UAV Technology
Search documents
Sunrise New Energy Signs USD 30 Million Annual Supply Contract, Accelerating Expansion into High-Growth Energy Storage and UAV Battery Markets
Globenewswire· 2025-12-02 20:30
Core Insights - Sunrise New Energy Co., Ltd. has signed a sales contract with Guizhou Jiaying Technology Co., Ltd. to supply 10,000 tons of synthetic graphite anode materials over one year, valued at approximately USD 30 million [1][2] Group 1: Business Strategy and Market Position - The contract is a strategic move to expand Sunrise's graphite anode business into higher-value applications such as grid-scale energy storage systems and UAV power solutions [2][3] - The partnership with Jiaying allows Sunrise to diversify its customer base and capitalize on multi-year investment cycles in global energy storage and UAV technologies [3][4] Group 2: Financial and Operational Impact - The agreement is expected to contribute significantly to revenue and enhance visibility into the company's order book over the next 12 months [2][4] - Increased production and shipment under the contract will lead to higher capacity utilization at Sunrise's Guizhou facility, improved operating leverage, and potential margin expansion [6] Group 3: Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and operates a manufacturing facility in Guizhou with a production capacity of 50,000 tons [5] - The facility utilizes inexpensive renewable energy, positioning Sunrise as a low-cost and environmentally friendly producer of graphite anode materials [5][6]