Sunrise Awarded 0.59 Million National Science and Technology Development Fund Grant for Advanced Graphite and Carbon Materials Innovation

Rhea-AI Summary

Sunrise New Energy (NASDAQ: EPOW), a battery anode materials manufacturer, has secured a RMB 4.3 million (USD 0.59 million) grant from the National Science and Technology Development Fund. The funding will support the company's project to enhance industrial capabilities in Qianxinan prefecture.

The initiative focuses on advancing battery anode materials technology, specifically targeting breakthroughs in design, precision control, and large-scale preparation from various carbon sources. Sunrise plans to establish a comprehensive platform integrating R&D, technology transfer, incubation, services, industry, and capital to foster regional industrial transformation and talent development.

Positive

• Secured RMB 4.3 million (USD 0.59 million) government grant funding
• Development of comprehensive R&D and technology transfer platform
• Potential for enhanced regional industrial capabilities and talent development

Negative

• Relatively small grant amount for large-scale industrial transformation

ZIBO, China, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), a leading manufacturer and innovator of battery anode materials, today announced that it has been awarded a grant of approximately RMB 4.3 million (USD 0.59 million) under the National Science and Technology Development Fund.

The project aims to accelerate industrial upgrading in Qianxinan prefecture by promoting breakthroughs in the design, precision control, and large-scale preparation of battery anode materials from various carbon sources. By building a comprehensive platform that combines R&D, technology transfer, incubation, services, industry, and capital, Sunrise will not only advance innovation in graphite anode technologies but also establish a strong support system for regional industrial transformation, talent development, and long-term competitiveness in the battery materials sector.

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 has completed the construction of a manufacturing facility with a production capacity of 50,000 tons 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.

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 published on the SEC’s website. In view of the above and other related reasons, we urge investors to visit the SEC’s website and consider 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 unless required by law.

For more information, please contact:

The Company:

IR Department

Email: IR@sunrisenewenergy.com

Phone: +86 4009919228

FAQ

How much grant funding did Sunrise New Energy (NASDAQ: EPOW) receive from the National Science and Technology Development Fund?

Sunrise received RMB 4.3 million (USD 0.59 million) in grant funding from the National Science and Technology Development Fund.

What is the purpose of Sunrise's (NASDAQ: EPOW) grant-funded project?

The project aims to advance battery anode materials technology through breakthroughs in design, precision control, and large-scale preparation of materials from various carbon sources, while establishing a comprehensive R&D and industry platform.

How will the National Science and Technology Development Fund grant benefit Sunrise (NASDAQ: EPOW)?

The grant will enable Sunrise to develop a comprehensive platform combining R&D, technology transfer, incubation, services, industry, and capital, supporting regional industrial transformation and talent development.

What region will benefit from Sunrise's (NASDAQ: EPOW) grant-funded project?

The project will accelerate industrial upgrading in Qianxinan prefecture, China, through advancements in battery anode materials technology and establishment of a comprehensive industry platform.