E-Power Inc. has entered into a long-term supply agreement with one of the world's five largest lithium-ion battery manufacturers, marking a significant expansion of the company's anode materials production capacity. Under the partnership, the two companies plan to jointly invest in a new manufacturing facility in Indonesia with an annual production capacity of 30,000 tonnes, positioning the venture to serve major automotive and energy storage customers.
The strategic investment capitalizes on Indonesia's geographic advantages and abundant natural resources, while addressing growing demand from battery makers seeking to diversify their supply chain. The facility is designed to incorporate low-carbon production processes, aligning with global sustainability standards and customer environmental requirements in the electric vehicle and renewable energy sectors.
The long-term contractual arrangement provides E-Power Inc. with stable revenue visibility while strengthening supply chain resilience for both parties. The Indonesian facility is expected to support regional manufacturing growth and reduce dependencies on concentrated supply sources, particularly as electric vehicle adoption accelerates across Asia-Pacific markets.