Sunrise Guizhou secures RMB 110 million in partial capital increase

E-Power Inc. announced that its joint venture, Sunrise (Guizhou) New Energy Materials Co., Ltd., has secured RMB 110 million, or approximately 16.5 million US dollars, in new funding. Quiver Quantitative reported that the transaction was recorded on July 29, 2026. The funds represent an initial tranche of a planned RMB 200 million, or about 30 million US dollars, capital increase. [1]

The initial investment values Sunrise Guizhou at RMB 1.8 billion pre-money, according to Quiver Quantitative. The capital boost increases the company's registered capital to RMB 341.05 million. It provides the investor with an immediate 5.7592% equity stake in the venture. [1]

If the subscription agreement is fulfilled and the remaining capital is provided up to the full RMB 200 million, the investor's equity stake will increase to 10%, according to Quiver Quantitative. [1]

Sunrise Guizhou is located in Guizhou province, a region in western China where the prefecture-level city of Liupanshui covers an area of 9,926 square kilometres. Quiver Quantitative reported that the business will use the fresh capital to finance expansion projects and research initiatives. [1][7]