DOVER, USA, March 25, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power”, the “Company”, “we” or “our”) (NASDAQ: EPOW), a global leader in energy storage battery anode materials and integrated microgrid solutions, today announced a significant milestone in its global expansion strategy following a successful high-level site inspection of the ATSC SOLARTECH facility in Hung Yen Province, Vietnam. This initiative aligns with the Company’s "Closed-Loop" industrial ecosystem, focusing on localized production to s ...

Core Insights - E-Power Inc. has secured a long-term supply contract for anode materials with a leading global lithium-ion battery technology partner and plans to co-invest in a new production facility in Indonesia [1][2][3] Company Overview - E-Power Inc. is headquartered in Zibo, Shandong Province, China, and specializes in manufacturing graphite anode materials for lithium-ion batteries [4] - The company is constructing a manufacturing plant in Guizhou Province with a production capacity of 50,000 tons and utilizes renewable energy sources to minimize environmental impact [4] Strategic Developments - The partnership with a top-tier battery manufacturer highlights E-Power's competitive cost structure and product reliability, which are critical in the high-stakes bidding process [2] - The proposed 30,000-tonne facility in Indonesia aims to enhance localized production, leveraging regional resources to create a resilient and cost-efficient supply chain for automotive and energy sectors [3]

Core Viewpoint - Northern Graphite's decision to build a $200-million battery material plant in Saudi Arabia highlights the need for Canadian and French governments to provide incentives to retain similar projects domestically [1][3]. Group 1: Project Details - Northern Graphite has partnered with Al Obeikan Group for Investment to construct and operate the facility in Saudi Arabia, with construction expected to begin in the second half of the year after a feasibility study [2]. - The Saudi plant will have an initial capacity of 25,000 tonnes per year, with supply sourced from the Okanjande mine in Namibia, which is expected to start producing graphite concentrate in 2028 [5][7]. - The restart of the Okanjande mine is projected to cost approximately $35 million, with an expected annual output of 31,000 tonnes over a 10-year lifespan [8]. Group 2: Strategic Implications - The Saudi venture is prioritized over previously planned projects in Canada and France, emphasizing the urgency for those regions to enhance their competitive landscape [3][4]. - The partnership aligns with Saudi Arabia's Vision 2030, focusing on reducing oil dependency and advancing manufacturing and energy transition technologies [10][11]. - The Saudi government is expected to fund 50-75% of the project through the Saudi Industrial Development Fund, facilitating rapid progress due to short permitting timelines [12]. Group 3: Market Positioning - Northern Graphite aims to establish a fully integrated supply chain between Namibia and Saudi Arabia, positioning itself as a first mover in the market for graphite anode materials, crucial for lithium-ion batteries [6][7]. - Negotiations for a long-term offtake agreement for 25,000 tonnes per year with global battery manufacturers are well advanced, indicating strong market demand [7].

Core Insights - Sunrise New Energy Co., Ltd. has signed an anode material supply agreement with Xiaolu Lithium, with an expected supply of approximately 3,000 tons of anode materials starting in 2026, valued at around USD 11 million [1] - The anode materials are intended for high-rate discharge applications, particularly for unmanned aerial vehicles (UAVs) and energy storage systems, indicating a new revenue growth opportunity for the company [1][3] - Xiaolu Lithium specializes in sodium-ion and lithium-ion batteries, with products used in various applications including power tools and smart home devices, and has a global export reach to over 30 countries [2] Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and focuses on manufacturing graphite anode material for lithium-ion batteries [5] - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing renewable energy sources to minimize environmental impact [5] - The management team comprises industry experts with extensive experience in the graphite anode sector, enhancing the company's competitive edge [5] Market Position and Future Outlook - The agreement with Xiaolu Lithium reflects the recognition of Sunrise's technological capabilities and product reliability in high-rate discharge applications [3] - The company aims to leverage its R&D expertise and manufacturing capabilities to capture market opportunities in high-performance battery applications and diversify its customer base [4] - As sodium-ion batteries gain traction, Sunrise anticipates increased shipment volumes through collaborations with high-quality customers [3]

