Hongli Group in talks to acquire 20% stake in Xell Energy
HLP•Hongli Group is negotiating to acquire a 20% equity interest in battery manufacturer Xell Energy from existing stockholders. The proposed purchase follows a non-binding memorandum of understanding signed in June 2026, and remains subject to a definitive agreement, closing conditions and required approvals.
1. Proposed stake purchase
Hongli Group is negotiating to acquire a 20% equity interest in battery manufacturer Xell Energy from existing stockholders. The proposed purchase follows a non-binding memorandum of understanding signed in June 2026 to explore a strategic manufacturing collaboration. Completion remains subject to a definitive agreement, closing conditions and required approvals.
