Elong Power Holding Limited filed a report with the SEC on November 5, 2026, announcing that a subsidiary has entered into a three-year cooperation agreement worth at least RMB2 billion (approximately US$300 million) in the domestic grid-side energy storage market.

Key Highlights

  • Agreement value: The cooperation agreement is worth at least RMB2 billion (approximately US$300 million), according to the filing.
  • Duration: The agreement covers a three-year term, as disclosed in the press release.
  • Market segment: The company described the deal as a "major breakthrough in domestic grid-side energy storage supply."
  • Party involved: The agreement was entered into by a subsidiary of Elong Power Holding Limited, traded on NASDAQ:ELPW.
  • Announcement date: The press release was published on November 5, 2026, and signed by CEO and Chairwoman Xiaodan Liu.

Elong Power Subsidiary Secures Large-Scale Energy Storage Supply Arrangement

According to the filing, Elong Power Holding Limited, a Beijing-based company operating in the energy storage sector, published a press release on November 5, 2026, disclosing that one of its subsidiaries had entered into a cooperation agreement valued at a minimum of RMB2 billion, which the company characterized as equivalent to approximately US$300 million. The filing describes the deal as being focused on domestic grid-side energy storage supply, a segment of the energy market relating to storage systems connected at the electricity grid level.

The company characterized the agreement as achieving "a major breakthrough in domestic grid-side energy storage supply," language quoted directly in the press release title as furnished to the SEC. The report was signed by Xiaodan Liu, identified in the filing as Chief Executive Officer and Chairwoman of the Board of Directors of Elong Power Holding Limited. The filing noted that the press release, dated November 5, 2026 and designated as Exhibit 99.1, is incorporated by reference into the report. The company files annual reports under Form 20-F and holds Commission File Number 001-42416.

What Was Disclosed

Elong Power Holding Limited, listed on NASDAQ:ELPW, reported through a foreign private issuer filing that a subsidiary entered a three-year cooperation agreement worth at least RMB2 billion (approximately US$300 million) for domestic grid-side energy storage supply, announced November 5, 2026.