Sunrise new energy announces discussing collaboration with lg energy and abu dhabi investment fund for lithium battery material manufacturing overseas

Zibo, china, oct. 24, 2023 (globe newswire) -- sunrise new energy co., ltd. (“sunrise”, the “company”, “we” or “our”) (nasdaq: epow), today announced that it is in discussions with lg energy and the abu dhabi investment fund regarding a potential collaboration. the parties are discussing the establishment of a new lithium battery material manufacturing facility in abu dhabi, with an anticipated annual production capacity of 50,000 tons of anode materials. at present, the three parties are conducting negotiations on the specific details of the cooperation and will submit it to the board of directors for approval after signing the cooperation memorandum.
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