TMT Acquisition Corp Merger Partner, eLong Power Holding Limited, Received RMB480 Million (Approximately US$66 Million) Purchase Order for 600MWh Lithium Battery Energy Storage System
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Business Combination anticipated to close in the second half of 2024; battery storage delivery expec...
Original sourceAI Summary
- eLong Power signed a supply contract for energy storage systems valued at $66 million. - The contract is for a 600MWh lithium battery storage system in China, with delivery by October 31, 2024. - eLong Power aims to capitalize on the growing global commercial EV market. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Corporate Developments
Market-Moving
- eLong Power signed a supply contract for energy storage systems valued at $66 million.
- The contract is for a 600MWh lithium battery storage system in China, with delivery by October 31, 2024.
- eLong Power aims to capitalize on the growing global commercial EV market.
Key Facts
- eLong Power signed a supply contract for energy storage systems valued at $66 million.
- The contract is for a 600MWh lithium battery storage system in China, with delivery by October 31, 2024.
- eLong Power aims to capitalize on the growing global commercial EV market.