Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers

Core Viewpoint - Sunrise New Energy Co., Ltd. has reported significant sales growth in the electric vehicle and energy storage sectors, with a 449.8% increase in sales volume in October 2024 compared to October 2023, and a cumulative sales increase of 131.1% from January to October 2024 [1][2]. Sales Performance - In October 2024, the company achieved a sales volume of 3,419 tons, reflecting a remarkable growth rate [1]. - Cumulative sales from January to October 2024 reached 22,476 tons, indicating a substantial increase compared to the same period in 2023 [1]. Partnerships and Market Position - The surge in orders is attributed to partnerships with leading battery manufacturers, including CATL, HiTHIUM Energy Storage, and Pylon Technologies, which are key players in the EV and energy storage markets [2]. - CATL holds approximately 40% of the global market share in the EV and energy storage battery sector [2]. Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and specializes in manufacturing graphite anode material for lithium-ion batteries [4]. - The company has a manufacturing facility with a production capacity of 50,000 tons located in Guizhou Province, utilizing renewable energy sources to minimize environmental impact [4]. - The management team consists of industry experts with extensive experience in the graphite anode sector [4].