
WEIFANG, China, Oct. 30, 2026 /PRNewswire/ -- Hongli Group Inc. (the "Company") (Nasdaq: HLP), a cold roll-formed steel profile manufacturer advancing its strategic transition into high-growth clean energy sectors, today provided an update on its discussions regarding a proposed strategic investment in Xell Energy, Inc.( "Xell Energy"), formerly known as Sidus Energy Storage, Inc., an innovator in advanced battery manufacturing and energy storage solutions. As previously announced, the Company entered into a non-binding Memorandum of Understanding with Xell Energy in June 2026 to explore a potential strategic manufacturing collaboration.










