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Sunrise New Energy Announces Delivery of Over 3,000 Tons to Narada Power by End of September, Driving Significant Revenue Growth
ZIBO, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that
About this update from E-power Inc.
[{"type":"text","content":"ZIBO, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that Sunrise (Guizhou) New Energy Materials Co., Ltd. has successfully delivered over 3,000 tons of products to Narada Power from January to September 2023. Sunrise has become a strategic supplier for Narada Power since April 2022, following a rigorous selection process. In 2022, we supplied 1,200 tons of products, and we anticipate reaching an annual supply of 5,000 tons in 2023 and a remarkable 8,000 tons in 2024. Becoming a strategic supplier for Narada Power has brought predictable and sustained revenue growth for the Company. “Being a supplier to the most renowned enterprises in the electric vehicle and energy storage markets, I am proud to announce that Sunrise has made significant strides as a leading player in these two key sectors of lithium battery industry. Our esteemed customers include CATL, BYD, Narada Power, and HiTHIUM. ” said Sunrise’s Chairman, Mr. Haiping Hu. “ We dedicated to advancing battery technologies and contributing to a sustainable and greener future.” About Narada Power Narada Power is a globally recognized leader in the energy storage battery industry, with over 15 years of experience. As a public traded company, its market capitalization is approximately $1.65 billion. consistently ranks among the top suppliers in BloombergNEF's \"Global Energy Storage Battery Suppliers\" list and has established strong partnerships with industry giants worldwide with a signed contract capacity of approximately 10 GWh as of 2023. Narada Power has cooperated with European Power, Electricité de France (EDF), and American Energy Company. Additionally, its customers include Yuneng Holdings, China Energy Engineering Corporation (CEEC), and China Energy Investment Corporation. About Sunrise New Energy Co., Ltd Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture is constructing a 260,543 ㎡manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite an...