increase the value of KULR stock by around 90%.  Thereby making it look far more valuable than it actually is.

The company does have a good thing going, though.  With solid contracts in place with SpaceX, Tesla, Boeing, General Motors, Meta Platforms, and even the U.S. Army, I would see no reason not to buy a few shares.  If it were priced appropriately.  But it’s just not.

There’s no way I see any justification for buying this stock for anything more than $1.00 a share.  And it’s nowhere near that.  The downside right now is far greater than any upside.  So KULR is a pass for me.

What isn’t a pass, however, is this company that’s just developed an AI Robot so advanced, it’s already landed contracts with…

• SpaceX
• Amazon
• DHL
• NFI Industries
• British Petroleum
• Turner Construction
• DARPA

It even has a sweetheart deal with the U.S. Army that has these AI Robots clearing minefields in Ukraine.

I actually saw one of these AI Robots in action.  It was like watching a science fiction movie in real life.  I guess this is what it must’ve been like when the world got its first glimpse of Apollo 11 and saw humans walk on the moon.  The only difference is back then, you couldn’t invest in NASA.  But you sure as hell can make a boatload of cash from this AI Robot company.

Certainly we’re now positioned to do that, and I would recommend you do the same.  Which is why I’m sharing with you this new investment report that includes videos of these AI Robots in action.  I have no doubt that once you see the video, and learn the name of the stock, you’re going to immediately add this one to your portfolio.  Unless, of course, you hate money.

To a new way of life and a new generation of wealth…

Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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