Sunrise New Energy Announces Factory Inspection Passed and Order Delivery to CATL, the World’s Largest EV Battery Manufacturer
August 14 2023 - 9:25AM
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 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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