Sunrise announces Graphic One was awarded $37.5M from U.S. government

Sunrise New Energy (EPOW) announced that Graphite One Inc. (GPHOF) was awarded $37.5 million from US government. In August 2023, Sunrise and Graphite One conducted multiple rounds of communication about the draft Consulting Agreement and Supply Agreement, in which Graphite One wishes to engage Sunrise to provide consulting services relating to the development of the G1 Facility due to that Sunrise’s principals and technical personnel have knowledge, skill, know-how and expertise in R&D and manufacturing process such that the finished products may be sold as active anode materials into the supply chain for lithium-ion batteries. The two parties have reached a preliminary consensus on these cooperation agreements and are revising on the details. It is expected that these documents will be signed within next month. “I am extremely proud of the work of our entire team.” said Sunrise’s Chairman, Mr. Haiping Hu.”The cooperation with Graphite One shows the recognition of Sunrise’s leading technology in global lithium battery anode materials industry. We are pleased to explore the potential opportunity to participate in the North America’s fast growing graphite materials market. “