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ELONG POWER HOLDING LIMITED (NASDAQ: ELPW) is a Cayman Islands exempted company founded in 2014. The firm specializes in the research and development, manufacturing, and sales of high-power fast-charging lithium-ion batteries and high-safety solid-state battery energy storage systems. Its products serve commercial vehicles, as well as applications in construction, mining machinery, and large-scale industrial and commercial energy storage.
Corporate Structure and Experience
Elong Power operates two production facilities in the People’s Republic of China. The Ganzhou, Jiangxi plant occupies approximately 92,000 m² and houses two high-power fast-charging battery production lines and two PACK assembly lines. The Zibo, Shandong facility spans about 15,000 m² and includes two energy storage system production lines. Business operations are organized into two segments—Power Batteries and Energy Storage Systems—overseen by Chairwoman and Chief Executive Officer Xiaodan Liu. On July 30, 2025, Wei Zou was appointed Chief Financial Officer, succeeding Luyi Wang under a three-year contract with an annual salary of US $40,000.
Battery Technology by Mika Baumeister
Recent Developments and News
A summary of key milestones and market events is presented below.
| Date | Event |
|---|---|
| March 25, 2025 | The company received two Nasdaq staff determination notices: one indicating that the market value of listed securities (MVLS) fell below US $50 million for 30 consecutive business days (through March 18, 2025) and another for a closing bid price below US $1.00 for 30 consecutive business days. Nasdaq granted 180 calendar days (until September 15 and 16, 2025) to regain compliance. |
| April 14–17, 2025 | Shares experienced notable intraday gains driven by retail trading and technical breakouts on high volume. |
| July 9, 2025 | Nasdaq notified the company of non-compliance under Listing Rule 13a-16 and 15d-16 due to failure to file the annual Form 20-F for the fiscal year ended December 31, 2024. |
| July 30, 2025 | Appointment of Wei Zou as Chief Financial Officer following Luyi Wang’s resignation; no disagreements were cited. |
| September 22, 2025 | The company filed its annual Form 20-F for the fiscal year ended December 31, 2024. |
| September 23, 2025 | Nasdaq confirmed Elong Power’s compliance with listing requirements. |
| October 3, 2025 | Closing share price of US $0.4597, reflecting a 40.07% increase on a volume of 21,065,903 shares traded on NASDAQ. |
Financial and Strategic Analysis
Since March 25, 2025, Elong Power has addressed compliance challenges related to minimum market capitalization and bid-price thresholds. The company’s two core segments—Power Batteries and Energy Storage Systems—offer a comprehensive portfolio from cell and module production to system integration and battery management. Although specific revenue and profitability figures have not been publicly detailed in these filings, the company's strategic focus includes scaling production capacity, advancing solid-state battery solutions for enhanced safety, and maintaining regulatory compliance in the U.S. equity markets.
Market Position and Industry Context
Elong Power operates within the power battery and energy storage sector, which is experiencing growth due to increasing electrification of commercial vehicles and demand for grid-scale storage solutions. With manufacturing capabilities in Jiangxi and Shandong, the company serves both mobility and stationary storage markets. Its emphasis on solid-state technology aligns with trends in the industry toward higher safety and longer cycle life. Regulatory developments, such as Nasdaq listing requirements and global supply-chain dynamics for lithium-ion cells, represent ongoing factors influencing the company’s operational landscape.
tl;dr
On October 3, 2025, ELPW shares closed at US $0.4597, reflecting a 40.07% increase on significant trading volume amid volatile trading patterns. After receiving Nasdaq notices in March and July 2025 regarding market value, bid price, and filing delays, Elong Power filed its 2024 Form 20-F on September 22 and regained compliance on September 23, 2025. The company must maintain a market value of at least US $50 million and a closing bid price of US $1.00 for ten consecutive business days to retain its NASDAQ Global Market listing. Future performance is contingent upon sustaining regulatory compliance while expanding production capabilities of high-power and solid-state battery systems.
