Elong Power Holding Limited Announces First Half 2026 Financial Results
Elong Power Holding Limited announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026. During the period, the company completed the divestment of its lithium battery manufacturing business, fully transitioned to an asset-light energy storage system integration business, and completed offerings with aggregate gross proceeds of approximately US$20 million.
Why it matters — The announcement marks Elong Power's strategic pivot to an asset-light energy storage system integration model with new funding to support its global market expansion.