{"id":787105,"date":"2023-09-29T09:37:28","date_gmt":"2023-09-29T13:37:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-new-energy-announces-new-customer-win-of-hithium-which-ranked-first-in-chinas-energy-storage-battery-manufacturers\/"},"modified":"2023-09-29T09:37:28","modified_gmt":"2023-09-29T13:37:28","slug":"sunrise-new-energy-announces-new-customer-win-of-hithium-which-ranked-first-in-chinas-energy-storage-battery-manufacturers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-new-energy-announces-new-customer-win-of-hithium-which-ranked-first-in-chinas-energy-storage-battery-manufacturers\/","title":{"rendered":"Sunrise New Energy Announces New Customer Win of HiTHIUM, Which Ranked First in China\u2019s Energy Storage Battery Manufacturers"},"content":{"rendered":"
\n

ZIBO, China, Sept. 29, 2023 (GLOBE NEWSWIRE) — \u00a0Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced a new customer win of Xiamen HiTHIUM Energy Storage Technology Co., Ltd. ( \u201cHiTHIUM\u201d). HiTHIUM is a leading manufacturer of top quality stationary energy storage products for utility-scale, commercial, and industrial applications.\u00a0HiTHIUM ranked first in China\u2019s energy storage market in terms of the number of projects supplied in 2022, and it also supplied top-shelf stationary energy storage products in Europe and worldwide. HiTHIUM recently achieved a valuation exceeding 4.1 billion USD in its latest funding round in July 2023. More information about HiTHIUM can be found at the company\u2019s website at https:\/\/hithium.com\/en\/about-us<\/a>.<\/p>\n

HiTHIUM sets stringent requirements for product quality from its suppliers. In a highly competitive bidding process, which included the participation of all of China’s top five anode material manufacturers, Sunrise emerged as one of the three successful bidders. This order represents an initial small-scale validation order aimed at establishing a solid business relationship. Both Sunrise and HiTHIUM have high expectations for significant future expansion in their collaboration.<\/p>\n

Sunrise has made breakthroughs in both electric vehicle power battery and energy storage battery materials. The order from HiTHIUM marks that Sunrise\u2019s recognized by leading energy storage battery manufacturers. Previously, Sunrise had received orders from leading power battery companies such as CATL and BYD.<\/p>\n

\u201cWe are thrilled to announce this major customer win. HiTHIUM is a very well-respected company in energy storage batteries, and we look forward to a long and prosperous relationship together.\u201d said Sunrise\u2019s Chairman, Mr. Haiping Hu. \u201c We anticipate to enter a comprehensive era of energy storage in the next three years, encompassing global energy storage, industry-wide energy storage, and residential energy storage. Energy storage will expand on an unprecedented scale, at an accelerated pace, and with broader coverage worldwide. We expect that the rapid growth in orders from energy storage battery manufacturers will drive remarkable financial growth for Sunrise.\u201d<\/p>\n

\n About Sunrise New Energy Co., Ltd<\/strong>\n <\/p>\n

Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company\u2019s joint venture is constructing a\u00a0260,543\u00a0\u33a1manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low\u2013environmental-impact producer of graphite anode material.\u00a0Mr.\u00a0Haiping Hu, the founder and CEO of\u00a0the Company, is\u00a0a\u00a0major pioneer for the graphite anode industry in China starting from 1999.\u00a0The Company\u2019s management team is\u00a0also\u00a0composed of experts\u00a0with\u00a0years of experiences\u00a0and strong track-records of success in the graphite anode industry. In addition,\u00a0the Company\u00a0also operates a knowledge sharing platform in China. For further information, please visit the Company\u2019s website at\u00a0www.sunrisenewenergy.com<\/a>. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.<\/p>\n

