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Elong Power subsidiary signs RMB2 billion energy storage cooperation agreement
ELPWElong Power Holding Ltd.
Elong Power Holding Limited announced that its wholly-owned subsidiary, Elong Power (Beijing) Co., Ltd., entered into a three-year cooperation agreement with a total procurement value of no less than RMB2 billion (approximately US$300 million). The agreement takes effect immediately and may be renewed. Under the terms, the cooperating party will prioritize procuring complete-set energy storage equipment from Elong Beijing. The first purchase contract is expected to be signed in January 2027 with a value of no less than RMB300 million (approximately US$45 million). This milestone marks recognition of the company's supply capabilities by domestic grid-side independent energy storage developers and advances its order reserves for its core business. Elong Power Holding Limited is a global provider of intelligent lithium battery energy storage system solutions, covering portable, residential, commercial, industrial, and large-scale grid-side applications.