Sunrise New Energy - EPOW
eröffnet am 23.11.22 22:41:07 von
neuester Beitrag 28.09.23 17:14:02 von
neuester Beitrag 28.09.23 17:14:02 von
Beiträge: 11
ID: 1.365.014
ID: 1.365.014
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Gesamt: 5.060
Gesamt: 5.060
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ISIN: KYG3932F1063 · WKN: A3DFAM · Symbol: EPOW
0,7200
USD
-2,57 %
-0,0190 USD
Letzter Kurs 20:53:18 Nasdaq
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Werte aus der Branche Elektrogeräte
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,1400 | +1.040,00 | |
| 0,8780 | +83,38 | |
| 1,2000 | +63,27 | |
| 20,500 | +36,21 | |
| 3,9725 | +15,65 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,5501 | -12,82 | |
| 1.215,10 | -15,34 | |
| 1,3770 | -16,39 | |
| 0,9199 | -25,21 | |
| 93,68 | -51,34 |
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https://stockhouse.com/news/press-releases/2023/05/16/sunris…
Die financials können über den link eingesehen werden.
Sunrise New Energy Revenue Announces Financial Results for Fiscal Year 2022 Featuring 415% Revenue Growth to a New Record
EPOW | 21 hours ago
ZIBO, China, May 16, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announces financial results for the fiscal year ended December 31, 2022.
Chairman's Vision: Charting the Course Ahead
"I am immensely proud to announce our financial results for 2022," said Sunrise's Chairman, Mr. Haiping Hu. "Our revenue growth of 415% from fiscal year 2021 bears testament to the remarkable efforts of our dedicated team. We have quickly emerged as a leading manufacturer of graphite anode, earning the trust and business of the top 3 lithium battery manufacturers and the world's biggest EV manufacturer by volume, BYD. Our commitment to quality and service has positioned us as a trusted partner of our customers in the lithium battery market.
As we look ahead to 2023, our focus is on ramping up our manufacturing capacity to fulfill our customer’s orders efficiently and effectively. I believe strongly in the potential of our company. I consider our stock to be deeply undervalued given our current position and prospects. As a testament to my confidence, I plan to continue purchasing shares in the open market. We have laid a strong foundation for growth, and I am excited about what we can achieve in the years ahead."
Highlight of accomplishments from late-2022 through today:
Significant New Contracts: The Company secured significant new contracts throughout 2022 and 2023, including a $464 million purchase order from a top 5 global EV battery manufacturer and a $225 million contract with BYD. These contracts further strengthen the Company's market position.
Strong Growth in Purchase Orders: The Company has experienced substantial growth in its volume of purchase orders, which now stands at a value of $700 million. This remarkable achievement highlights the Company's success in winning new contracts and solidifying its position in the market.
Strong Financial Backing: By April 30, 2023, the Company has secured credit facilities amounting to approximately $19 million, enabling it to keep up with growing demand and fund its rapid growth.
Confidence from Leadership: The Chairman of Sunrise, Mr. Haiping Hu, demonstrated his confidence in the Company's future by acquiring 20,000 shares of EPOW stock.
Recognition of Sustainability Efforts: In November 2022, the Company was granted a license by the local government for an additional 50,000 metric tons annual production of graphite anode at its plant in Guizhou Province. This approval, which brings the total approved annual production at the plant to 100,000 metric tons, is a testament to the Company's commitment to employing the latest carbon and pollution remediation technologies, aligning with the strict carbon neutral policies implemented by the Chinese government.
Financial Highlights for fiscal year 2022
Revenue Growth: Revenues increased by 415% to $38.1 million, up from $7.4 million in 2021. This increase was mainly due to the Company's launch of graphite anode materials business and offset by the shrink of peer-to-peer knowledge sharing and enterprise service revenue due to the impact of COVID-19.
