ZIBO, China, April 24, 2025 — Sunrise New Energy Co., Ltd. (NASDAQ: EPOW), a leading battery material innovator, announced today that its project, “Research and Demonstration of Key Engineering Technologies for Long-Life, Low-Cost Sodium-Ion Battery Hard Carbon Anode Materials,” has been approved by the Guizhou Provincial Department of Science and Technology after several expert reviews. The project will receive approximately $960,000 in funding through a special science and technology grant.

Sodium-ion batteries are attracting attention because they are cost-effective and perform well at low temperatures, making them suitable for large energy storage systems and electric vehicles (EVs) in colder regions. However, the commercialization of suitable anode materials has limited their widespread adoption.

Sunrise’s hard carbon anode technology leads the industry, with performance metrics showing an initial Coulombic efficiency of ≥90% and a capacity retention rate of ≥85% after 1,000 cycles. These improvements are expected to overcome key obstacles in sodium-ion battery development and speed up the implementation of stationary energy storage systems.

Sunrise’s project is the only anode materials project in Guizhou Province to be awarded this grant, according to the official website of the Guizhou Department of Science and Technology.

“We are excited to be at the forefront of innovation in long-life, low-cost sodium-ion battery materials,” said Mr. Haiping Hu, CEO of Sunrise. “This achievement strengthens our leadership in lithium-ion battery materials and establishes Sunrise as a leader in technological innovation in the developing sodium-ion battery industry.”

About Sunrise New Energy Co., Ltd

Sunrise New Energy Co., Ltd., headquartered in Zibo, Shandong Province, China, manufactures and sells graphite anode material for lithium-ion batteries through its joint venture. The Company’s joint venture has completed a 50,000-ton production facility in Guizhou Province, China. The plant uses affordable electricity from renewable sources, making Sunrise New Energy a cost-effective and environmentally friendly producer of graphite anode material. Mr. Haiping Hu, the Company’s founder and CEO, has been a major pioneer in China’s graphite anode industry since 1999. The Company’s management team also includes experts with extensive experience and proven success in the graphite anode industry. Additionally, the Company operates a knowledge-sharing platform in China. For more information, please visit the Company’s website at .

Forward-looking statement

This press release contains certain statements about the Company’s future expectations, plans, and prospects that constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected results, assumptions, and any factual statements that have not yet occurred. The use of words such as “may,” “will,” “want,” “should,” “believe,” “expect,” “expect,” “estimate,” “estimate,” or similar non-factual terms indicates forward-looking statements. Actual results may differ significantly from historical results or the content expressed in these forward-looking statements due to various factors. These factors include, but are not limited to, the company’s strategic objectives, future plans, market demand and user acceptance of products or services, technological updates, economic trends, company reputation and brand, industry competition and bidding impacts, relevant policies and regulations, macroeconomic conditions in China, international market conditions, and other related risks and assumptions disclosed in the Company’s Annual Report on Form 20-F published on the SEC’s website. Considering the above and other related factors, we advise investors to visit the SEC’s website and consider other factors that may affect the Company’s future operating results. The Company is not obligated to publicly amend changes to these forward-looking statements unless required by law.

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