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E-Power’s Guizhou Joint Venture Receives RMB 110 Million of RMB 200 Million Capital Increase at RMB 2.0 Billion Post-Money Valuation
GlobeNewswire Inc.·
E-Power Inc.'s joint venture Sunrise Guizhou received RMB 110 million (approximately US$16.5 million) of a RMB 200 million capital increase from an investment fund, valuing the company at RMB 2.0 billion post-money on a fully funded basis. The funds will support capacity expansion, R&D, and new projects for the anode materials business. E-Power's stake in Sunrise Guizhou decreased from 39.35% to 37.09% following the registration.
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