Operating Loss: The Company reported a net loss from operations of $18.8 million, compared to a loss of $7.4 million in 2021.The Company reported a decrease in gross loss (profit) of $4.9 million for the year ended December 31, 2022 due to the adverse effect of COVID-19 on peer-to-peer knowledge sharing and enterprise service. In addition, operating expenses increased $6.5 million primarily due to higher general and administrative (G&A) expenses associated with the company's expansion into the graphite anode business and impairment of intangible assets associated with peer-to-peer knowledge sharing and enterprise service businesses.
Operating Cash Flow: The Company’s operating cash flow significantly outperformed operating income, with negative cash flow of $9.6 million in 2022 compared to negative cash flow of $5.2 million in 2021.
Cash Balance: At the end of 2022, the Company had cash and cash equivalents of $1.7 million, down from $13.9 million at the end of 2021. Additionally, the Company had $2.6 million in restricted cash.
Die financials können über den link eingesehen werden.
Sunrise New Energy Revenue Announces Financial Results for Fiscal Year 2022 Featuring 415% Revenue Growth to a New Record
EPOW | 21 hours ago
ZIBO, China, May 16, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announces financial results for the fiscal year ended December 31, 2022.
Chairman's Vision: Charting the Course Ahead
"I am immensely proud to announce our financial results for 2022," said Sunrise's Chairman, Mr. Haiping Hu. "Our revenue growth of 415% from fiscal year 2021 bears testament to the remarkable efforts of our dedicated team. We have quickly emerged as a leading manufacturer of graphite anode, earning the trust and business of the top 3 lithium battery manufacturers and the world's biggest EV manufacturer by volume, BYD. Our commitment to quality and service has positioned us as a trusted partner of our customers in the lithium battery market.
As we look ahead to 2023, our focus is on ramping up our manufacturing capacity to fulfill our customer’s orders efficiently and effectively. I believe strongly in the potential of our company. I consider our stock to be deeply undervalued given our current position and prospects. As a testament to my confidence, I plan to continue purchasing shares in the open market. We have laid a strong foundation for growth, and I am excited about what we can achieve in the years ahead."
Highlight of accomplishments from late-2022 through today:
Significant New Contracts: The Company secured significant new contracts throughout 2022 and 2023, including a $464 million purchase order from a top 5 global EV battery manufacturer and a $225 million contract with BYD. These contracts further strengthen the Company's market position.
Strong Growth in Purchase Orders: The Company has experienced substantial growth in its volume of purchase orders, which now stands at a value of $700 million. This remarkable achievement highlights the Company's success in winning new contracts and solidifying its position in the market.
Strong Financial Backing: By April 30, 2023, the Company has secured credit facilities amounting to approximately $19 million, enabling it to keep up with growing demand and fund its rapid growth.
Confidence from Leadership: The Chairman of Sunrise, Mr. Haiping Hu, demonstrated his confidence in the Company's future by acquiring 20,000 shares of EPOW stock.
Recognition of Sustainability Efforts: In November 2022, the Company was granted a license by the local government for an additional 50,000 metric tons annual production of graphite anode at its plant in Guizhou Province. This approval, which brings the total approved annual production at the plant to 100,000 metric tons, is a testament to the Company's commitment to employing the latest carbon and pollution remediation technologies, aligning with the strict carbon neutral policies implemented by the Chinese government.
Financial Highlights for fiscal year 2022
Revenue Growth: Revenues increased by 415% to $38.1 million, up from $7.4 million in 2021. This increase was mainly due to the Company's launch of graphite anode materials business and offset by the shrink of peer-to-peer knowledge sharing and enterprise service revenue due to the impact of COVID-19.
Operating Loss: The Company reported a net loss from operations of $18.8 million, compared to a loss of $7.4 million in 2021.The Company reported a decrease in gross loss (profit) of $4.9 million for the year ended December 31, 2022 due to the adverse effect of COVID-19 on peer-to-peer knowledge sharing and enterprise service. In addition, operating expenses increased $6.5 million primarily due to higher general and administrative (G&A) expenses associated with the company's expansion into the graphite anode business and impairment of intangible assets associated with peer-to-peer knowledge sharing and enterprise service businesses.
