Elong Power shares surge 94.26% intraday after completing $7.6M public offering to expand sales and production.

Elong Power surged 94.26% intraday, having completed a $7.6 million public offering on February 3, 2026, to fund general company purposes, sales network expansion, and production capacity enhancement. The company specializes in the R&D, manufacturing, and sales of high-power lithium-ion batteries for commercial and specialty alternative energy vehicles and energy storage systems, covering cells, modules, and system integration.