E-Power Receives RMB 61.8 Million (US$9.2 Million) in Full Payment for Completed Phase of RMB 343 Million Anode Contract
Rhea-AI Summary
E-Power (EPOW) reported completion of the first technical services phase under its RMB 343,473,000 (approximately US$51.2 million) turnkey anode contract with Shandong Fusion New Material and confirmed receipt in full of RMB 61,825,140 (approximately US$9.2 million) on this phase.
The work, executed by subsidiary Shandong Sunrise’s engineering team, covered full process and equipment design and technical consulting for an artificial graphite anode production line with 20,000 tons per year designed capacity and a silicon-carbon anode line with 1,000 tons per year designed capacity. These services total about 18% of the contract value and are fully paid.
Remaining obligations under the contract include equipment manufacture and phased delivery, installation and commissioning, training, testing, environmental auxiliary equipment, spare parts, technical documentation and a 12‑month warranty, leading to trial production and final acceptance at the customer’s Laiwu District project in Jinan, Shandong Province, China.
Positive
- First contract phase completed and paid: RMB 61,825,140 (≈US$9.2 million), about 18% of total RMB 343,473,000 contract value
- Artificial graphite line design: 20,000 tons per year capacity scope valued at RMB 37,474,515 (≈US$5.6 million)
- Silicon-carbon anode line design: 1,000 tons per year capacity scope valued at RMB 24,350,625 (≈US$3.6 million)
- Turnkey contract size: total value RMB 343,473,000 (≈US$51.2 million) with multi-phase deliverables ahead
Negative
- None.
Details
Market Reaction – EPOW
On Sep 23, the day this news came out, the latest delayed price for EPOW is 2.04% below the previous close. Argus tracked a peak move of +14.0% during the session. Our momentum scanner has recorded 4 alerts for this stock so far that day. The latest delayed price is $6.76.
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Key Figures
- Total contract value
- RMB 343,473,000 (approximately US$51.2 million)
- Overall turnkey contract
- Full payment received
- RMB 61,825,140 (approximately US$9.2 million)
- Completed first phase
- First-phase share of contract
- Approximately 18%
- Payment received in full
- Artificial graphite line services
- RMB 37,474,515 (approximately US$5.6 million)
- Design and technical consulting
- Silicon-carbon line services
- RMB 24,350,625 (approximately US$3.6 million)
- Design and technical consulting
- Artificial graphite line capacity
- 20,000 tons per year
- Designed capacity
- Silicon-carbon anode line capacity
- 1,000 tons per year
- Designed capacity
Historical Context
-
Earlier award established the same RMB 343 million turnkey contract and two anode-line scope.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
silicon-carbon anode technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
DOVER, USA, Sept. 23, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a provider of advanced battery materials and AI Data Center (AIDC) microgrid solutions, today announced that its indirectly wholly-owned subsidiary, Shandong Sunrise Technology Co., Ltd. (“Shandong Sunrise”), has completed the equipment process design and technical consulting services required under its turnkey contract with Shandong Fusion New Material Co., Ltd. (the “Customer”), announced on August 27, 2026 (the “Contract”), and has received the associated payment of RMB 61,825,140 (approximately US
The technical services represent the first completed phase of the Contract, which has a total value of RMB 343,473,000 (approximately US
Completed Contract Scope and Consideration
- Artificial Graphite Anode Line: Full process and equipment design and technical consulting services for a fully automated production line with a designed capacity of 20,000 tons per year — RMB 37,474,515 (approximately US
$5.6 million ). - Silicon-Carbon Anode Line: Full process and equipment design and technical consulting services for a production line with a designed capacity of 1,000 tons per year — RMB 24,350,625 (approximately US
$3.6 million ). - Total: RMB 61,825,140 (approximately US
$9.2 million ), representing approximately18% of the total Contract value, received in full.
From Award to Execution
The completion of this work represents the first component of the Contract, with the related services delivered and payment received in full. The remaining obligations required under the Contract include equipment manufacture and phased delivery, on-site installation and commissioning, operator training, testing and environmental auxiliary equipment, spare parts, technical documentation and a 12-month warranty period, culminating in load-bearing trial production and final acceptance at the Customer’s advanced electronic materials project in the Laiwu District of Jinan, Shandong Province, China.
The engagement reflects the Company’s strategy of commercializing process know-how developed through the construction and operation of anode facilities through its joint venture and subsidiaries. The design work delivered under this phase covers both conventional artificial graphite production and silicon-carbon anode material, a next-generation material for high-energy-density batteries.
“The completion of this Contract phase and collection of the full payment is the kind of milestone we said we would report,” said Mr. Haiping Hu, the founder, CEO and Chairman of E-Power Inc. “We believe that design and process engineering is where our accumulated know-how is most directly monetized, and that the completion of this phase provides both our Customer and our shareholders with a concrete measure of execution. We intend to continue to provide updates as the equipment phases of the Contract progress.”
About E-Power Inc.
E-Power Inc., through its subsidiaries, joint venture and variable interest entity structure, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. Through its joint venture, the Company operates a plant in Guizhou Province, China, powered by electricity from renewable sources, which contributes to the plant’s competitive production costs and reduced environmental impact in the production of graphite anode material. Mr. Haiping Hu, the founder, CEO and Chairman of the Company, has been a pioneer in the graphite anode industry since 1999. The Company’s management team is composed of experts with years of experience and successful track records in the graphite anode industry. For further information, please visit the Company’s website at www.sunrisenewenergy.com.
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 the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions, the completion of the remaining phases of the Contract, the timing of equipment manufacture, delivery, installation and acceptance, and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “anticipate,” “should,” “believe,” “expect,” “estimate,” and similar words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or from those expressed or implied by 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, the Company’s ability to complete the remaining phases of the Contract and the timing of equipment manufacture, delivery, installation, commissioning and final acceptance, technological updates, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to place undue reliance on these forward-looking statements, and we urge investors to visit the website of the United States Securities and Exchange Commission to review the Company’s filings for other factors that may affect the Company’s future operating results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For more information, please contact:
The Company: IR Department
Email: IR@sunrisenewenergy.com
Phone: +1 4084890472
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What specific work did E-Power complete in this first phase of the anode contract?
The completed phase covered full equipment process design and technical consulting services for two lines: a fully automated artificial graphite anode production line with a designed capacity of 20,000 tons per year and a silicon-carbon anode material production line with a designed capacity of 1,000 tons per year.
What obligations remain for E-Power under the RMB 343,473,000 turnkey contract?
Remaining obligations include equipment manufacture and phased delivery, on-site installation and commissioning, operator training, testing, environmental auxiliary equipment, spare parts, technical documentation and a 12‑month warranty period, ending with load-bearing trial production and final acceptance at the customer’s advanced electronic materials project in the Laiwu District of Jinan, Shandong Province, China.
How does E-Power describe the strategic role of this design and engineering work?
The company states that design and process engineering are where its accumulated know-how is most directly monetized, and that completing this phase provides the customer and shareholders with a concrete measure of execution. The engagement is described as reflecting E-Power’s strategy of commercializing process know-how developed through constructing and operating anode facilities via its joint venture and subsidiaries.