E-Power shares surge 20.61% intraday after securing long-term anode supply contract with top-5 battery partner and planning 30,000-tonne Indonesia plant.

E-Power Inc. (NASDAQ: EPOW) surged 20.61% intraday after announcing a long-term anode material supply contract with a Global Top-5 lithium-ion battery partner and a strategic co-investment in a 30,000-tonne annual capacity plant in Indonesia. The deal, secured through a rigorous supplier qualification process, underscores E-Power’s competitive cost structure and product reliability, positioning it to localize production for automotive and energy customers. The partnership aligns with the partner’s global manufacturing footprint and emphasizes a low-carbon, cost-efficient supply chain. This strategic expansion, coupled with E-Power’s existing renewable-powered production capabilities in China, signals strong growth potential and validates its market position in the energy transition sector.