Jul. 23 at 7:01 PM
$ELPW The
$66 million order has not disappeared or been cancelled. Instead, ELPW states in its 20-F filing:
The order valued at RMB 480 million (approx.
$67.6 million) remains in place.
Delivery, originally scheduled for October 2024, has been postponed because the customer is still awaiting government approvals.
According to the company, delivery is now expected to begin in June 2026, subject to receipt of the approvals.
The second order, worth approximately
$11 million, also remains active:
The prototypes were successfully qualified in 2025.
ELPW has commenced initial commercial deliveries and has already generated revenue from them—albeit limited amounts so far.
