DOVER, USA, Oct. 26, 2026 (GLOBE NEWSWIRE) — E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a provider of advanced battery materials and AI Data Center (AIDC) microgrid solutions, today announced that its joint venture, Sunrise (Guizhou) New Energy Materials Co., Ltd. (“Sunrise Guizhou”), has received RMB 110 million (approximately US$16.5 million) of the RMB 200 million (approximately US$30.0 million) capital increase subscribed by Jieshou Xinyang Zhanxin Equity Investment Fund Partnership (Limited Partnership) (the “Investor”).
The corresponding change in registered capital was recorded with the local administration for market regulation on July 29, 2026, increasing Sunrise Guizhou’s registered capital from RMB 321.41 million to RMB 341.05 million. Following that registration, the Investor holds 5.7592% of Sunrise Guizhou’s registered capital. The remaining RMB 90 million (approximately US$13.5 million) remains to be funded, which would bring the Investor’s interest to 10% of Sunrise Guizhou on a fully funded basis.
Under the capital increase agreement, dated December 3, 2024, the investment values Sunrise Guizhou at RMB 1.8 billion (approximately US$270 million) pre-money, implying a post-money valuation of RMB 2.0 billion (approximately US$300 million) on a fully funded basis.
Key Terms
- Total Subscription: RMB 200 million, payable in installments. RMB 110 million has been funded and registered; RMB 90 million remains to be funded.
- Valuation: Valuation: RMB 1.8 billion pre-money; RMB 2.0 billion post-money on a fully funded basis.
- Use of Proceeds: Under the agreement, the proceeds are to be applied to business expansion, working capital, research and development, and new projects, and may not be used to repay non-operating indebtedness, pay dividends or repurchase equity.
- Registered Capital: Increased from RMB 321.41 million to RMB 341.05 million upon the July 29, 2026 registration.
- E-Power’s Interest: E-Power holds its interest in Sunrise Guizhou through a wholly-owned subsidiary. That interest was 39.3519% before the capital increase and is 37.0855% following the July 29, 2026 registration; it would be 35.4167% upon full funding.
Third-Party Validation of the Anode Materials Business
Sunrise Guizhou is E-Power’s principal operating platform for graphite and silicon-carbon anode materials. It operates a Guizhou-based production facility powered by renewable electricity, participated in 2026 in the drafting of the national standard “Porous Carbon for Silicon-Based Anode Materials” (Plan No. 20262157-T-605), and was included in Guizhou Province’s recommendation list for the eighth batch of national-level Specialized, Refined, Distinctive and Innovative (“Little Giant”) enterprises. The proceeds are intended to support capacity expansion and the continued industrialization of Sunrise Guizhou’s silicon-carbon and hard-carbon anode technologies.
“Receiving these funds brings capital directly into our anode materials platform,” said Mr. Haiping Hu, the founder, CEO and Chairman of E-Power Inc. “The proceeds are directed toward expansion, research and development, and new projects, and we expect them to support the next phase of growth at Sunrise Guizhou.”
The remaining RMB 90 million of the subscription is subject to funding in accordance with the capital increase agreement and to completion of the related registration, and there can be no assurance as to the timing or completion of those steps. The valuation described above represents the pricing agreed under the December 2024 agreement and is not a measure of the value of E-Power’s securities.
About E-Power Inc.
E-Power Inc., through its subsidiaries, joint venture and variable interest entity structure, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. Through its joint venture, the Company operates a plant in Guizhou Province, China, powered by electricity from renewable sources, which contributes to the plant’s competitive production costs and reduced environmental impact in the production of graphite anode material. Mr. Haiping Hu, the founder, CEO and Chairman of the Company, has been a pioneer in the graphite anode industry since 1999. The Company’s management team is composed of experts with years of experience and successful track records in the graphite anode industry. For further information, please visit the Company’s website at www.sunrisenewenergy.com.
Forward-looking statement
Certain statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions, the commercialization of M02-3, market acceptance of the Company’s anode materials, the performance of those materials in customer cells and applications, and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “anticipate,” “should,” “believe,” “expect,” “estimate,” and similar words, shall be regarded as forward-looking statements. Product data presented in this release were measured under the Company’s own laboratory conditions on the materials described and may differ from results obtained under other conditions or in finished cells. Due to various factors, the actual results may differ materially from the historical results or from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological updates, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to place undue reliance on these forward-looking statements, and we urge investors to visit the website of the United States Securities and Exchange Commission to review the Company’s filings for other factors that may affect the Company’s future operating results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For more information, please contact:
The Company: IR Department
Email: [email protected]
Phone: +1 4084890472
