EPOW) Wins New Contract to Provide $240 Million of Graphite Anode to a Main Chinese language EV Producer
ZIBO, China – January 30, 2023 (Investorideas.com Newswire) Dawn New Power Co., Ltd. (“Dawn”, the “Firm”, “we” or “our”) (NASDAQ: EPOW), in the present day introduced that it has gained a brand new contract to produce 40,000 metric tons of graphite anode to a number one Chinese language EV Producer.
The shopper is vertically built-in and producers their very own EV batteries. The shopper wished to maintain its title non-public at this level for aggressive causes. The worth of the 40,000 ton provide settlement is $240 million based mostly on current pricing for graphite anode. Dawn will start delivery graphite anode below this contract to the client in March with the overall 40,000 tons to be equipped in 2023.
With the addition of this new contact to the $464 million provide settlement introduced on December 8, 2022, the backlog of provide agreements for supply over the subsequent 2 years stands at $700 million.
“That is one other enormous win for Dawn and places us on the map as a number one graphite anode producer,” stated Dawn New Power’s Chairman, Mr. Haiping Hu. “Our focus within the coming months can be on increasing capability at our manufacturing plant in Guizhou Province and on operational excellence to meet these buy orders with solely the very best high quality graphite anode. I’ve a really excessive diploma of confidence that our group is prepared for the busy months forward.”
About Dawn New Power Co., Ltd
Headquartered in Zibo, Shandong Province, China, Dawn New Power Co., Ltd., by means of its three way partnership, is engaged within the manufacturing and sale of graphite anode materials for lithium-ion batteries. The Firm’s three way partnership is setting up a 138,000 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on cheap electrical energy from renewable sources, which helps to make Dawn New Power a low-cost and low–environmental-impact producer of graphite anode materials. Mr. Haiping Hu, the founder and CEO of the Firm, is a significant pioneer for the graphite anode trade in China ranging from 1999. The Firm’s administration group can be composed of specialists with a cumulative many years of experiences and robust track-records of success within the graphite anode trade. As well as, the Firm additionally operates a data sharing platform enterprise. For additional data, please go to the Firm’s web site at www.sunrisenewenergy.com
The Firm additionally maintains a Twitter account (@sunrisenewener1) to maintain buyers updated on the newest growth of the Firm.
Sure statements on this press launch concerning the Firm’s future expectations, plans and prospects represent forward-looking statements as outlined by Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embody statements about plans, targets, aims, methods, future occasions, anticipated outcomes, assumptions and another factual statements that haven’t occurred. Any phrases that check with “could”, “will”, “need”, “ought to”, “imagine”, “anticipate”, “anticipate”, “estimate”, “estimate” or related non-factual phrases, shall be thought to be forward-looking statements. Resulting from varied components, the precise outcomes could differ materially from the historic outcomes or the contents expressed in these forward-looking statements. These components embody, however are usually not restricted to, the corporate’s strategic aims, the corporate’s future plans, market demand and person acceptance of the corporate’s services or products, technological updates, financial tendencies, the corporate’s status and model, the impression of trade competitors and bidding, related insurance policies and rules, the ups and downs of China’s macroeconomic situations, the worldwide market situations served by the corporate, and different associated dangers and assumptions disclosed within the prospectus. In view of the above and different associated causes, we advise buyers to not blindly depend on these forward-looking statements, and we urge buyers to go to the SEC’s web site to seek the advice of the corporate’s related paperwork for different components which will have an effect on the corporate’s future working outcomes. The corporate is below no obligation to make public amendments to modifications in these forward-looking statements as a result of particular occasions or causes until required by legislation.
For extra data, please contact:
E mail: IR@sunrisenewenergy.com
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