Operating Cash Flow: The Company’s operating cash flow significantly outperformed operating income, with negative cash flow of $9.6 million in 2022 compared to negative cash flow of $5.2 million in 2021.
Cash Balance: At the end of 2022, the Company had cash and cash equivalents of $1.7 million, down from $13.9 million at the end of 2021. Additionally, the Company had $2.6 million in restricted cash.
https://quantisnow.com/insight/4386627
EPOW Announces BYD as New Customer, Commences Fulfillment of 37,600 Metric Ton Graphite Anode Order
EPOW Announces BYD as New Customer, Commences Fulfillment of 37,600 Metric Ton Graphite Anode Order
https://stockhouse.com/news/press-releases/2023/02/01/epow-t…
EPOW to Host Business Update Call Thursday February 2nd at 8:30 AM ET to Discuss $700 Million in Supply Contracts
EPOW | 3 hours ago
ZIBO, China, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the company will host a business update conference call tomorrow morning, Thursday February 2nd at 8:30 AM ET to give more detail on its recent wins of two large supply contracts worth a cumulative $700 million based on recent graphite anode pricing.
Participants may join the live Zoom Webinar, during which they can ask the executive team questions, by clicking on this link: https://us02web.zoom.us/webinar/register/WN_c_haylbYTMSZtgMo…
An audio archive will be available shortly after the call on the Sunrise New Energy investor relations page at: http://www.sunrisenewenergy.com/#/ir
“These wins really established us as a leading manufacturer of graphite anode. To put the contracts into perspective, their value is over 8 times our current market capitalization,” said Sunrise New Energy’s Chairman Mr. Haiping Hu. “We are having this call to give investors more details on these supply agreements and on our progress on ramping up manufacturing capacity.”
EPOW to Host Business Update Call Thursday February 2nd at 8:30 AM ET to Discuss $700 Million in Supply Contracts
EPOW | 3 hours ago
ZIBO, China, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the company will host a business update conference call tomorrow morning, Thursday February 2nd at 8:30 AM ET to give more detail on its recent wins of two large supply contracts worth a cumulative $700 million based on recent graphite anode pricing.
Participants may join the live Zoom Webinar, during which they can ask the executive team questions, by clicking on this link: https://us02web.zoom.us/webinar/register/WN_c_haylbYTMSZtgMo…
An audio archive will be available shortly after the call on the Sunrise New Energy investor relations page at: http://www.sunrisenewenergy.com/#/ir
“These wins really established us as a leading manufacturer of graphite anode. To put the contracts into perspective, their value is over 8 times our current market capitalization,” said Sunrise New Energy’s Chairman Mr. Haiping Hu. “We are having this call to give investors more details on these supply agreements and on our progress on ramping up manufacturing capacity.”
https://stockhouse.com/news/press-releases/2023/01/30/epow-w…
EPOW Wins New Contract to Supply $240 Million of Graphite Anode to a Leading Chinese EV Manufacturer
EPOW | 4 hours ago
Brings value of backlog of supply agreements to $700 million
ZIBO, China, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has won a new contract to supply 40,000 metric tons of graphite anode to a leading Chinese EV Manufacturer.
The customer is vertically integrated and manufacturers their own EV batteries. The customer wanted to keep its name private at this point for competitive reasons. The value of the 40,000 ton supply agreement is $240 million based on recent pricing for graphite anode. Sunrise will begin shipping graphite anode under this contract to the customer in March with the total 40,000 tons to be supplied in 2023.
With the addition of this new contact to the $464 million supply agreement announced on December 8, 2022, the backlog of supply agreements for delivery over the next 2 years stands at $700 million.
