StocksMedium•5 November 2026•
1 min read
Elong Power Secures RMB2 Billion Energy Storage Cooperation Agreement
Key Facts
1Elong Power's wholly-owned subsidiary, Elong Power (Beijing), entered into a three-year energy storage equipment cooperation agreement.
2The total procurement value of the agreement is no less than RMB2 billion, approximately US$300 million.
Elong Power's wholly-owned subsidiary, Elong Power (Beijing), entered into a three-year energy storage equipment cooperation agreement. GlobeNewswire reported that the total procurement value of the agreement is no less than RMB2 billion, which is approximately US$300 million.
ELPW closed at $2.51 on November 4, 2026, with the stock reaching a day high of $2.86 and a low of $2.5 during that session. The agreement marks a breakthrough in the company's order reserves and reflects recognition of its energy storage system supply capabilities by domestic developers.