Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its subsidiary, Sunrise (Guizhou) New Energy Co., Ltd., has been awarded funding under the “2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property.” This designation was granted by the Guizhou Provincial Market Supervision Administration (Intellectual Property Office) on June 17th, a significant achievement for the Company.

The project selected is the “Preparation Method of Lithium-Ion Battery Anode Material” (Patent No. ZL202210400775.2). This patent resolves a crucial and common technical challenge in balancing power performance and initial efficiency. It enhances the initial efficiency and power performance of graphite composite materials, providing a superior solution for the next generation of high-energy-density fast-charging batteries, with significant market potential.

The Company has utilized this patent for manufacturing and widespread distribution of products over the past two years. Sunrise New Energy’s products are employed in collaboration with prominent battery manufacturers such as Contemporary Amperex Technology Co., Ltd. (CATL) and BYD Company Limited (BYD). The patented product’s stable performance gives it a substantial competitive edge in the market, garnering widespread acclaim for its quality. Since the patented product’s launch in 2022, despite its short timeframe, it has quickly gained market traction. To date, cumulative sales revenue has reached approximately $100 million.

About Sunrise New Energy Co., Ltd

Based in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, specializes in the production and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture has completed the construction of a manufacturing facility in Guizhou Province, China, with a production capacity of 50,000 tons. The plant operates on cost-effective electricity derived from renewable sources, contributing to Sunrise New Energy’s position as a low-cost and environmentally responsible producer of graphite anode material. Mr. Haiping Hu, the Company’s founder and CEO, is a leading figure in China’s graphite anode industry, having started his journey in 1999. The Company’s management team comprises experts with extensive experience and a strong track record of success in the graphite anode industry. Additionally, the Company operates a knowledge-sharing platform in China. For further information, please visit the Company’s website at . The Company maintains a Twitter account (@sunrisenewener1) to keep investors updated on the Company’s latest developments.

Forward-looking statement

Certain statements in this press release concerning the Company’s future expectations, plans, and prospects constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements encompass statements about plans, goals, objectives, strategies, future events, anticipated results, assumptions, and any other factual statements that have not yet occurred. Any terms that refer to “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, or similar non-factual terms, shall be considered forward-looking statements. Due to various factors, actual results may differ significantly from historical results or the content expressed in these forward-looking statements. These factors include, but are not limited to, the company’s strategic goals, the company’s future plans, market demand and user acceptance of the company’s products or services, technological advancements, economic trends, the company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China’s macroeconomic conditions, relevant 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. In light of the foregoing and other related factors, we encourage investors to visit the SEC’s website and consider other factors that may affect the Company’s future operating outcomes. The Company is not obligated to publicly amend any changes to these forward-looking statements unless legally required.

For more information, please contact:

The Company:

IR Department


Phone: +86 4009919228