Proposed Partnership Supports the Company's ongoing Strategic Shift Toward Clean Energy and Energy Storage Solutions WEIFANG, China, June 15, 2026 /PRNewswire/ -- Hongli Group Inc. (Nasdaq: HLP) (the "Company" or "Hongli Group"), a cold roll formed steel profile manufacturer, today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") with Sidus Energy Storage, Inc. ("Sidus"), a California-based battery technology company, to explore a potential strategic manufacturing collaboration relating to advanced battery and energy storage products targeting the high-growth North American and European energy storage markets. This proposed collaboration represents a further step in Hongli Group's clean energy evaluation.
