Sunrise New Energy shares rise 13.38% premarket after securing $11M anode material supply deal with Xiaolu Lithium.

Sunrise New Energy (NASDAQ: EPOW) surged 13.38% in premarket trading following the announcement of a $11 million supply agreement with Xiaolu Lithium, a sodium-ion and lithium-ion battery manufacturer. Under the contract, Sunrise will supply 3,000 tons of anode materials beginning in 2026, targeting high-rate discharge applications for UAVs, energy storage, and power tools. The deal underscores growing demand for Sunrise’s anode materials in high-performance battery sectors and validates its technological capabilities, particularly in sodium-ion battery markets. Xiaolu Lithium’s international presence and product diversification further highlight the strategic value of the partnership. The company emphasized that the agreement aligns with its strategy to expand shipments, diversify customers, and leverage low-cost production capabilities, positioning it to capitalize on the rising adoption of sodium-ion batteries in energy storage and industrial applications.