Elong Power is a China-based lithium battery energy storage system (BESS) integrator that targets three segments: overseas residential storage, overseas commercial and industrial (C&I) storage, and China grid-side storage. Elong's products store electricity generated by wind and solar, then discharge it for grid stabilization, peak shaving, and frequency regulation. In March 2026, Elong divested its legacy battery cell manufacturing subsidiaries — which had served EV and construction machinery customers — to focus entirely on BESS. Elong operates as an asset-light system integrator: rather than manufacturing core components like cells, battery management systems (BMS), power conversion systems (PCS), or energy management systems (EMS), Elong sources these from domestic suppliers, manages quality control, and uses third-party assemblers to produce the final system. Revenue comes from selling complete BESS to customers, with payment structured in stages — a 10–30% prepayment upfront, 95% before product pickup, and the remaining 5% after acceptance. Overseas markets are priced at a premium based on safety and intelligence features, while China pricing is more value-oriented. Key cost drivers are component procurement and R&D and sales expenses, with minimal manufacturing overhead. Elong went public in November 2024 via a SPAC merger, listing on Nasdaq under the ticker ELPW. Since listing, Elong has faced multiple Nasdaq compliance issues and has conducted several equity offerings to fund operations. Founding shareholder Gracedan, controlled by CEO Xiaodan Liu, holds Class B shares with 200 votes each, giving the founder majority voting control.