Company Breakdown - Key Details On Elong Power (Nasdaq: ELPW)
Elong Power, founded in 2014, is a technology-driven company specializing in high-power fast-charging power batteries and advanced energy storage solutions.
Headquartered in Ganzhou, Jiangxi, China, the company operates two major production facilities: one in Ganzhou and another in Zibo, Shandong.
The Ganzhou plant, spanning approximately 92,000 square meters, focuses on manufacturing high-power fast-charging batteries and PACK systems for commercial vehicles, construction, and mining machinery.
The Zibo facility, covering 15,000 square meters, is dedicated to producing large-scale and industrial energy storage battery systems.
Industry Experience and Focus
With over a decade of experience, Elong Power has established itself as a key player in the rapidly growing battery and energy storage sector.
The company is deeply committed to innovation, particularly in solid-state battery technology, which combines enhanced safety with cost-effectiveness.
Elong Power's solutions cater to commercial vehicles and large-scale energy storage applications, addressing the needs of industries that demand robust, reliable, and efficient power systems.
Technological Development and Milestones
Elong Power’s product evolution demonstrates a consistent commitment to technological advancement:
2014: Launched its first-generation 600V/2C product and a 26Ah battery series, establishing the Ganzhou production base and entering the heavy-duty truck and urban logistics vehicle markets.
2018: Introduced the second-generation 600V/6C battery, expanding into the mining truck market.
2020: Released the third-generation 1000V/4C-6C product and a 48Ah battery series.
2022: Enhanced third-generation products and energy storage solutions, improving battery performance in temperatures as low as -40°C.
2023: Debuted the fourth-generation solid-state battery energy storage system, increasing cell capacity to 500Ah and reducing costs by 10%.
2024: Achieved full industrialization of the solid-state battery energy storage system, with further cost reductions anticipated.
Innovation and Intellectual Property
Elong Power has built a comprehensive and leading technology patent system, positioning itself as a trailblazer in high-power fast-charging batteries.
The company holds a total of 2,679 intellectual property items, including 38 patents (6 invention patents, 32 utility model patents, and 5 pending applications), as well as 2,649 technical drawings and copyrights.
These innovations have enabled Elong Power to secure a first-mover advantage, particularly in the application and industrialization of solid-state batteries for energy storage.
Core Technologies and Capabilities
Key technological strengths include:
- Advanced Battery Management System (BMS) and PACK technologies.
- Proprietary water cooling systems for high-power batteries.
- Independent material optimization, especially in lithium salt additives, to improve cycle life, rate performance, low-temperature operation, and energy density.
- Continuous upgrades to the fast-charging platform to meet evolving industry standards and demands.
Conclusion
Elong Power stands out as a leader in high-power battery and energy storage technology, underpinned by a robust patent portfolio, continuous innovation, and a clear focus on safety, efficiency, and cost-effectiveness.
Its trajectory reflects a commitment to advancing solid-state battery technology and delivering reliable solutions for commercial and industrial energy needs.
Grab ELPW Sources And More Here. -----
And based on several potential catalysts, (Nasdaq: ELPW) has risen to the top spot on my watchlist. Check them out:
#1. ELPW Potential Catalyst - Could A Low Float Scenario Lead To Heightened Volatility?
According to the Finviz website, ELPW has a fairly low float.
In fact, the website reports this profile has approximately 1.28Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility potential.
If the company provides more positive company news in the first half of 2025, could it create a near term spark? -----
#2. ELPW Potential Catalyst - A Key Biz Combination And Strategic Move Positions Elong Power For Growth.
Elong Power Holding Limited Completes Business Combination with TMT Acquisition Corp
Ganzhou, China, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Elong Power Holding Limited (“Elong Power” or the “Company”) (Nasdaq: ELPW), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced the completion of its business combination with TMT Acquisition Corp (“TMTC”) (Nasdaq: TMTCU, TMTC, and TMTCR), a publicly traded special purpose acquisition company. ...
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Ms. Xiaodan Liu, eLong Power’s Chairwoman and CEO, commented: “We are thrilled to complete our business combination with TMTC, resulting in a pivotal milestone for Elong Power. We expect this strategic move to accelerate our growth and position us to meet the rising demand in the EV and energy storage industry with our innovative solutions. We believe being traded on Nasdaq is crucial for our growth and expansion plan to position Elong Power as a global player. We look forward to leveraging this opp. to drive innovation and growth while delivering long-term values for our shareholders.”
Read the full article here. -----
#3. ELPW Potential Catalyst - Elong Gets Listed On The Nasdaq Global Market Creating Strong Potential For Added Visibility.
Elong Power Holdings Limited is listed on NASDAQ in the United States
On November 22, 2024, Eastern Time, our company completed a business merger with TMT Acquisition Corp (“TMTC”) ..., a U.S. listed special purpose acquisition company, and began trading on the Nasdaq St-ock Exchange with the stock code “ELPW”.
Ms. Liu Xiaodan, Chairman and CEO of the Company, said: “We are very pleased to complete the business combination with TMTC, which is an important milestone for Elong’s development. It is expected that this strategic move will accelerate the growth of our business. We firmly believe that listing on Nasdaq will push Elong to the forefront of the global market and is of great significance to Elong’s growth and expansion strategy. We look forward to taking this opp. to accelerate the pace of innovation and development, while continuing to create value returns for the company’s shareholders.”
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Read the full article here. -----
#4. ELPW Potential Catalyst - An Explosive Chart History Shows ELPW Has Been A Quick, Short Term Mover.
Take a look at ELPW's 3-month chart: |
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