Sunrise Records 132% Surge in First-Half Sales Volume, Featured in Guizhou TV Report as a Leading Anode Materials Manufacturer

By: Sunrise New Energy Co., Ltd via GlobeNewswire

August 13, 2024 at 11:58 AM EDT

ZIBO, China, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Guizhou Provincial Radio and Television Channel's "Finance Qianxinan" program featured an interview with Mr. Haiping Hu, the founder and CEO of Sunrise.

The report highlighted that Sunrise is a leading manufacturer of lithium-ion battery anode materials, driving industrial innovation through technological innovation and has held more than 70 patents globally. Sunrise's products cover a wide range of anode materials, including synthetic graphite, natural graphite, composite graphite, soft carbon, hard carbon, and silicon-carbon, which are widely used in electronics, electric vehicles, and energy storage. Sunrise has established in-depth R&D partnerships with multiple industry-leading enterprises across the value chain.

“In the first half of 2024, Sunrise (Guizhou) New Energy Materials Co., Ltd. has sold 10,400 tons products, representing a 132% increase compared to the same period last year.” commented by Mr. Haiping Hu. “The Company’s production capacity can meet the increasing demand for high-end anode materials from multiple leading enterprises it has contracted with.”

Guizhou Provincial Radio and Television Channel commented that Sunrise strengthens the leading role of technological innovation and industrialization. The Company continuously enhances its competitiveness, effectively promoting the high-quality development of the industry, and has made a positive contribution to the economy of Guizhou Province.

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