EPOW Receives $14 Million Financing from China Everbright Bank to Fulfill Orders from Leading Global Lithium Battery Manufacturers [Yahoo! Finance]
Sunrise New Energy Co., Ltd - Class A Ordinary Shares (EPOW)
Company Research
Source: Yahoo! Finance
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, significantly boosting our cash flow. This, in turn, enables us to accommodate more orders, thereby generating increased revenue and profits." About Sunrise New En
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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