“This is another huge win for Sunrise and puts us on the map as a leading graphite anode manufacturer,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Our focus in the coming months will be on expanding capacity at our manufacturing plant in Guizhou Province and on operational excellence to fulfill these purchase orders with only the highest quality graphite anode. I have a very high degree of confidence that our team is ready for the busy months ahead.”
EPOW Wins New Contract to Supply $240 Million of Graphite Anode to a Leading Chinese EV Manufacturer
EPOW | 4 hours ago
Brings value of backlog of supply agreements to $700 million
ZIBO, China, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has won a new contract to supply 40,000 metric tons of graphite anode to a leading Chinese EV Manufacturer.
The customer is vertically integrated and manufacturers their own EV batteries. The customer wanted to keep its name private at this point for competitive reasons. The value of the 40,000 ton supply agreement is $240 million based on recent pricing for graphite anode. Sunrise will begin shipping graphite anode under this contract to the customer in March with the total 40,000 tons to be supplied in 2023.
With the addition of this new contact to the $464 million supply agreement announced on December 8, 2022, the backlog of supply agreements for delivery over the next 2 years stands at $700 million.
“This is another huge win for Sunrise and puts us on the map as a leading graphite anode manufacturer,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Our focus in the coming months will be on expanding capacity at our manufacturing plant in Guizhou Province and on operational excellence to fulfill these purchase orders with only the highest quality graphite anode. I have a very high degree of confidence that our team is ready for the busy months ahead.”
Trading Spotlight
https://stockhouse.com/news/press-releases/2023/01/26/epow-p…
EPOW Preannounces 2022 Sales Increase of 410% to $37.8 Million
EPOW | 16 hours ago
Second half 2022 Sales Increase of 1,299% to $27.5 Million
Rapid growth to continue in 2023 driven by recently announced $464 million purchase order
ZIBO, China, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced unaudited preliminary sales numbers for its year ending December 31, 2022, of $37.8 million (RMB261 million), a 410% increase over 2021 sales of $7.4 million.
Preliminary sales numbers unaudited for the second half of 2022 were $27.5 million, an increase of 1,299% over the second half of 2021 sales of $2.0 million. The rapid growth in sales was driven by:
Strong graphite anode market fundamentals driven by rapid growth in sales of EVs with each new EV requiring 60 kilograms of graphite anode
Increasing orders from existing customers
New customer wins, including CATL, Narada, and Pylon Tech
Increased production capacity at Sunrise New Energy’s manufacturing plant in Guizhou Province, reaching a rate of 20,000 metric tons of annual production of graphite anode in late 2022
“I am so proud of the entire team for this incredible accomplishment,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “2023 promises to be an exciting year with continued rapid growth given our recently announced 2-year purchase order worth approximately $464 million which we will begin fulfilling in the coming months. We are also in the final stages of negotiation with a new customer for a large purchase order which we anticipate we will close by the time we announce our full financial results.”
EPOW Preannounces 2022 Sales Increase of 410% to $37.8 Million
EPOW | 16 hours ago
Second half 2022 Sales Increase of 1,299% to $27.5 Million
Rapid growth to continue in 2023 driven by recently announced $464 million purchase order
ZIBO, China, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced unaudited preliminary sales numbers for its year ending December 31, 2022, of $37.8 million (RMB261 million), a 410% increase over 2021 sales of $7.4 million.
Preliminary sales numbers unaudited for the second half of 2022 were $27.5 million, an increase of 1,299% over the second half of 2021 sales of $2.0 million. The rapid growth in sales was driven by:
Strong graphite anode market fundamentals driven by rapid growth in sales of EVs with each new EV requiring 60 kilograms of graphite anode
Increasing orders from existing customers
New customer wins, including CATL, Narada, and Pylon Tech
Increased production capacity at Sunrise New Energy’s manufacturing plant in Guizhou Province, reaching a rate of 20,000 metric tons of annual production of graphite anode in late 2022
“I am so proud of the entire team for this incredible accomplishment,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “2023 promises to be an exciting year with continued rapid growth given our recently announced 2-year purchase order worth approximately $464 million which we will begin fulfilling in the coming months. We are also in the final stages of negotiation with a new customer for a large purchase order which we anticipate we will close by the time we announce our full financial results.”
