Sunrise New Energy Seals $29 Million Supply Deal for Graphite

Sunrise New Energy's Strategic $29 Million Supply Agreement

DOVER, USA – Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) proudly announces a significant milestone achieved by its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd. This achievement unfolds through a one-year supply contract established with China Sodium Times (Shenzhen) New Energy Technology Co., Ltd., a notable player in the lithium battery PACK manufacturing sector.

The Contract Details and Implications

The recently signed contract entails Sunrise (Guizhou) delivering an impressive 10,000 tons of artificial graphite anode materials over the next year, culminating in a total value of around USD 29 million. This substantial agreement not only highlights the growing demand for advanced battery materials but also reinforces Sunrise’s pivotal role as a trusted supplier to leading battery and energy storage manufacturers.

CEO's Perspective on the Agreement

Haiping Hu, the founder and CEO of Sunrise, voices his enthusiasm regarding this partnership, stating, "This agreement not only reflects the high quality and competitiveness of Sunrise’s products but also represents a significant milestone in expanding cooperation with leading battery PACK enterprises. We believe that the smooth execution of this contract will further bolster our market share and enhance profitability." This sentiment echoes the company’s commitment to meeting market needs effectively.

About Sunrise New Energy Co., Ltd.

Located in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd. is a leader in producing and distributing graphite anode materials specifically for lithium-ion batteries. The company's joint venture has successfully built a state-of-the-art manufacturing facility in Guizhou Province, boasting a production capacity of 50,000 tons. Utilizing cost-effective, renewable electricity sources allows Sunrise to maintain low operational costs while minimizing environmental impact, positioning the company as a competitive force in the industry.

The Leadership and Vision Behind Sunrise

Haiping Hu, a pioneering figure in the graphite anode industry since 1999, leads a management team packed with experienced experts who have established strong reputations in this field. Their combined experience and innovative strategies have positioned Sunrise to adapt dynamically to market trends and customer demands.

Growing Industry Opportunities

As the electric vehicle market expands and the demand for efficient energy storage solutions rises, the role of materials like artificial graphite is more significant than ever. Sunrise’s relentless pursuit of innovation ensures that its products meet the high standards necessary for performance in modern batteries.

Contact Information for Further Inquiries

For additional details or queries regarding Sunrise New Energy Co., Ltd., individuals can reach the Investor Relations Department:

Email: IR@sunrisenewenergy.com

Phone: +86 4009919228

Frequently Asked Questions

What is the value of the contract announced by Sunrise?

The contract is valued at approximately USD 29 million for the supply of artificial graphite anode materials.

Who is Sunrise New Energy partnering with for this contract?

Sunrise New Energy has partnered with China Sodium Times (Shenzhen) New Energy Technology Co., Ltd., a major lithium battery PACK manufacturer.

What material will Sunrise supply under the contract?

Sunrise will supply 10,000 tons of artificial graphite anode materials over the course of one year.

Where is Sunrise New Energy based?

Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China.

What is the production capacity of Sunrise's facility in Guizhou?

The manufacturing facility in Guizhou Province has a production capacity of 50,000 tons of graphite anode materials.

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