Sunrise New Energy Co. Ltd

Sunrise New Energy Co., Ltd. is engaged in the provision of consultancy services. It offers advisory services for small and medium enterprises. It also offers its services via a peer-to-peer knowledge sharing and enterprise service platform. It carries out its operations through the following business segments: Member Services, Enterprise Services, Online Services, and Other Revenues. The company was founded by Hu Hai Ping in December 2014 and is headquartered in Beijing, China.

Sunrise New Energy Co., Ltd. is a holding company, which engages in the manufacture and sale of graphite anode material. It operates through the Graphite Anode Business and Peer-to-Peer Knowledge Sharing and Enterprise Business segments. The company was founded by Hai Ping Hu in December 2014 and is headquartered in Zibo, China.

ZIBO, China, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced its "Key Technologies and Engineering for New Silicon-Carbon Anode Materials in Lithium-Ion Batteries" project officially received approval from the expert panel of the Guizhou Provincial Department of Science and Technology. Following multiple rounds of evaluations, the project was granted a special technology fund of USD 1.04 million.

Sunrise Secures $1.04 Million in Funding for Innovative Silicon-Carbon Anode Project

ZIBO, China, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Company has received a formal notification from the Nasdaq Capital Market, LLC (“Nasdaq”), dated September 9, 2024, notifying the Company that it has regained compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on Nasdaq.

Sunrise Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

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.

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

ZIBO, China, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has successfully secured an additional $13.75 million low-interest loan from China Construction Bank (CCB). This brings the total loans received from CCB in 2024 to $27.51 million. The new funds will significantly enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM.

Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment

ZIBO, China, July 15, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the development of two innovative silicon-carbon anode products designed to meet the rapidly growing demands of electric vehicles and high-end 3C digital products. These products feature high energy density and high discharge rates. One product has a capacity of 1660mAh/g with an initial efficiency of 90%, while the other offers a capacity of 1800mAh/g with an initial efficiency exceeding 91%.

Sunrise New Energy Launches High-Energy Density and High-Rate Silicon-Carbon Anode Products for Solid-State Batteries

ZIBO, China, July 11, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the successful development of a new generation of anode material for solid-state batteries. This innovative porous silicon-carbon material promises a long driving range of over 1000 kilometers for the electric vehicle and high capacity.

Sunrise Announces Successful Development of New Generation Porous Silicon-Carbon Material for Solid-State Batteries

Loan Enhances Liquidity to Accelerate Delivery of High-Demand Orders ZIBO, China, June 27, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has received a $13.76 million low-interest loan from China Construction Bank (CCB).

Sunrise New Energy Secures $13.76 Million Low-Interest Loan from CCB

ZIBO, China, June 25, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the acquisition of a significant new client, Times Geely (Sichuan) Power Battery Co., Ltd. ("Times Geely"), which will commence with a substantial monthly order of 300 tons of anode materials for power batteries.

Sunrise Secures New Key Client with Significant Order

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ZIBO, China, June 24, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the successful delivery of 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology Co., Ltd. (Xiamen HiTHIUM) by June 23, 2024. As part of the 25,000 tons energy storage material order, Sunrise New Energy will now commence a stable monthly delivery of 2,500 tons starting in June 2024 to fulfill the remaining quantity.

Sunrise Achieves Significant Milestone with Delivery of 5,800 Tons to HiTHIUM, a Global Leading Energy Storage Battery Manufacturer

Sunrise New Energy (NASDAQ: EPOW ) stock is up on Monday after the lithium-ion battery maker was granted new patent funding. This was granted to its subsidiary Sunrise (Guizhou) New Energy.

Why Is Sunrise New Energy (EPOW) Stock Up 34% Today?

ZIBO, China, June 21, 2024 (GLOBE NEWSWIRE) -- 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 selected for the "2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property" funding list. This recognition was released by the Guizhou Provincial Market Supervision Administration (Intellectual Property Office) on June 17th, marking a significant milestone for the Company.

Sunrise New Energy's Lithium-Ion Battery Patent Granted Key Funding in Guizhou Province

ZIBO, China, June 18, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has been officially recognized as one of the first batch of "Specialized, Refined, Unique, and Innovative Small and Medium Enterprises" for 2024 by the Guizhou Provincial Department of Industry and Information Technology.

Sunrise Achieves Key Milestone with "Specialized, Refined, Unique, and Innovative SME" Designation

ZIBO, China, May 23, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), announced that its net revenues increased by $7 million, or 18.16%, from $38.1 million for the year ended December 31, 2022, to $45.1 million for the year ended December 31, 2023. Revenues from graphite anode material sales business accounted for 98.52% and 98.57% of net revenues for the years ended December 31, 2023 and 2022, respectively. The Company had supplied products to 23 customers for 12,513 tons for the year ended December 31, 2023, as compared to 16 customers for 6,225 tons for year ended December 31, 2022.

Sunrise New Energy, a Leading EV Battery Material Manufacturer, Announced 18.16% Revenue Growth for the Year of 2023

ZIBO, China, April 17, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the front page of Guizhou Daily prominently featured a special report on Sunrise, titled " Intellectual Property Drives Substantial Enterprise Value – The Journey of a New Energy Enterprise." Guizhou Daily, the most influential comprehensive media outlet in the province, highlighted Sunrise's advanced research and substantial economic value.