Core Insights - Sunrise New Energy Co., Ltd. has received USD 345,000 in funding for its Solid-State Battery and Key Materials Pilot Development Project, approved by the Guizhou Provincial Department of Science and Technology [1][2] Group 1: Funding and Project Approval - The funding approval underscores the provincial authority's recognition of Sunrise's technical strength and capabilities in solid-state battery materials [2] - The pilot project aims to validate and refine engineering processes for high-performance anode materials, crucial for scaling laboratory innovations into industrial applications [3] Group 2: Strategic Positioning and Market Impact - This funding will enhance Sunrise's competitive position in the solid-state battery materials sector and expand its role in the next-generation energy storage supply chain [4] - The company plans to continue advancing research and development, pilot testing, and future mass production to strengthen its position in the global market for solid-state battery materials [4] Group 3: Company Background - Sunrise New Energy Co., Ltd. is based in Zibo, Shandong Province, China, and focuses on manufacturing graphite anode material for lithium-ion batteries [5] - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing renewable energy sources to minimize costs and environmental impact [5]

Core Insights - Sunrise New Energy Co., Ltd. is establishing a 1GW lithium battery pack project in the United States through its subsidiary, Alchemistica Incorporated, to meet the growing demand for energy storage batteries in North America [1][3] - The project will be led by Mr. Haiping Hu, the founder and CEO, who brings extensive experience in battery pack production and market expansion [2] - The initiative aims to create synergies between the company's upstream anode material business and downstream battery applications, enhancing sales of graphite anode materials and fostering a new energy ecosystem in North America [3] Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and specializes in manufacturing graphite anode materials for lithium-ion batteries [4] - The company has a joint venture that operates a manufacturing facility in Guizhou Province, China, with a production capacity of 50,000 tons, utilizing renewable energy sources for low-cost and environmentally friendly production [4] - Mr. Haiping Hu has been a pioneer in the graphite anode industry in China since 1999, supported by a management team with significant industry experience [4]

Company Overview - Sunrise New Energy Co., Ltd. is a leading innovator in graphite anode materials, headquartered in Zibo, Shandong Province, China [10] - The company has a joint venture that has completed a manufacturing facility with a production capacity of 50,000 tons in Guizhou Province, utilizing inexpensive renewable energy [11] Recent Developments - The company has officially commenced construction of a new 20,000-ton high-end graphite anode material production line, representing a total planned investment of approximately USD 64 million [1][2] - This new facility is designed to meet the surging demand from leading lithium-ion battery manufacturers and will incorporate key processes such as pre-carbonization and high-temperature carbonization [2] Financial Performance - Sunrise has shown explosive growth in revenue, reaching $38.13 million, $45.05 million, and $64.99 million in 2022, 2023, and 2024 respectively, with year-over-year growth rates of 414.57%, 18.16%, and 44.28% [3] - The company expects its graphite anode shipments to reach 40,000–50,000 tons in 2025, up from 28,200 tons in 2024, with the new production line expected to contribute approximately USD 110 million in annual revenue and USD 16 million in annual profit [4] Market Trends - The lithium battery and energy storage industries are experiencing robust recovery, driven by strong EV sales growth and faster-than-expected expansion in global energy storage [5] - CATL, a key customer of Sunrise, has raised its 2026 procurement guidance to 1,100 GWh, a substantial 46% increase from previous forecasts, indicating strong market demand [5] Strategic Positioning - The launch of the new production line is a strategic move to alleviate current capacity constraints and capitalize on favorable industry trends [6] - Sunrise's planned capacity expansion includes a total planned capacity of 100,000 tons in Guizhou and a 210,000-ton project in Fuyang, Anhui Province, laying a solid foundation for future growth [7] Recognition and Support - Sunrise's Guizhou base has received USD 0.6 million in funding from the Central-Guided Local Science and Technology Development Fund, highlighting the company's leadership in advanced synthetic graphite innovation [8]