Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment [Yahoo! Finance]
Sunrise New Energy Co., Ltd - Class A Ordinary Shares (EPOW)
Company Research
Source: Yahoo! Finance
announced that it has successfully secured an additional $13.75 million low-interest loan from China Construction Bank (CCB). This brings the total loans received from CCB in 2024 to $27.51 million. The new funds will significantly enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM. China Construction Bank, one of the largest banks in China, has a rigorous loan approval process that evaluates a company's assets, financial status, technological achievements, talent team, patents, and market recognition. Securing this substantial low-interest loan from CCB is a strong affirmation of Sunrise New Energy's capabilities. "This bank loan underscores our strong reputation and provides us with significant low-interest capital without diluting shareholder equity. This enables us to take on more orders, thereby increasing our revenue and profitability." remarked by Mr. Haiping Hu, CEO of Sunr
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News
- Sunrise Regains Compliance with Nasdaq Minimum Closing Bid Price RuleGlobeNewswire
- Sunrise Records 132% Surge in First-Half Sales Volume, Featured in Guizhou TV Report as a Leading Anode Materials Manufacturer [Yahoo! Finance]Yahoo! Finance
- Sunrise Records 132% Surge in First-Half Sales Volume, Featured in Guizhou TV Report as a Leading Anode Materials ManufacturerGlobeNewswire
- Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order FulfillmentGlobeNewswire
- Sunrise New Energy Launches High-Energy Density and High-Rate Silicon-Carbon Anode Products for Solid-State Batteries [Yahoo! Finance]Yahoo! Finance
EPOW
Sec Filings
- 9/16/24 - Form 6-K
- 8/20/24 - Form 6-K
- EPOW's page on the SEC website