In Interview by The Wall Street Resource EPOW's Chairman Discusses Roadmap to Becoming a Multi-Billion-Dollar Corporation
EPOW | 1 day ago
ZIBO, China, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Company’s Chairman Mr. Haiping Hu was interviewed by The Wall Street Resource Podcast hosted by Jeff Kone.
In the interview Mr. Hu discusses how the Company won its recently announced $464 million purchase order and his goals to repeat his past success in the graphite anode industry by growing Sunrise into the industry leader and a multi-billion-dollar corporation.
The interview was posted today and is free of cost to all listeners and available at https://thewallstreetresource.com/webcasts/
EPOW | 1 day ago
ZIBO, China, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Company’s Chairman Mr. Haiping Hu was interviewed by The Wall Street Resource Podcast hosted by Jeff Kone.
In the interview Mr. Hu discusses how the Company won its recently announced $464 million purchase order and his goals to repeat his past success in the graphite anode industry by growing Sunrise into the industry leader and a multi-billion-dollar corporation.
The interview was posted today and is free of cost to all listeners and available at https://thewallstreetresource.com/webcasts/
EPOW Receives $464 Million Purchase Order from a Top 5 Global EV Battery Manufacturer
EPOW | 3 days ago
ZIBO, China, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has received a purchase order from a top 5 global EV battery manufacturer for 80,000 metric tons of graphite anode.
The purchase order is for 80,000 tons of graphite anode over 2 years. The approximate value of the purchase order based on current pricing is $464 million. The Company anticipates that it will begin recognizing significant revenue related to this purchase order in February of 2023 as additional production capacity comes online.
As part of the validation process, the customer received shipment of an initial order and was very satisfied with the quality of the graphite anode. The customer also has had a senior scientist on site for the last several weeks at Sunrise New Energy’s manufacturing plant in Guizhou Province. The scientist has investigated the manufacturing methods and quality control as well as tested the finished product of the plant on an ongoing basis and has given the company top marks on his assessment.
“I am extremely proud of the work of our entire team in the relentless pursuit of perfection that led to this large purchase order,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Our customer is a very well-respected leader in the EV battery market and demands nothing but the highest quality from its suppliers. As such, winning such a large purchase order was a huge accomplishment for us.”
“This contract is a great launching pad to accelerate our growth and help us achieve profitability without diluting our shareholders,” continued Mr. Hu. “The $26 million line of credit that we secured last week along with the high margin from this contract will improve our liquidity and allow us to win and fulfill additional large contracts as we move into 2023.”
We would encourage investors new to the Sunrise New Energy Story to listen to a replay of our November 22, 2022, business update which can be found at http://www.sunrisenewenergy.com/#/mp4 in which we discussed many topics including our deal pipeline.
https://stockhouse.com/news/press-releases/2022/12/06/epow-r…
EPOW | 3 days ago
ZIBO, China, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has received a purchase order from a top 5 global EV battery manufacturer for 80,000 metric tons of graphite anode.
The purchase order is for 80,000 tons of graphite anode over 2 years. The approximate value of the purchase order based on current pricing is $464 million. The Company anticipates that it will begin recognizing significant revenue related to this purchase order in February of 2023 as additional production capacity comes online.
As part of the validation process, the customer received shipment of an initial order and was very satisfied with the quality of the graphite anode. The customer also has had a senior scientist on site for the last several weeks at Sunrise New Energy’s manufacturing plant in Guizhou Province. The scientist has investigated the manufacturing methods and quality control as well as tested the finished product of the plant on an ongoing basis and has given the company top marks on his assessment.
