Sunrise New Energy Secures 10,000 Tons Incremental Order from Existing Customer Narada Power for 2024, 3 Times the Order for 2023
11 Dezembro 2023 - 11:42AM
Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or
“our”) (NASDAQ: EPOW), today announced that Narada Power, a leading
player in the energy storage industry, has placed an incremental
order for 10,000 tons of anode materials for the upcoming year,
further solidifying their cooperation.
Having successfully undergone a rigorous
selection process, Sunrise emerged as one of the core suppliers for
Narada Power, outstanding from fierce competition in previous
bidding rounds. Sunrise is on track to fulfill the delivery of
3,500 tons of products to Narada Power as of the end of 2023. The
latest order from Narada Power, amounting to 10,000 tons for 2024,
demonstrates its continued trust and reliance on Sunrise's
expertise and products.
"This order marks a significant milestone for
our company, as it signifies a substantial increase in sales
revenue. The strengthened cooperative relationship with Narada
Power solidifies Sunrise's position as a trusted supplier. " Mr.
Haiping Hu, the Chairman of Sunrise stated, "We have always been
dedicated to providing high-quality materials to top-tier companies
in the power battery and energy storage battery sectors. Since
2023, we have made significant strides in supplying our core
customers. In the coming year, we are confident in expanding our
collaboration with renowned industry leaders like CATL, BYD, and
Narada, further bolstering our financial indicators and
profitability."
About Narada Power
Narada Power is a globally recognized leader in
the energy storage battery industry.Since established in 1994, it
has achieved large-scale applications of independent energy storage
plants, hybrid energy systems, and integrated management of
generation, grid, and load in multiple scenarios. As a public
traded company, its market capitalization is approximately $1.54
billion as of December 11, 2023. Narada consistently ranks among
the top suppliers in BloombergNEF's "Global Energy Storage Battery
Suppliers" list and has established strong partnerships with
industry giants worldwide with a signed contract capacity of
approximately 10 GWh as of 2023. Narada Power has cooperated with
European Power, Electricité de France (EDF), and American Energy
Company. Additionally, its customers include Yuneng Holdings, China
Energy Engineering Corporation (CEEC), and China Energy Investment
Corporation.
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
DepartmentEmail: IR@sunrisenewenergy.comPhone: +86
4009919228
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