Guizhou Daily Spotlights Sunrise: Intellectual Property Drives Substantial Enterprise Value

ZIBO, China, April 16, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that Guizhou Province Governor Li Bingjun, accompanied by a delegation of government officials, conducted an official visit to the Sunrise's plant on April 11, symbolizing the Company's pivotal role within the industry. During the visit, Mr. Haiping Hu, Chairman of Sunrise, presented an overview of the Company's production, technological advancements, energy consumption, and environmental protection efforts. Emphasizing innovation-driven strategies, Mr. Hu highlighted the Company's commitment to reducing costs, enhancing competitiveness, and strengthening meticulous management practices. Governor Li praised Sunrise and its representation of Guizhou's new energy power battery and materials industry. He stressed the importance of optimizing government industrial fund operations to support key industries and enterprises. Furthermore, he emphasized the need to promote coordination among upstream and downstream sectors of the industrial chain to leverage cluster effects effectively.

Sunrise Announces Guizhou Province Governor Li Bingjun's Visit to the Sunrise Factory, Highlighting Sunrise's Industry Leadership

ZIBO, China, April 10, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW),  today reiterated that its headquarter address in China remains consistent with the address provided in the FORM 6-K released in July 2022 (sec.gov/Archives/edgar/data/1780731/000121390022039402/ea162873-6k_globalinternet.htm), which is Room 703, West Zone, R&D Building, Zibo Science and Technology Industrial Entrepreneurship Park, No. 69 Sanying Road, Zhangdian District, Zibo City, Shandong Province, PRC. This relocation is from Room 208, Building 1, No. 28 Houtun Road, Haidian District, Beijing, PRC.

Sunrise Reiterates Headquarter Address in China, Located in Zibo City, Shandong Province

ZIBO, China, March 20, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its CEO, Mr. Haiping Hu, has purchased 309,928 shares of the Company's stock since January 2024 to increased his holding of the Company's stock to 8,140,461 shares. With a strong belief in the company's long-term potential, Mr. Hu announced plans to further increase his holdings over the next six months.

Sunrise Announces CEO's Purchase of the Company's Stock

ZIBO, China, March 19, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has received a letter (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on March 14, 2024, notifying the Company that it no longer meets the minimum bid price requirement set forth in the Nasdaq Listing Rules. The Notification Letter has no immediate impact on the listing or trading of the Company's shares on Nasdaq. The Notification Letter does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or contractual obligations.

Sunrise Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement

ZIBO, China, March 08, 2024 (GLOBE NEWSWIRE) --  Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced securing a significant financing of $14 million USD from China Everbright Bank. This low-interest loan effectively bolsters the Company's liquidity, ensuring seamless production and delivery of client orders. Among the esteemed clientele are globally renowned lithium battery manufacturers such as Contemporary Amperex Technology Co. Limited (CATL), BYD and HiTHIUM.

EPOW Receives $14 Million Financing from China Everbright Bank to Fulfill Orders from Leading Global Lithium Battery Manufacturers

ZIBO, China, March 07, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the acquisition of a significant order comprising 25,000 tons of energy storage materials from Xiamen HiTHIUM Energy Storage Technology Co., Ltd. (HiTHIUM). This collaboration marks a pivotal moment that Sunrise has ventured into the thriving energy storage battery materials market, increasing new avenues for growth and innovation, and consolidating its existing strength in electric vehicle battery materials.

EPOW Secures 25,000 Tons Energy Storage Material Order from HiTHIUM, a Global Leading Energy Storage Battery Manufacturer

ZIBO, China, March 06, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), announced today that Mr. Haiping Hu, Chairman, was awarded the esteemed title of "Outstanding Entrepreneur of Guizhou Province" for the years 2021-2023. The event, graced by senior officials including Guizhou Provincial governors, underscored Mr. Hu's exceptional leadership and contributions to the regional business landscape. In a parallel recognition of talent and dedication, Ms. Xianyan Zha, a high-level specialist at the Sunrise New Energy Research Center, was acknowledged as the "Rising Talent" in Qianxinan Prefecture by the Department of Human Resources and Social Security. Prior to this, the General Manager of the Company was honored as an "Elite Talent," while the Deputy General Manager was recognized as a "Key Talent" in the same domain of Qianxinan Prefecture.

Chairman of EPOW Honored as Outstanding Entrepreneur in Guizhou Province for Significant Contributions to Cultivating Technology Talent

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.

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

ZIBO, China, Jan. 12, 2024 (GLOBE NEWSWIRE) --  Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), announced today that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd. has announced its application for the prestigious China Patent Award, which is regarded as the foremost recognition in the field of intellectual property rights in China. Established in 1989, the China Patent Award is jointly organized by the State Intellectual Property Office of China and the World Intellectual Property Organization, with the aim of promoting and commending patented inventions and creations.

Sunrise New Energy Files for China Patent Award, the Highest Honor in Intellectual Property Rights

ZIBO, China, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), announced today that Mr. Haiping Hu, the Company's Chief Executive Officer, purchased 245,000 shares of the Company's ordinary shares in the first week of this year, at a price of $1.0706 per share, for approximately $262,297. Mr. Hu now beneficially owns a total of 7,107,933 ordinary shares of the Company.

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