Sunrise Signs $29 Million Supply Contract for 10,000 Tons of Artificial Graphite Anode Materials

Rhea-AI Summary

Sunrise (NASDAQ: EPOW) announced on Oct 2, 2025 that its subsidiary Sunrise (Guizhou) signed a one-year supply contract with China Sodium Times (Shenzhen) to deliver 10,000 tons of artificial graphite anode materials for a total value of approximately USD 29 million.

The agreement runs for one year and highlights demand for Sunrise's advanced anode products and strengthened supplier relationships with downstream battery PACK manufacturers.

Positive

• Contract value $29M for one year
• 10,000 tons of artificial graphite anode materials committed
• Binding supply agreement with a leading PACK manufacturer

Negative

• One-year term limits revenue visibility beyond 2026
• Single named buyer increases short-term counterparty concentration risk

DOVER, USA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW) today announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has entered into a one-year supply contract with China Sodium Times (Shenzhen) New Energy Technology Co., Ltd., a leading lithium battery PACK manufacturer.

Under the agreement, Sunrise (Guizhou) will supply 10,000 tons of artificial graphite anode materials over the course of one year, with a total contract value of approximately USD 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 and CEO of Sunrise. “We are confident that the stable execution of this contract will further enhance our market share and profitability.”

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 has completed the construction of a manufacturing facility with a production capacity of 50,000 tons 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.

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 published on the SEC’s website. In view of the above and other related reasons, we urge investors to visit the SEC’s website and consider 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 unless required by law.

For more information, please contact:

The Company:

IR Department

Email: IR@sunrisenewenergy.com

Phone: +86 4009919228

FAQ

What did Sunrise (EPOW) announce on October 2, 2025?

Sunrise announced a one-year supply contract to deliver 10,000 tons of artificial graphite anode materials worth approximately $29 million.

Who is the buyer in the Sunrise (EPOW) $29M contract announced Oct 2, 2025?

The buyer is China Sodium Times (Shenzhen) New Energy Technology, a lithium battery PACK manufacturer.

How much product will Sunrise (EPOW) supply under the Oct 2025 contract?

Sunrise will supply 10,000 tons of artificial graphite anode materials over one year.

What is the duration and value of Sunrise's (EPOW) Oct 2, 2025 agreement?

The agreement is for one year with a total contract value of approximately $29 million.

How does the $29M Sunrise (EPOW) deal affect its market position?

The press release states the deal strengthens Sunrise's role as a key supplier to downstream battery and energy storage manufacturers.