E-Power Awarded RMB 343 Million (Approximately US$51.04 Million) Turnkey Contract to Deliver Artificial Graphite and Silicon-Carbon Anode Production Lines

DOVER, USA, Aug. 27, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a leading provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that its indirectly wholly-owned subsidiary, Shandong Sunrise Technology Co., Ltd. (“Shandong Sunrise”), has been awarded and has entered into a turnkey equipment and technology services contract valued at RMB 343,473,000 (approximately US$51.1 million) with Shandong Fusion New Material Co., Ltd. (the “Customer”).

Shandong Sunrise was selected as the supplier through a competitive procurement process concluded on June 25, 2026, and the contract was executed the same day (the “Contract”). The award covers the complete design, supply, installation, and commissioning of two production lines for the Customer’s advanced electronic materials project in Laiwu District, Jinan, Shandong Province, China.

Scope of the Contract

•   Artificial Graphite Anode Line: A fully automated production line with a designed capacity of 20,000 tons per year.

•   Silicon-Carbon Anode Line: A production line with a designed capacity of 1,000 tons per year, incorporating CVD silicon-carbon deposition and high-temperature graphite carbonization processes.

•   Turnkey Delivery: A fixed-price package covering process and equipment design, equipment supply, on-site installation, commissioning, operator training and technical documentation.

A New Revenue Model: From Materials Producer to Full-Solution Provider

The award marks E-Power’s entry into the design, engineering and equipment supply of complete anode production lines — extending the Company’s operations beyond materials manufacturing into technology and services revenue. The Company believes this award represents the commercialization of process know-how its management has accumulated over more than two decades of experience in building and operating graphite anode facilities, and that it demonstrates E-Power’s ability to provide silicon-carbon anode process technology solutions for the production of silicon-carbon anode material, a next-generation material for high-energy-density batteries, at an industrial scale.

The contract is the Company’s largest technology and equipment award to date and follows a strategic cooperation framework agreement signed with the Customer in March 2026, pursuant to which framework agreement E-Power’s engineering team has been providing support to the project since its execution. Work under the Contract is underway, and the Company intends to provide updates as key project milestones are reached.

“This award reflects something we have believed for a long time: the process know-how we have accumulated in building and operating our own anode plants is itself a valuable asset,” said Mr. Haiping Hu, the founder, CEO and Chairman of E-Power Inc. “We believe that the delivery of a complete artificial graphite line, together with a silicon-carbon line, demonstrates our team’s ability to execute industrial-scale projects for third-party customers, not only for ourselves. We anticipate that there may be further opportunities in this technology-and-services model as the industry builds out next-generation anode capacity.”

About E-Power Inc.

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. Through its joint venture, 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. Mr. 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 proven track records of success in the graphite anode industry. For further information, please visit the Company’s website at www.sunrisenewenergy.com.

Forward-looking statement

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 and any statements that are not historical facts. Words such as “may,” “will,” “plan,” “should,” “believe,” “expect,” “estimate,” and similar words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological updates, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to place undue reliance on these forward-looking statements, and we urge investors to visit the website of the United States Securities and Exchange Commission to review the Company’s filings for other factors that may affect the Company’s future operating results. The Company is under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

For more information, please contact:

The Company: IR Department
Email: IR@sunrisenewenergy.com
Phone: +1 4084890472