China's Sunrise New Energy asks to disregard previous news release on battery material partnership -GlobeNewswire
25/10/2023 23:43
Oct 25 (Reuters) - Press release distribution services
provider GlobeNewswire said on Wednesday that Sunrise New Energy
EPOW.O has advised the firm to disregard a prior news release
about the China-based company's collaboration between South
Korea's LG Energy Solution 373220.KS and the Abu Dhabi
Investment Fund regarding a manufacturing battery material
facility.
On Tuesday, Sunrise New, which manufactures and sells
graphite anode material for lithium-ion batteries through a
joint venture, said that it was in talks with LG Energy and the
Abu Dhabi Investment Fund for the project. The news sent the
U.S.-listed shares of Sunrise up 4%.
Sunrise was not immediately available for comment.
China, the world's largest graphite producer, said last week
it would require export permits for some graphite products to
protect national security, springing a surprise with another bid
to control critical mineral supply in response to challenges
over its global manufacturing dominance.
(Reporting by Sourasis Bose in Bengaluru; Editing by Leslie
Adler)
((Sourasis.Bose@thomsonreuters.com;))