Shandong Sunrise Technology

E-Power Inc.'s subsidiary Shandong Sunrise completed the first phase of a turnkey contract with Shandong Fusion New Material for artificial graphite and silicon-carbon anode production lines, receiving RMB 61.8 million (US$9.2 million) in full payment. The total contract is valued at RMB 343 million (US$51.2 million).

E-Power's subsidiary Shandong Sunrise was awarded a RMB 343 million ($51.1 million) turnkey contract by Shandong Fusion New Material to design, supply, install and commission two production lines for artificial graphite and silicon-carbon anodes in Laiwu District, Jinan, Shandong.