Sunrise New Energy announced that Sunrise New Energy Materials Co., Ltd. has passed rigorous and detailed on-site inspection by CATL and started monthly bulk delivery on August 8. CATL is the largest volume EV battery manufacturer in the world and also builds lithium-ion batteries for use in energy storage and commercial applications. CATL trades on the Shenzhen Stock Exchange and has a market capitalization of over $141 billion and annual sales exceeding $45 billion. CATL has rigorous inspection procedures for suppliers, and it has assigned experts on site for months at Sunrise’s manufacturing plant in Guizhou Province. These experts investigated the manufacturing methods and quality control as well as tested the finished product of Sunrise on an ongoing basis and has given the Company top marks on the assessment. The Company has shipped 30 tons of graphite anode to CATL last week, and it will provide 80,000 tons of products to CATL over the next two years.
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