EPOW's “High-Energy Fast Charging Lithium Battery Graphite Anode Project” Secures Approval in Industrialization of Advanced Scientific and Technological Achievements

ZIBO, China, March 04, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (NASDAQ: EPOW), today announced the approval of its "High-Energy Fast Charging Lithium Battery Graphite Anode Project" by Guizhou Province's Department of Science and Technology as part of the provincial "Industrialization of Advanced Scientific and Technological Achievements" plan. This project aims to utilize patented technology to enhance energy density, improve charging efficiency and cycling performance. Sunrise has made significant breakthroughs in these areas, paving the way for large-scale industrial application and positioning itself as a leader in the industry.

Guizhou Province's Industrialization of Advanced Scientific and Technological Achievements plan seeks out patented innovations that align with market demands for industrial transformation. By providing technical support, funding, and talent rewards, the plan aims to accelerate the growth of selected enterprises.

"We are proud to be selected for this plan, as it will provide additional funding and attract investors to support our research and development efforts," stated Mr. Haiping Hu, Chairman of Sunrise New Energy. "EPOW is poised to capture the market for high-end battery graphite anode materials, strengthening our company's influence and fostering collaboration throughout the supply chain."

About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture is constructing a 260,543 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.

Forward-looking statement
Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, 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, the relevant international market conditions, and other related risks and assumptions disclosed in the Company’s Annual Report on Form 20-F.. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC’s website to consult the company's relevant documents for other factors that may affect the company's future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.

For more information, please contact:
The Company:
IR Department
Email: IR@sunrisenewenergy.com
Phone: +86 4009919228