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Highlights

  • Sunrise signs a one-year supply agreement to provide 10,000 tons of artificial graphite anode materials.
  • The contract with China Sodium Times is worth around USD 29 million.
  • This arrangement ensures continued delivery of materials to lithium battery PACK producers and energy storage sectors.

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) stated that its subsidiary, Sunrise New Energy Materials Co., Ltd., has entered into a one-year supply agreement with China Sodium Times New Energy Technology Co., Ltd., a lithium battery PACK manufacturer. The contract covers the delivery of 10,000 tons of artificial graphite anode materials over the year, with an estimated total value of approximately USD 29 million.

The arrangement establishes a structured framework for delivering graphite anode materials to support lithium-ion battery production and energy storage requirements. Deliveries will be made throughout the year based on mutually agreed schedules.

Management Commentary

Haiping Hu, Founder and CEO of Sunrise, commented:
 “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 are confident that the stable execution of this contract will further enhance our market share and profitability.”

Company Overview

Based in Zibo, Shandong Province, Sunrise New Energy Co., Ltd. focuses on producing and distributing graphite anode materials for lithium-ion batteries. Founded in 1999 by Haiping Hu, the company has been actively involved in the development of China’s graphite anode industry.