Welcome to our dedicated page for Sunrise New news (Ticker: EPOW), a resource for investors and traders seeking the latest updates and insights on Sunrise New stock.
Sunrise New Energy (EPOW) delivers innovative graphite anode solutions for lithium-ion batteries through sustainable manufacturing processes. This news hub provides investors and industry stakeholders with essential updates on operational milestones, technological advancements, and market positioning.
Access authoritative reporting on EPOW's financial results, production expansions, and R&D breakthroughs in energy storage materials. Our curated news collection covers strategic partnerships, manufacturing efficiency gains, and emerging applications for the company's cost-competitive anode products.
Key updates include earnings announcements, facility developments at the renewable-powered joint venture plant, and innovations in artificial graphite formulations. Track how EPOW's low-cost production model and material science expertise address evolving demands in electric vehicle and renewable energy storage markets.
Bookmark this page for verified updates on Sunrise New Energy's progress in scaling sustainable battery material production while maintaining rigorous quality standards. Regular updates ensure you stay informed about critical developments shaping the company's role in advanced energy solutions.
Sunrise New Energy has delivered 5,800 tons of energy storage material to Xiamen HiTHIUM, a global leader in energy storage battery manufacturing. This delivery is part of a larger 25,000-ton order. Starting June 2024, Sunrise will deliver 2,500 tons monthly to fulfill the order. The company emphasizes high quality and efficiency in production. Sunrise has also launched a 24/7 live broadcast on its website for real-time monitoring of its operations. Xiamen HiTHIUM, ranked among the top five in energy storage battery shipments in 2023, chose Sunrise as a core supplier, highlighting its product quality. Chairman Haiping Hu noted this milestone furthers their commitment to meeting global needs and sustainability.
Sunrise New Energy announced that its subsidiary, Sunrise (Guizhou) New Energy, has been selected for the 2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property funding list. This selection was made by the Guizhou Provincial Market Supervision Administration on June 17, 2024. The recognized project, 'Preparation Method of Lithium-Ion Battery Anode Material' (Patent No. ZL202210400775.2), addresses the critical issue of balancing power performance and initial efficiency in graphite composite materials. This innovation enhances high-energy-density fast-charging batteries, holding significant market potential. The company has generated approximately $100 million in sales revenue since 2022 by leveraging this patent in collaboration with major battery manufacturers like CATL and BYD.
Sunrise New Energy has been recognized as one of the first 'Specialized, Refined, Unique, and Innovative Small and Medium Enterprises' for 2024 by the Guizhou Provincial Department of Industry and Information Technology. This designation underscores the company's leadership and competitive edge in producing high-performance, low-energy consumption, and stable-quality lithium battery anode materials. In two years, Sunrise New Energy has significantly increased its production and sales volumes, bolstering its position among top anode material companies in China. The company aims to further invest in R&D, enhance technological innovation, and improve product quality, while expanding both domestic and international markets and strengthening collaboration within the industry.
Sunrise New Energy, a leading EV battery material manufacturer, reported an 18.16% revenue growth in 2023, increasing from $38.1 million to $45.1 million. The company also saw a significant rise in patents, from 11 to 27, a 145.45% increase. The company expects a revenue increase of 38.58%, reaching $62.5 million in 2024. Despite a net loss of $24.2 million due to market competition and surplus capacity, Sunrise anticipates a reduction in losses in 2024 as the industry recovers. The company's graphite anode material, which accounts for 98.52% of its revenue, saw customer growth from 16 to 23, and volume growth from 6,225 tons to 12,513 tons. R&D expenses also increased by 13.21%, supporting continuous innovation.
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