Business
Sunrise Secures New Key Client with Significant Order
ZIBO, China, June 25, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today
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[{"type":"text","content":"ZIBO, China, June 25, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the acquisition of a significant new client, Times Geely (Sichuan) Power Battery Co., Ltd. (\"Times Geely\"), which will commence with a substantial monthly order of 300 tons of anode materials for power batteries. Times Geely is a joint venture between CATL(Contemporary Amperex Technology Co., Ltd.), the world's largest power battery manufacturer and the global market share leader for seven consecutive years, and Zhejiang Geely Holding Group, a Fortune 500 auto manufacturer for eleven consecutive years. As a renowned manufacturer of electric vehicle batteries, Times Geely's decision to place a new order underscores the high quality of Sunrise's lithium battery anode materials. “We are extremely proud to welcome Times Geely as a key client. Its recognition is expected to significantly enhance our performance and market presence.” stated Mr. Haiping Hu, Chairman of Sunrise New Energy, “This new order from a prestigious client like Times Geely not only underscores the reliability and excellence of Sunrise’s products but also sets the stage for substantial future growth and revenue.” 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 has completed the construction of a manufacturing facility with a production capacity of 50,000 tons 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 strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company maintains a Twitter account (@sunrisenewener1) to keep investors up to dat...