ELPW · $300M energy storage deal

Elong Power's subsidiary signed a three-year energy storage equipment cooperation agreement with a minimum total procurement value of RMB2 billion (~$300M), with the first purchase contract of at least RMB300M (~$45M) expected in January 2027. The agreement is a non-binding framework with no guaranteed revenue; the company has a $3M market cap and no disclosed revenue from this contract.

• Wholly-owned subsidiary Elong Beijing entered a three-year cooperation agreement with a minimum total procurement value of RMB2 billion (~$300 million).
• First purchase contract of at least RMB300 million (~$45 million) to be signed in January 2027.
• Agreement is a framework giving priority to Elong Beijing; no binding purchase commitment beyond the first contract.
• Company market cap is $3 million; the stated deal value is ~100x market cap.