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Sunrise New Energy Announces Factory Inspection Passed and Order Delivery to CATL, the World’s Largest EV Battery Manufacturer
ZIBO, China, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that
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[{"type":"text","content":"ZIBO, China, Aug. 14, 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 passed rigorous and detailed on-site inspection by CATL (Contemporary Amperex Technology Co.,Ltd.) and started monthly bulk delivery on August 8. CATL is the largest volume EV battery manufacturer in the world and also builds lithium-ion batteries for use in energy storage and commercial applications. CATL trades on the Shenzhen Stock Exchange and has a market capitalization of over $141 billion and annual sales exceeding $45 billion. CATL has rigorous inspection procedures for suppliers, and it has assigned experts on site for months at Sunrise’s manufacturing plant in Guizhou Province. These experts investigated the manufacturing methods and quality control as well as tested the finished product of Sunrise on an ongoing basis and has given the Company top marks on the assessment. The Company has shipped 30 tons of graphite anode to CATL last week, and it will provide 80,000 tons of products to CATL over the next two years. “I am extremely proud of the work of our entire team in the relentless pursuit of perfection that led to this factory inspection pass,” said Sunrise’s Chairman, Mr. Haiping Hu. “ I admire CATL for its innovation and leadership in the EV battery market. CATL demands the highest quality from its suppliers. The stable supply of products to CATL in the coming years will bring us significant increase in revenue, and we look forward to a long and prosperous relationship together.” 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 anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with years of experiences and str...