Morning Sun New Energy stock price soars after securing a major battery supply contract

LootboxPhobia · 2026-02-13T22:27:57+00:00

Morning Light New Energy Co., Ltd. stock price surged by 27.4% after signing a long-term anode material supply contract with a globally renowned lithium-ion battery manufacturer and planning to build a 30,000-ton annual production plant in Indonesia. This marks a significant expansion of the cooperation between the two parties, aiming to create a low-carbon, efficient supply chain.

LootboxPhobia

2026-02-13 22:27:57

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Investing.com – Sunrise New Energy Co Ltd (NASDAQ:EPOW) closed Friday’s trading with a 27.4% surge in stock price after the company announced a long-term anode material supply agreement with a top five global lithium-ion battery manufacturer.

Operating under the name E-Power Inc., the company revealed that in addition to the supply agreement, both parties also reached a strategic intent to jointly invest in building a lithium-ion battery anode material factory in Indonesia with an annual capacity of 30,000 tons.

According to the announcement, the unnamed partner has consistently ranked in the top five globally in energy storage and power battery shipments. E-Power was selected after undergoing a “rigorous supplier qualification process,” highlighting the company’s competitive cost structure and product reliability.

The proposed Indonesian plant represents a significant expansion beyond a standard supply agreement. The project aims to leverage regional resource advantages while aligning with the partner’s global manufacturing network to create a resilient, low-carbon, and cost-effective supply chain.

This partnership appears strategically positioned to serve automotive and energy customers through localized global manufacturing capabilities, though the announcement did not disclose financial details of the agreement.

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