EPOW Secures 25,000 Tons Energy Storage Material Order from HiTHIUM, a Global Leading Energy Storage Battery Manufacturer
07 März 2024 - 3:25PM
Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or
“our”) (NASDAQ: EPOW), today announced the acquisition of a
significant order comprising 25,000 tons of energy storage
materials from Xiamen HiTHIUM Energy Storage Technology Co., Ltd.
(HiTHIUM). This collaboration marks a pivotal moment that Sunrise
has ventured into the thriving energy storage battery materials
market, increasing new avenues for growth and innovation, and
consolidating its existing strength in electric vehicle battery
materials.
Specializing in lithium-ion energy storage,
HiTHIUM's comprehensive portfolio encompasses core materials,
research, development, production, and sales of lithium iron
phosphate energy storage batteries and systems. With a steadfast
commitment to safety, efficiency, and sustainability, HiTHIUM has
established itself as a global leader. In 2023, the global energy
storage cell shipments reached 196.7 GWh, with HiTHIUM accounting
for over 15 GWh. More information about HiTHIUM can be found at the
company’s website at https://hithium.com/en/about-us.
HiTHIUM's decision to select Sunrise for a
25,000-ton initial order not only demonstrates confidence in
Sunrise's products but also heralds a collaborative trend among
upstream and downstream experts in the energy storage industry in
2024. Sunrise's innovative high-energy-density ultra-long-cycle
products, capable of achieving 10,000 cycles, have garnered
recognition from multiple clients. With two clients already in mass
production and nine clients undergoing trials, this initial order
is just the beginning, with a series of subsequent orders expected
to follow suit.
"This partnership represents a strategic
milestone for Sunrise as we embark on a new phase of growth in the
energy storage market," commented Haiping Hu, Chairman of Sunrise.
"By joining forces with HiTHIUM, we are poised to deliver
cutting-edge solutions that meet the evolving needs of our global
customers and contribute to a more sustainable future."
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 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 also maintains a
Twitter account (@sunrisenewener1) to keep investors up to date on
the latest development of the Company.
Forward-looking statement
Certain statements in this press release
regarding the Company's future expectations, plans and prospects
constitute forward-looking statements as defined by Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements about plans, goals, objectives,
strategies, future events, expected results, assumptions and any
other factual statements that have not occurred. Any words that
refer to "may", "will", "want", "should", "believe", "expect",
"expect", "estimate", "estimate" or similar non-factual words,
shall be regarded as forward-looking statements. Due to various
factors, the actual results may differ materially from the
historical results or the contents expressed in these
forward-looking statements. These factors include, but are not
limited to, the company's strategic objectives, the company's
future plans, market demand and user acceptance of the company's
products or services, technological updates, economic trends, the
company's reputation and brand, the impact of industry competition
and bidding, relevant policies and regulations, the ups and downs
of China's macroeconomic conditions, the relevant international
market conditions, and other related risks and
assumptions disclosed in the Company’s Annual Report on Form 20-F..
In view of the above and other related reasons, we advise investors
not to blindly rely on these forward-looking statements, and we
urge investors to visit the SEC’s website to consult the
company's relevant documents for other factors that may affect the
company's future operating results. The company is under no
obligation to make public amendments to changes in these
forward-looking statements due to specific events or reasons unless
required by law.
For more information, please contact:
The Company: IR Department Email: IR@sunrisenewenergy.com
Phone: +86 4009919228
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