E-Power JV Secures $16.5 Million From Capital Increase by Jieshou Xinyang Zhanxin Equity Investment Fund

11:33 AM EDT, 10/26/2026 (MT Newswires) -- E-Power (EPOW) said Monday its joint venture Sunrise New Energy Materials received RMB 110 million ($16.5 million) of the RMB 200 million capital increase subscribed by Jieshou Xinyang Zhanxin Equity Investment Fund Partnership. Jieshou Xinyang Zhanxin now holds around 5.76% of Sunrise New Energy Materials, and the remaining RMB 90 million in funding would bring its total stake to 10%. E-Power now holds a 37.09% stake in the JV, down from 39.35% before the transaction, according to a statement. Proceeds will be used for business capacity expansion, research, new projects, and working capital, according to the company. E-Power shares were 21% higher in Monday trading. Price: 4.28, Change: +0.79, Percent Change: +22.49