Proposed non-binding collaboration aims to leverage Sidus's IBM-licensed battery technology to target high-growth aerospace, robotics, and advanced electric vehicle markets
WEIFANG, China, July 7, 2026 /PRNewswire/ -- Hongli Group Inc. (Nasdaq: HLP) ("Hongli Group" or the "Company"), a cold roll formed steel profile manufacturer, today provided an update regarding the advanced battery technology and research and development of Sidus Energy Storage, Inc. ("Sidus"), a California-based battery technology company. As previously announced, Hongli Group recently entered into a strategic non-binding Memorandum of Understanding ("MOU") with Sidus to explore a potential collaboration relating to battery manufacturing. The proposed collaboration is intended to evaluate opportunities relating to advanced battery manufacturing, including product development, automated production feasibility, capacity planning, supply chain localization, and the potential development of manufacturing facilities for Sidus battery products.
According to Sidus, its battery technology is licensed from IBM research. Building upon that technology base, Sidus has advanced its own research and development in battery materials, cell design, process engineering, and system integration. Sidus is currently focused on the development of semi-solid-state and solid-state battery technologies designed to deliver high energy density, improved safety, and enhanced performance for demanding applications.
Sidus has advised the Company that its advanced semi-solid-state and solid-state battery systems are being developed to address applications where weight, operating range, power performance, and system efficiency are critical. Potential target applications may include:
High-performance mobility
Aerospace applications
Commercial drones and unmanned aerial vehicles
Robotics and automation
Advanced electric vehicles and fleet electrification
"Our proposed collaboration with Sidus represents an important step in Hongli Group's long-term value creation strategy," said Mr. Jie Liu, Chairman and Chief Executive Officer of Hongli Group. "The energy storage landscape is facing an increasing demand shock driven by AI, robotics, and next-gen mobility. By combining our deeply established manufacturing execution, structural engineering capabilities, and supply chain infrastructure with Sidus's IBM-licensed solid-state battery technology, we are position-building to help scale a safer, more powerful, and scalable battery solution for the global market, and expect to unlock value for our shareholders."