EPOW Receives $14 Million Financing from China Everbright Bank to Fulfill Orders from Leading Global Lithium Battery Manufacturers
Sunrise New Energy Co., Ltd - Class A Ordinary Shares (EPOW)
Company Research
Source: GlobeNewswire
ZIBO, China, March 08, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced securing a significant financing of $14 million USD from China Everbright Bank. This low-interest loan effectively bolsters the Company's liquidity, ensuring seamless production and delivery of client orders. Among the esteemed clientele are globally renowned lithium battery manufacturers such as Contemporary Amperex Technology Co. Limited (CATL), BYD and HiTHIUM. "Our clients have expressed immense satisfaction with the quality of products we've delivered, leading to a continuous surge in orders. Our factory production lines are running at high capacity to ensure efficient and dynamic manufacturing." commented Haiping Hu, CEO of Sunrise. "Securing this bank loan underscores our Company's sterling reputation. Moreover, without diluting shareholder equity, it provides us with a substantial influx of low-interest capital, significan
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EPOW
Sec Filings
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- 2/12/24 - Form 6-K
- EPOW's page on the SEC website