E-Power Receives $9.2M Payment for Anode Material Contract Phase

Key Facts

1E-Power received RMB 61.8 million (US$9.2 million) in full payment for a completed phase of its RMB 343 million anode contract.

Amid the growing demand for advanced battery materials and clean energy solutions, E-Power has reached a significant financial milestone. According to reports, its subsidiary, Shandong Sunrise Technology, received RMB 61.8 million (approximately $9.2 million) as full payment for a completed phase of an anode material supply contract. This payment is part of a larger RMB 343 million agreement, validating the company's operational execution on major industrial mandates.

This realization of cash flow follows the successful delivery of technical design and consulting services under the turnkey contract awarded in June 2026. Per market data, EPOW shares closed at $6.9 on September 22, 2026, fluctuating between a day high of $6.99 and a low of $6.01. The payment reinforces the company's standing in the battery materials sector as it progresses through its multi-phase project in Shandong Province.

Investors should watch for the execution of remaining contract obligations, including equipment manufacturing and final site acceptance. Based on the closing level of $6.9 on September 22, 2026, the stock's performance may remain tied to further operational updates. Future catalysts include the commencement of load-bearing trial production and the successful completion of the 12-month warranty phases.