Sunrise New Energy gains on $240 mln supply deal

E-Power

30/01/2023 16:18

** U.S.-listed shares of China-based maker of graphite anode
Sunrise New Energy Co Ltd  002256.SZ   EPOW.O  jump 17.7% to
$4.33 
    ** Stock to see best day in more than three months if gains
hold
    ** Co announces agreement to supply graphite anode to a
Chinese electric vehicle maker for $240 mln
    ** EPOW would supply 40,000 tonnes of graphite anode to the
EV maker in 2023
    ** Graphite is used as the negative end of a lithium-ion
battery 
    ** Stock had gained ~135% last year
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))