{"id":791560,"date":"2024-12-02T09:04:45","date_gmt":"2024-12-02T14:04:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-sunrise-reports-strong-sales-growth-driven-by-leading-ev-and-energy-storage-customers\/"},"modified":"2024-12-02T09:04:45","modified_gmt":"2024-12-02T14:04:45","slug":"sunrise-sunrise-reports-strong-sales-growth-driven-by-leading-ev-and-energy-storage-customers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-sunrise-reports-strong-sales-growth-driven-by-leading-ev-and-energy-storage-customers\/","title":{"rendered":"Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ZIBO, China, Dec.  02, 2024  (GLOBE NEWSWIRE) &#8212; Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced robust sales growth, highlighting its expanding influence in the electric vehicle (EV) and energy storage sectors. In October 2024, the Company achieved a sales volume of 3,419 tons, representing an extraordinary 449.8% increase compared to October 2023. From January to October 2024, cumulative sales reached 22,476 tons, marking a 131.1% increase compared to the same period in 2023.<\/p>\n<p>This surge in orders was driven by partnerships with industry-leading battery manufacturers, including:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Contemporary Amperex Technology Co., Limited (CATL), the world\u2019s largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: <a href=\"https:\/\/en.wikipedia.org\/wiki\/CATL\" rel=\"nofollow\" target=\"_blank\">https:\/\/en.wikipedia.org\/wiki\/CATL<\/a>).<\/li>\n<li style=\"text-align:justify\">HiTHIUM Energy Storage, a prominent producer of premium stationary energy storage batteries (source: <a href=\"https:\/\/www.linkedin.com\/redir\/redirect?url=https:\/\/hithium.com\/en\/&amp;urlhash=Txr3&amp;trk=about_website\" rel=\"nofollow\" target=\"_blank\">https:\/\/hithium.com\/en\/<\/a>).<\/li>\n<li style=\"text-align:justify\">Pylon Technologies Co., Ltd., a pioneer in energy storage, known as &#8220;China&#8217;s First Energy Storage Stock&#8221;. (source:\u00a0<a href=\"https:\/\/en.pylontech.com.cn\/about\/company\" rel=\"nofollow\" target=\"_blank\">https:\/\/en.pylontech.com.cn\/about\/company<\/a>).\n<\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe are extremely proud of this significant order growth and expect even stronger sales in the final two months of 2024. It\u2019s a testament to the superior quality of our products and our position at the forefront of the anode material industry.\u201d stated Mr. Haiping Hu, CEO of Sunrise. \u201c Earning the trust of world-class customers like CATL, HiTHIUM, and Pylon Technologies demonstrates the strength of our technologies and our uncompromising commitment to product quality. We remain dedicated to delivering exceptional financial performance and creating long-term value for our shareholders.&#8221;<\/p>\n<p>\n        <strong>About Sunrise New Energy Co., Ltd<\/strong>\n      <\/p>\n<p align=\"justify\">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&#8217;s joint venture has completed the construction of a manufacturing facility with a production capacity of 50,000 tons 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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ob-HbmUpQoGCxrVCO3ReyVOWe3ZzhXBW2iUeXj91zoc00ktQg1DOXQzQsI50OHSFgmWGPQGurg_U3Lg96YCnW8ilriThNtaOHnqTsMS6GGs=\" rel=\"nofollow\" target=\"_blank\"><u>www.sunrisenewenergy.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward-looking statement<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements in this press release regarding the Company&#8217;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 &#8220;may&#8221;,\u00a0&#8220;will&#8221;, &#8220;want&#8221;, &#8220;should&#8221;, &#8220;believe&#8221;, &#8220;expect&#8221;, &#8220;expect&#8221;, &#8220;estimate&#8221;, &#8220;estimate&#8221; 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\u00a0results\u00a0or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company&#8217;s strategic objectives, the company&#8217;s future plans, market demand and user acceptance of the company&#8217;s products or services, technological updates, economic trends, the company&#8217;s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China&#8217;s macroeconomic conditions, the relevant international market conditions, and\u00a0other\u00a0related risks and assumptions disclosed in the Company\u2019s Annual Report on Form 20-F published on the SEC\u2019s website. In view of the above and other related reasons, we urge investors to visit the SEC\u2019s\u00a0website and consider other factors that may affect the Company&#8217;s future operating results. The Company is under no obligation to make public amendments to changes in these forward-looking statements unless required by law.<\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>The Company:<\/p>\n<p>IR Department<\/p>\n<p>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cMd2T7Xnmun43478OVvdrQc-4JcMPDqsvooDuABfKDKMgPj7zDB2GqLy4KZHOluRbGVU7-gsPoy49JqACAcAd8FdyvEw3vS1ftaHkcMnN8A=\" rel=\"nofollow\" target=\"_blank\"><u>IR@sunrisenewenergy.com<\/u><\/a><\/p>\n<p>Phone:\u00a0+86 4009919228<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxMjIwMCM2NjE3NDAzIzUwMDA3MjI1OQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2I0YzgxNTUtNWJmMC00OTM2LWFmZjItMWViZjllMDhkMGJhLTUwMDA3MjI1OQ==\/tiny\/Sunrise-New-Energy-Co-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ZIBO, China, Dec. 02, 2024 (GLOBE NEWSWIRE) &#8212; Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced robust sales growth, highlighting its expanding influence in the electric vehicle (EV) and energy storage sectors. In October 2024, the Company achieved a sales volume of 3,419 tons, representing an extraordinary 449.8% increase compared to October 2023. From January to October 2024, cumulative sales reached 22,476 tons, marking a 131.1% increase compared to the same period in 2023. This surge in orders was driven by partnerships with industry-leading battery manufacturers, including: Contemporary Amperex Technology Co., Limited (CATL), the world\u2019s largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: https:\/\/en.wikipedia.org\/wiki\/CATL). HiTHIUM &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunrise-sunrise-reports-strong-sales-growth-driven-by-leading-ev-and-energy-storage-customers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers&#8221;<\/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-791560","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers - 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-sunrise-reports-strong-sales-growth-driven-by-leading-ev-and-energy-storage-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ZIBO, China, Dec. 02, 2024 (GLOBE NEWSWIRE) &#8212; Sunrise New Energy Co., Ltd. (\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced robust sales growth, highlighting its expanding influence in the electric vehicle (EV) and energy storage sectors. In October 2024, the Company achieved a sales volume of 3,419 tons, representing an extraordinary 449.8% increase compared to October 2023. From January to October 2024, cumulative sales reached 22,476 tons, marking a 131.1% increase compared to the same period in 2023. This surge in orders was driven by partnerships with industry-leading battery manufacturers, including: Contemporary Amperex Technology Co., Limited (CATL), the world\u2019s largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: https:\/\/en.wikipedia.org\/wiki\/CATL). 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(\u201cSunrise\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) (NASDAQ: EPOW), today announced robust sales growth, highlighting its expanding influence in the electric vehicle (EV) and energy storage sectors. In October 2024, the Company achieved a sales volume of 3,419 tons, representing an extraordinary 449.8% increase compared to October 2023. From January to October 2024, cumulative sales reached 22,476 tons, marking a 131.1% increase compared to the same period in 2023. This surge in orders was driven by partnerships with industry-leading battery manufacturers, including: Contemporary Amperex Technology Co., Limited (CATL), the world\u2019s largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: https:\/\/en.wikipedia.org\/wiki\/CATL). 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