On June 12, 2024, Elong Power announced that its wholly-owned subsidiary signed a storage system supply contract with a total amount of approximately RMB 80 million. The contract is to design and manufacture lithium iron phosphate battery packs for Beijing Mobile’s unmanned intelligent charging vehicles, and all deliveries are expected to be completed by the end of 2024.
This is the second large energy storage system supply order signed by Elong Power after the RMB 500 million order for Shandong shared energy storage system signed in May. The continuous signing of large orders for energy storage systems shows that Elong Power’s energy storage system products have quickly gained market recognition.
With 10 years of industry experience in high-power fast-charging power batteries, Elong Power focuses on the research and development and production of solid-state battery technology. It officially entered the energy storage market in 2023 and has now become the world’s leading company in the industrialization of solid-state batteries for energy storage systems. The solid-state battery energy storage system it develops and produces has the characteristics of high safety, large capacity, and long cycle life. At the same time, it also has industry-leading advantages in charging speed, environmental adaptability, etc.
Ms. Liu Xiaodan, CEO of Elong Power, said: “We are pleased to announce that our company has received new orders since we received a large order in May. These orders are not only a recognition of the work of our team, but also a further strengthening of our company’s position and reputation in the market. Looking to the future, we are full of confidence in the development of the company. These orders not only demonstrate the continued growth in market demand for our products and services, but also reflect the gradual improvement of our competitiveness and influence in the industry. We will continue to focus on technological innovation and product optimization to respond to market changes and customer needs, and ensure the company’s continued growth and success in the future.”
