Elong Power Holding Ltd.
Elong Power Holding Ltd. develops lithium-battery energy storage systems and related components, including battery cells, modules, system integration, and battery management systems. The company is organized around energy storage applications for residential, commercial and industrial, and grid-side use cases, with operations and subsidiaries tied to China and overseas markets.
Fiscal year 2025 · change from previous year
Development 2022–2025
Business
Share of revenueLithium-ion cells, including lithium manganese oxide and lithium iron phosphate chemistries, used as the core energy-storage component.
Modules, packs, and integrated storage systems assembled for specific customer and application needs.
Control and monitoring systems that manage charging, safety, and performance across battery installations.
Home battery storage solutions designed for backup power and self-consumption use cases.
Storage systems for businesses and industrial sites seeking load management and power resilience.
Utility-scale storage applications and related lifecycle services for grid support.
Products
Reported · share of revenue- Battery Spare Parts and Others73.2 %
- Battery Packs or Battery Cells26.8 %
Source: 20-F FY2024, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Elong Power sells energy storage solutions to customers that need reliable backup power, load shifting, and grid support, including residential users, commercial and industrial operators, and grid-related buyers. Its offerings are suited to customers that value higher reliability, integrated system design, and lifecycle support rather than standalone battery hardware alone.
Households purchasing battery systems for backup power, solar pairing, and energy independence.
Businesses and industrial sites buying storage systems for demand management, resilience, and efficiency.
Utility and grid-related buyers using storage for balancing, support, and system flexibility.
Non-domestic customers and partners that procure integrated storage systems for local deployment.
Strategy
Elong Power describes its strategy as asset-light and R&D-intensive, with a focus on AI-enabled energy storage systems. It is building a product set that spans cell chemistry, system integration, and lifecycle services, while targeting both domestic and overseas deployment scenarios.
Technical differentiation matters in storage, where reliability, safety, and performance drive adoption.
International deployment broadens the customer base and reduces reliance on any one market.
Lifecycle services can strengthen customer retention and improve the value captured per installation.
Geography
The company is based in Beijing, China, and its disclosed operating footprint includes China alongside overseas residential and C&I energy storage markets. Its business model is exposed to both domestic grid-side demand and international adoption of storage systems, which can affect sourcing, standards compliance, and customer mix.
Risks
The company is exposed to product reliability, technology obsolescence, and execution risk because storage customers depend on safe battery performance and stable system integration. It also faces financing and capital-market risk, as disclosed equity offerings and corporate actions suggest reliance on external funding and a changing group structure.
- Battery safety and performance riskImpact: HighLikelihood: Medium
Energy storage systems must operate reliably over long cycles; failures can trigger warranty claims, recalls, or customer loss.
Exposure - Technology obsolescenceImpact: HighLikelihood: Medium
Storage markets evolve quickly across chemistries, software, and system architecture, requiring continued R&D investment.
Exposure: Lithium manganese oxide and lithium iron phosphate product lines
- Financing and dilution riskImpact: MediumLikelihood: High
The company has used equity issuance and registered offerings, which can dilute existing holders if external capital is needed repeatedly.
Exposure: Public-market funding activity
- Cross-border regulatory and market riskImpact: MediumLikelihood: Medium
Overseas operations and sales require compliance with different certification, trade, and procurement rules.
Exposure: Residential and C&I markets outside China
Accounting
Judgemental itemsSystem sales may include hardware, integration, and service elements that can be recognized at different times.
Impact: Can shift reported revenue between periods
Battery products often carry long-tail repair or replacement obligations based on performance claims.
Impact: Affects cost of sales and liabilities
Registered offerings and prefunded units can create complex equity and derivative accounting judgments.
Impact: Can affect dilution and fair value gains/losses
R&D-intensive companies must assess whether technology investments remain recoverable.
Impact: Can create non-cash write-downs
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Last updated: 28/09/2026