Elong Power Holding Limited (NASDAQ: ELPW) Announces Subsidiary’s Entry into a US$25.5 Million Annual Cooperation Agreement, Marking a Critical Step Forward in Its Global Distribution Expansion
Elong Power's Hong Kong subsidiary signed a one-year omnichannel cooperation agreement with a total value of US$25.5 million to distribute smart consumer electronics and energy storage products. The company promptly completed delivery of the first batch of goods worth approximately US$0.84 million, which it frames as validation of its asset-light transformation and commercial execution capacity.
Key figures
- Deal Value Usd
- 25500000
- Agreement term
- one year with automatic renewal
- First delivery value
- $0.84 million
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