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Elong Power subsidiary signs US$25.5M annual cooperation agreement for global distribution
ELPWElong Power Holding Ltd.
Elong Power Holding Limited announced that its subsidiary, Elong Power (Hong Kong) Holding Limited, entered into a one-year omnichannel cooperation agreement valued at US$25.5 million. The deal includes an automatic renewal clause and aims to expand the company's B2B distribution network for smart consumer electronics in global commercial settings. Following the signing, the subsidiary delivered an initial batch of goods worth approximately US$0.84 million. This partnership supports Elong Power’s asset-light strategic transformation and its goal to scale commercial profitability for intelligent energy storage products across Asia-Pacific and other markets. The company operates as a global provider of lithium battery energy storage system solutions.