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NEWS
Sunrise Sunrise Reports Strong Sales Growth Driven by Leading EV and Energy Storage Customers
Monday, 2nd December at 9:00 am
ZIBO, China, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (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's largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: https://en.wikipedia.org/wiki/CATL).
HiTHIUM Energy Storage, a prominent producer of premium stationary energy storage batteries (source: https://hithium.com/en/).
Pylon Technologies Co., Ltd., a pioneer in energy storage, known as "China's First Energy Storage Stock". (source: https://en.pylontech.com.cn/about/company).
Monday, 2nd December at 9:00 am
ZIBO, China, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (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's largest EV and energy storage battery manufacturer, holding approximately 40% of the global market share (source: https://en.wikipedia.org/wiki/CATL).
HiTHIUM Energy Storage, a prominent producer of premium stationary energy storage batteries (source: https://hithium.com/en/).
Pylon Technologies Co., Ltd., a pioneer in energy storage, known as "China's First Energy Storage Stock". (source: https://en.pylontech.com.cn/about/company).
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