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

Core Insights - Sunrise New Energy Co., Ltd. has signed a one-year supply contract with China Sodium Times for 10,000 tons of artificial graphite anode materials, valued at approximately USD 29 million, indicating strong market demand for its products [1][2]. Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and specializes in manufacturing and selling graphite anode materials for lithium-ion batteries [3]. - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing inexpensive renewable energy, positioning itself as a low-cost and environmentally friendly producer [3]. Market Position - The contract with China Sodium Times enhances Sunrise's position as a key supplier to battery and energy storage manufacturers, reflecting the high quality and competitiveness of its products [2][3]. - The CEO of Sunrise expressed confidence that the execution of this contract will improve the company's market share and profitability [3].