E-Power’s Guizhou Joint Venture Receives RMB 110 Million of RMB 200 Million Capital Increase at RMB 2.0 Billion Post-Money Valuation
Key Highlights
- ➤Sunrise Guizhou received RMB 110 million of E-Power’s RMB 200 million capital increase
- ➤Investment values Sunrise Guizhou at RMB 2.0 billion post-money when fully funded
- ➤Remaining RMB 90 million funding would raise investor ownership to 10%
- ➤E-Power’s Sunrise Guizhou interest fell to 37.0855% after registration
- ➤Sunrise Guizhou plans proceeds for expansion, R&D, working capital and new projects
Expert Statements
Haiping Hu, Founder, CEO and Chairman of E-Power Inc.
“Receiving these funds brings capital directly into our anode materials platform,”
Haiping Hu, Founder, CEO and Chairman of E-Power Inc.
“The proceeds are directed toward expansion, research and development, and new projects, and we expect them to support the next phase of growth at Sunrise Guizhou.”
DOVER, USA, Oct. 26, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a provider of advanced battery materials and AI Data Center (AIDC) microgrid solutions, today announced that its joint venture, Sunrise (Guizhou) New Energy Materials Co., Ltd. (“Sunrise Guizhou”), has received RMB 110 million (approximately US$16.5 million) of the RMB 200 million (approximately US$30.0 million) capital increase subscribed by Jieshou Xinyang Zhanxin Equity Investment Fund Partnership (Limited Partnership) (the “Investor”).
The corresponding change in registered capital was recorded with the local administration for market regulation on July 29, 2026, increasing Sunrise Guizhou’s registered capital from RMB 321.41 million to RMB 341.05 million. Following that registration, the Investor holds 5.7592% of Sunrise Guizhou’s registered capital. The remaining RMB 90 million (approximately US$13.5 million) remains to be funded, which would bring the Investor’s interest to 10% of Sunrise Guizhou on a fully funded basis.
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