Sunrise New Energy announces 37,600 metric ton graphite anode order from BYD

Sunrise New Energy (EPOW) announced BYD (BYDDF) as a new customer with the commencement of shipments under a 37,600 metric ton graphite anode purchase order, which is valued at $225M based on recent pricing for graphite anode. Sunrise has increased its annual production capacity to 20,000 tons at the end of 2022. The Company expects to achieve further increases in production capacity this year and to complete fulfillment of this purchase order by the middle of 2024.