E-Power Completes Contract Phase for Anode Materials

DOVER, USA, Sept. 23, 2026 /CourierPR/ -- E-Power Inc., a provider of advanced battery materials and AI Data Center (AIDC) microgrid solutions, has announced that its indirectly wholly-owned subsidiary, Shandong Sunrise Technology Co., Ltd., has completed the equipment process design and technical consulting services required under its turnkey contract with Shandong Fusion New Material Co., Ltd., announced on August 27, 2026 (the “Contract”). The technical services represent the first completed phase of the Contract, which has a total value of RMB 343,473,000 (approximately US$51.2 million) and was awarded to Shandong Sunrise in June 2026. The work was performed by the Company’s engineering team.

The completed Contract scope includes two lines: an Artificial Graphite Anode Line, which involves full process and equipment design and technical consulting services for a fully automated production line with a designed capacity of 20,000 tons per year, and a Silicon-Carbon Anode Line, which involves full process and equipment design and technical consulting services for a production line with a designed capacity of 1,000 tons per year. The total value of the completed phase is RMB 61,825,140 (approximately US$9.2 million), representing approximately 18% of the total Contract value, and the payment has been received in full.

The completion of this work represents the first component of the Contract, with the related services delivered and payment received in full. The remaining obligations required under the Contract include equipment manufacture and phased delivery, on-site installation and commissioning, operator training, testing and environmental auxiliary equipment, spare parts, technical documentation, and a 12-month warranty period, culminating in load-bearing trial production and final acceptance at the Customer’s advanced electronic materials project in the Laiwu District of Jinan, Shandong Province, China.

The engagement reflects the Company’s strategy of commercializing process know-how developed through the construction and operation of anode facilities through its joint venture and subsidiaries. The design work delivered under this phase covers both conventional artificial graphite production and silicon-carbon anode material, a next-generation material for high-energy-density batteries.

E-Power Inc., through its subsidiaries, joint venture, and variable interest entity structure, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company operates a plant in Guizhou Province, China, powered by electricity from renewable sources, which contributes to the plant’s competitive production costs and reduced environmental impact in the production of graphite anode material. Haiping Hu, the founder, CEO, and Chairman of the Company, has been a pioneer in the graphite anode industry since 1999. The Company's management team is composed of experts with years of experience and successful track records in the graphite anode industry.

Certain statements in this press release regarding the Company’s future expectations, plans, and prospects constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions, the completion of the remaining phases of the Contract, the timing of equipment manufacture, delivery, installation, and acceptance, and any statements that are not historical facts.