\n Forward-looking statement<\/strong>\n <\/p>\n

\n Certain statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to “may”,<\/em>
\n \u00a0<\/em>
\n “will”, “want”, “should”, “believe”, “expect”, “expect”, “estimate”, “estimate” or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical<\/em>
\n \u00a0<\/em>
\n results<\/em>
\n \u00a0<\/em>
\n or the contents expressed in 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 and bidding, relevant policies and regulations, the ups and downs of China’s macroeconomic conditions, the relevant international market conditions, and<\/em>
\n \u00a0<\/em>
\n other<\/em>
\n \u00a0<\/em>
\n related risks and assumptions disclosed in the Company<\/em>
\n \u2019<\/em>
\n s Annual Report on Form 20-F.. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC<\/em>
\n \u2019<\/em>
\n s<\/em>
\n \u00a0<\/em>
\n website to consult the company’s relevant documents for other factors that may affect the company’s future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.<\/em>\n <\/p>\n

\n
\n For more information, please contact:<\/em>
\n <\/strong>\n <\/p>\n

\n The Company:<\/em>
\n
\n IR Department<\/em>
\n
\n Email:<\/em>
\n \u00a0<\/em>
\n
\n IR@sunrisenewenergy.com<\/em>
\n <\/a>
\n
\n Phone:<\/em>
\n \u00a0<\/em>
\n +86 4009919228<\/em>\n <\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ZIBO, China, Sept. 29, 2023 (GLOBE NEWSWIRE) — \u00a0Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced a new customer win of Xiamen HiTHIUM Energy Storage Technology Co., Ltd. ( \u201cHiTHIUM\u201d). HiTHIUM is a leading manufacturer of top quality stationary energy storage products for utility-scale, commercial, and industrial applications.\u00a0HiTHIUM ranked first in China\u2019s energy storage market in terms of the number of projects supplied in 2022, and it also supplied top-shelf stationary energy storage products in Europe and worldwide. HiTHIUM recently achieved a valuation exceeding 4.1 billion USD in its latest funding round in July 2023. More information about HiTHIUM can be found at the company\u2019s website at https:\/\/hithium.com\/en\/about-us. HiTHIUM sets stringent requirements for … <\/p>\n

Continue reading “Sunrise New Energy Announces New Customer Win of HiTHIUM, Which Ranked First in China\u2019s Energy Storage Battery Manufacturers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787105","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSunrise New Energy Announces New Customer Win of HiTHIUM, Which Ranked First in China\u2019s Energy Storage Battery Manufacturers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-new-energy-announces-new-customer-win-of-hithium-which-ranked-first-in-chinas-energy-storage-battery-manufacturers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunrise New Energy Announces New Customer Win of HiTHIUM, Which Ranked First in China\u2019s Energy Storage Battery Manufacturers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ZIBO, China, Sept. 29, 2023 (GLOBE NEWSWIRE) — \u00a0Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced a new customer win of Xiamen HiTHIUM Energy Storage Technology Co., Ltd. ( \u201cHiTHIUM\u201d). HiTHIUM is a leading manufacturer of top quality stationary energy storage products for utility-scale, commercial, and industrial applications.\u00a0HiTHIUM ranked first in China\u2019s energy storage market in terms of the number of projects supplied in 2022, and it also supplied top-shelf stationary energy storage products in Europe and worldwide. HiTHIUM recently achieved a valuation exceeding 4.1 billion USD in its latest funding round in July 2023. More information about HiTHIUM can be found at the company\u2019s website at https:\/\/hithium.com\/en\/about-us. 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(\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced a new customer win of Xiamen HiTHIUM Energy Storage Technology Co., Ltd. ( \u201cHiTHIUM\u201d). HiTHIUM is a leading manufacturer of top quality stationary energy storage products for utility-scale, commercial, and industrial applications.\u00a0HiTHIUM ranked first in China\u2019s energy storage market in terms of the number of projects supplied in 2022, and it also supplied top-shelf stationary energy storage products in Europe and worldwide. HiTHIUM recently achieved a valuation exceeding 4.1 billion USD in its latest funding round in July 2023. More information about HiTHIUM can be found at the company\u2019s website at https:\/\/hithium.com\/en\/about-us. 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