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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."
Posted In: EPOW
