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Sunrise New Energy Announces New Customer Win of HiTHIUM, Which Ranked First in China’s Energy Storage Battery Manufacturers
ZIBO, China, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced a new
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[{"type":"text","content":"ZIBO, China, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced a new customer win of Xiamen HiTHIUM Energy Storage Technology Co., Ltd. ( “HiTHIUM”). HiTHIUM is a leading manufacturer of top quality stationary energy storage products for utility-scale, commercial, and industrial applications. HiTHIUM ranked first in China’s energy storage market in terms of the number of projects supplied in 2022, and it also supplied top-shelf stationary energy storage products in Europe and worldwide. HiTHIUM recently achieved a valuation exceeding 4.1 billion USD in its latest funding round in July 2023. More information about HiTHIUM can be found at the company’s website at https://hithium.com/en/about-us. HiTHIUM sets stringent requirements for product quality from its suppliers. In a highly competitive bidding process, which included the participation of all of China's top five anode material manufacturers, Sunrise emerged as one of the three successful bidders. This order represents an initial small-scale validation order aimed at establishing a solid business relationship. Both Sunrise and HiTHIUM have high expectations for significant future expansion in their collaboration. Sunrise has made breakthroughs in both electric vehicle power battery and energy storage battery materials. The order from HiTHIUM marks that Sunrise’s recognized by leading energy storage battery manufacturers. Previously, Sunrise had received orders from leading power battery companies such as CATL and BYD. “We are thrilled to announce this major customer win. HiTHIUM is a very well-respected company in energy storage batteries, and we look forward to a long and prosperous relationship together.” said Sunrise’s Chairman, Mr. Haiping Hu. “ We anticipate to enter a comprehensive era of energy storage in the next three years, encompassing global energy storage, industry-wide energy storage, and residential energy storage. Energy storage will expand on an unprecedented scale, at an accelerated pace, and with broader coverage worldwide. We expect that the rapid growth in orders from energy storage battery manufacturers will drive remarkable financial growth for Sunrise.” About Sunrise New Energy Co., Ltd Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., ...