Sunrise in US$29 mn graphite anode deal in China

Sunrise New Energy Co has announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co, has entered into a supply contract with China Sodium Times (Shenzhen) New Energy Technology Co, a lithium battery pack manufacturer, to supply 10,000 tonnes of artificial graphite anode materials over the course of one year, with a total contract value of approximately US$29 million.

This long-term contract demonstrates strong market demand for Sunrise’s advanced anode materials and further strengthens its position as a key supplier to downstream battery and energy storage manufacturers.

“This agreement not only reflects the high quality and competitiveness of Sunrise’s products, but also represents a significant milestone in expanding cooperation with leading battery PACK enterprises,” said Haiping Hu, Founder/CEO of Sunrise. “We are confident that the stable execution of this contract will further enhance our market share and profitability.”

Headquartered in Zibo, Shandong Province, China, Sunrise New Energy, 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 tonnes in Guizhou Province, China.