Business
Hongli Group Inc. Plans to Establish New Energy Solid-State Battery Division to Explore Opportunities in Advanced Materials and Energy Storage
Initiative supports the Company's broader strategy of leveraging its manufacturing expertise to evaluate opportunities in next-generation battery
About this update from Hongli Group Inc.
[{"type":"text","content":"Initiative supports the Company's broader strategy of leveraging its manufacturing expertise to evaluate opportunities in next-generation battery technologiesWEIFANG, China, May 19, 2026 /PRNewswire/ -- Hongli Group Inc. (Nasdaq: HLP) (the \"Company\" or \"Hongli Group\"), a cold roll formed steel profile manufacturer, today announced that it plans to establish a New Energy Solid-State Battery Division as part of its broader strategy to explore opportunities in the clean energy, advanced materials and energy storage sectors.\nThe planned division follows the Company's previously announced initiatives to explore opportunities in clean energy, energy storage applications, and solid-state lithium battery-related technologies. The management of Hongli Group believes the planned division represents a further step in implementing its long-term strategy to align its manufacturing capabilities with emerging opportunities in the global energy transition.The New Energy Solid-State Battery Division is expected to focus on business opportunities related to key materials, structural components, production process support, and industrial applications associated with solid-state battery technologies. Leveraging Hongli Group's experience in precision profile design, customized processing, material forming, and industrial manufacturing, the Company intends to evaluate opportunities involving solid-state battery module structural components, lightweight battery pack materials, energy storage system supporting components, and other advanced material applications. The Company plans to gradually advance related business initiatives through potential technical collaborations, industry resource integration, market development efforts, and pilot projects.\"Our planned establishment of the New Energy Solid-State Battery Division reflects the continued implementation of our broader clean energy and energy storage strategy,\" said Jie Liu, Chief Executive Officer of Hongli Group. \"We believe solid-state battery technology represents an important emerging direction in energy storage, and this initiative allows us to further evaluate opportunities that align with our manufacturing expertise, industry experience, and long-term growth objectives.\"The Company noted that the New Energy Solid-State Battery Division is currently in the planning and preliminary ...