Sunrise New Energy jumps after $11.3 mln order from CATL

E-Power

07/09/2022 15:13

** U.S. shares of China-based Sunrise New Energy Co Ltd
 EPOW.O  jump 19.7% at $4.18; set to extend gains for fourth
consecutive session
    ** EPOW says its graphite anode joint venture has received a
$11.3 mln order from EV battery giant Contemporary Amperex
Technology Co Ltd (CATL)  300750.SZ   urn:newsml:reuters.com:*:nGNX5xt8jb
    ** Graphite anodes are used as a component in the production
of lithium-ion batteries
    ** EPOW expects to ship products before the end of this year
    ** Co had received $8.4 mln order from CATL earlier this
year
    ** Stock has tripled YTD up to last close

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))