Graphite One Inc. has signed a memorandum of understanding (“MOU”) with Sunrise New Energy Material Co., Ltd., a Chinese lithium-ion battery anode producer.
The intent is to develop an agreement to share expertise and technology for the design, construction, and operation of Graphite One’s proposed U.S.-based graphite material manufacturing facility.
The plan for the materials facility – the second link in Graphite One’s U.S. supply chain solution for advanced graphite products – will be detailed in the Company’s prefeasibility study expected to be released in the first half of 2022.
Mr. Haiping Hu, Chairman of Sunrise New Energy Material Co., Ltd, said: “With the many gigafactories being built in the U.S., Sunrise is excited to enter into this MoU with Graphite One, with the largest natural graphite deposit in North America. We look forward to assisting Graphite One with the development of its planned anode facility to serve the American market at this critical moment in the transition to the low-carbon energy future we all seek.”
Anthony Huston, CEO of Graphite One, said: “It is well understood in the North American graphite development sector that battery anode process expertise resides in China. As Graphite One works to develop North America’s first complete advanced graphite material supply chain, the technical acumen Sunrise can provide, could allow us to optimize our processing capacity and ensure our new U.S.-based facility is purpose-built from Day One to the highest industry standards.”