“I am extremely proud of the work of our entire team in the relentless pursuit of perfection that led to this large purchase order,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Our customer is a very well-respected leader in the EV battery market and demands nothing but the highest quality from its suppliers. As such, winning such a large purchase order was a huge accomplishment for us.”
“This contract is a great launching pad to accelerate our growth and help us achieve profitability without diluting our shareholders,” continued Mr. Hu. “The $26 million line of credit that we secured last week along with the high margin from this contract will improve our liquidity and allow us to win and fulfill additional large contracts as we move into 2023.”
We would encourage investors new to the Sunrise New Energy Story to listen to a replay of our November 22, 2022, business update which can be found at http://www.sunrisenewenergy.com/#/mp4 in which we discussed many topics including our deal pipeline.
https://stockhouse.com/news/press-releases/2022/12/06/epow-r…
EPOW Receives Line of Credit of $26 Million to Fund Rapid Growth
EPOW | 4 days ago
ZIBO, China, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its joint venture, Sunrise (Guizhou) New Energy Material Co., Ltd. has received a line of credit of RMB190 million, or approximately $26 million.
The line of credit was extended by a syndicate led by Bank of Guizhou and demonstrates the strong local government support for the Company’s graphite anode manufacturing facility. The line of credit will give the Company the working capital needed to further ramp up production to keep up with growing demand.
“This line of credit came at the opportune time as we are in the final stage of negotiations with several top EV battery companies for very large long-term purchase orders of our graphite anode,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “As such, having a line of credit to help fund our rapid growth without dilution to shareholders is a very positive development.”
https://stockhouse.com/news/press-releases/2022/11/29/epow-r…
EPOW | 4 days ago
ZIBO, China, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its joint venture, Sunrise (Guizhou) New Energy Material Co., Ltd. has received a line of credit of RMB190 million, or approximately $26 million.
The line of credit was extended by a syndicate led by Bank of Guizhou and demonstrates the strong local government support for the Company’s graphite anode manufacturing facility. The line of credit will give the Company the working capital needed to further ramp up production to keep up with growing demand.
“This line of credit came at the opportune time as we are in the final stage of negotiations with several top EV battery companies for very large long-term purchase orders of our graphite anode,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “As such, having a line of credit to help fund our rapid growth without dilution to shareholders is a very positive development.”
https://stockhouse.com/news/press-releases/2022/11/29/epow-r…
EPOW Receives Approval for an Additional 50,000 Tons Graphite Anode Production
EPOW | 12 days ago
ZIBO, China, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the local government has granted a license for an additional 50,000 metric tons annual production of graphite anode at its plant in Guizhou Province.
This brings the total approved annual production at the plant to 100,000 metric tons. Due to the very strict carbon neutral policy implemented by the Chinese government, only manufacturing companies that adopt the latest in carbon and pollution remediation technologies can receive this priority approval from the government.
“This is another big achievement from our team, to have designed the plant to be so green that it qualifies for this additional production license,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Although we are currently at a run-rate of 20,000 tons of annual production, we are in negotiations with several large customers about longer-term supply agreements that if we close would require much higher production volumes.”
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 138,000 ㎡ 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 a cumulative decades of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform business. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.
EPOW | 12 days ago
ZIBO, China, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the local government has granted a license for an additional 50,000 metric tons annual production of graphite anode at its plant in Guizhou Province.
This brings the total approved annual production at the plant to 100,000 metric tons. Due to the very strict carbon neutral policy implemented by the Chinese government, only manufacturing companies that adopt the latest in carbon and pollution remediation technologies can receive this priority approval from the government.
“This is another big achievement from our team, to have designed the plant to be so green that it qualifies for this additional production license,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Although we are currently at a run-rate of 20,000 tons of annual production, we are in negotiations with several large customers about longer-term supply agreements that if we close would require much higher production volumes.”
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 138,000 ㎡ 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 a cumulative decades of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform business. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.
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