E‑Power Inc., formerly Sunrise New Energy Co., Ltd., announced a long‑term anode‑material supply contract with a global top‑five lithium‑ion battery manufacturer and a joint venture to build a 30,000‑tonne annual‑capacity anode plant in Indonesia.
The contract is expected to provide a steady revenue stream for the company’s graphite anode business, which has historically struggled with profitability. The partnership aligns with the manufacturer’s extensive global network and supports a low‑carbon supply chain for electric‑vehicle and energy‑storage customers.
The Indonesian joint venture will add 30,000 tonnes of production capacity, complementing the company’s existing Guizhou facility that is slated to reach 50,000 tonnes. A separate 20,000‑tonne high‑end graphite anode line is under construction in Zibo, China, further expanding the company’s footprint.
In the trailing twelve months, the company reported revenue of $70.68 million, a 98.9 % three‑year growth, but a negative EPS of –$0.32 and an operating margin of –16.78 %. Net profit in July‑August 2025 was $0.57 million, driven by cost‑control measures and increased in‑house graphitization processing. Total assets rose to $175.4 million, while equity fell to $25.3 million, reflecting ongoing investment in capacity expansion.
The new contract and plant are material wins that could stabilize cash flow and validate product quality amid a competitive market. The rebranding to E‑Power Inc. on February 12 signals a broader focus on AI data‑center microgrid solutions, positioning the company to diversify revenue streams beyond graphite anodes.
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