Sunrise New Energy Announces Discussing Collaboration With LG Energy And Abu Dhabi Investment Fund For Lithium Battery Material Manufacturing Overseas
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy (NASDAQ:EPOW) is in discussions with LG Energy and the Abu Dhabi Investment Fund for a potential collaboration to establish a new lithium battery material manufacturing facility in Abu Dhabi. The facility is expected to have an annual production capacity of 50,000 tons of anode materials. The collaboration aims to leverage the substantial demand for Chinese lithium batteries in overseas markets and enhance Sunrise's competitiveness in the global power battery industry.
October 24, 2023 | 3:32 pm
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Sunrise New Energy's potential collaboration with LG Energy and the Abu Dhabi Investment Fund could significantly enhance its competitiveness in the global power battery industry and open up new markets.
The potential collaboration could significantly enhance Sunrise New Energy's production capacity and competitiveness in the global power battery industry. The establishment of a new manufacturing facility in Abu Dhabi could also open up new markets for the company, potentially leading to increased revenues and a positive impact on its stock price.
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