Hongli Group Inc. Plans to Establish New Energy Solid-State Battery Division to Explore Opportunities in Advanced Materials and Energy Storage

Hongli Group (Nasdaq:HLP) plans to establish a New Energy Solid-State Battery Division to pursue opportunities in clean energy, advanced materials, and energy storage.

Rhea-AI Summary

Hongli Group (Nasdaq:HLP) plans to establish a New Energy Solid-State Battery Division to pursue opportunities in clean energy, advanced materials, and energy storage. The division will focus on materials, structural components, production process support, and industrial applications for solid-state batteries and is currently in the planning and preliminary development stage.

Argus May 19 session

-5.00% close to close Open Argus

Details

News Market Reaction – HLP

In the May 19 session, HLP declined 5.00%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.0% in the session following this news. A negative reaction despite a strategic ex...

Analysis

The stock moved -5.0% in the session following this news. A negative reaction despite a strategic expansion into solid-state battery components could fit a pattern where investors focus on broader risks highlighted in recent filings, such as major share-authorisation changes or prior private placements. Even with earlier positive responses of 23.4% and 7.82% to earnings and strategy updates, concerns about governance, capital structure, or execution in a new technology area could weigh on sentiment and deepen volatility.

Historical Context

2 past events · Latest: May 13

2 events

1. May 13

   Earnings results

   24h Move

   +23.4%

   Strong FY 2025 growth and profit turnaround highlighted in earnings release.

2. May 05

   Strategic initiative

   24h Move

   +7.8%

   New plan to pursue clean energy and energy storage opportunities.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

solid-state battery, solid-state lithium battery-related technologies

2 terms

solid-state battery technical

"New Energy Solid-State Battery Division as part of its broader strategy"

A solid-state battery is a type of rechargeable battery that uses a solid material instead of liquid or gel-like substances to store and transfer energy. This design can make batteries safer, more durable, and capable of holding more power in a smaller space. For investors, advancements in solid-state batteries could lead to better-performing electric vehicles and portable electronics, potentially transforming markets and creating new opportunities.

solid-state lithium battery-related technologies technical

"energy storage applications, and solid-state lithium battery-related technologies"

Solid-state lithium battery-related technologies are the materials, designs and manufacturing methods that replace the liquid or gel inside a battery with a solid substance to store and move charge. For investors this matters because the approach promises safer batteries with higher energy per charge and longer life—like swapping a bulky, flammable backpack for a lighter, sturdier case—so breakthroughs or production setbacks can change the costs, competitiveness and demand for electric vehicles and portable devices.

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Initiative supports the Company's broader strategy of leveraging its manufacturing expertise to evaluate opportunities in next-generation battery technologies

WEIFANG, 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.

The 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 development stage, and intends to provide additional updates as appropriate based on future developments.

About Hongli Group Inc.

Hongli Group Inc. is a Cayman Islands holding company, and through a series of contractual arrangements, consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries (collectively, "Hongli Operating Group"). Hongli Operating Group is a cold roll formed steel profile manufacturer with operating subsidiaries in China. The Hongli Operating Group designs, customizes and manufactures cold roll formed steel profiles for machineries and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation. The Hongli Operating Group, with over 25 years of operating history, has developed customers in more than 30 major cities in China as well as a global network including South Korea, Japan, and U.S. Hongli Operating Group currently has 11 cold roll forming production lines and produces a variety of distinct profile products in a broad range of materials, sizes and shapes.

Forward-Looking Statements

Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "would," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," "continue" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, import and export restrictions, fluctuations in general economic and business conditions, the Company's ability to comply with Nasdaq continued listing standards and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:

Hongli Group Inc.
Mr. Jie Liu
Email: zjf@hongli-profile.com
Mobile: +86 0536-2180886

View original content:https://www.prnewswire.com/news-releases/hongli-group-inc-plans-to-establish-new-energy-solid-state-battery-division-to-explore-opportunities-in-advanced-materials-and-energy-storage-302775676.html

SOURCE Hongli Group Inc.

FAQ

What did Hongli Group (HLP) announce on May 19, 2026 about solid-state batteries?

Hongli Group announced plans to create a New Energy Solid-State Battery Division. According to Hongli Group, this division will explore clean energy, advanced materials, and energy storage opportunities related to solid-state battery technologies as part of its long-term growth strategy.

What will Hongli Group’s new solid-state battery division focus on for HLP investors?

The division is expected to focus on key materials, structural components, production process support, and industrial applications. According to Hongli Group, it plans to evaluate solid-state battery module components, lightweight battery pack materials, energy storage system parts, and other advanced material applications.

How does the planned solid-state battery division support Hongli Group’s strategy for HLP?

The new division is intended to advance Hongli Group’s broader clean energy and energy storage strategy. According to Hongli Group, it aligns the company’s precision profile design and industrial manufacturing capabilities with emerging opportunities in the global energy transition and next-generation battery technologies.

What stage is Hongli Group’s solid-state battery division in and what are the next steps for HLP?

The New Energy Solid-State Battery Division is currently in the planning and preliminary development stage. According to Hongli Group, future steps may include technical collaborations, industry resource integration, market development efforts, pilot projects, and additional updates as developments occur.

How will Hongli Group leverage its existing expertise in the new solid-state battery division?

Hongli Group plans to use its experience in precision profile design, customized processing, material forming, and industrial manufacturing. According to Hongli Group, these capabilities will support evaluation of structural components and materials for solid-state battery modules and energy storage systems.

What opportunities could Hongli Group’s solid-state battery division explore in energy storage?

The division intends to explore opportunities in solid-state battery module structural components and energy storage system supporting components. According to Hongli Group, it will also assess lightweight battery pack materials and other advanced material applications related to solid-state battery technologies.