Sunrise New Energy receives $137,000 grant for battery research

DOVER, USA - Sunrise New Energy Co., Ltd. (NASDAQ:EPOW), whose stock has surged over 10% in the past week despite showing weak financial health according to InvestingPro analysis, announced Tuesday that its subsidiary has been awarded a $137,000 special fund grant from the Guizhou Provincial Department of Science and Technology.

The grant will establish a Provincial Science and Technology Innovation Leading Talent Workstation for New Energy Battery Materials, according to a company press release. The workstation, referenced as Project KXJZ [2025] 021, will be jointly built with Professor Bin Xu, identified as a National Changjiang Scholar.

Research at the facility will focus on next-generation anode technologies for power batteries, including fast-charging graphite, silicon-carbon composites, and hard carbon materials. The project aims to create an integrated platform connecting industry, academia, research, and applications.

Haiping Hu, CEO of Sunrise New Energy, stated that the funding "reflects strong recognition of Sunrise’s innovation capabilities and commitment to next-generation battery materials."

Sunrise New Energy operates through a joint venture that manufactures graphite anode material for lithium-ion batteries. The company has a production facility in Guizhou Province with a reported capacity of 50,000 tons.

The company’s stock is listed on the Nasdaq under the ticker EPOW.

In other recent news, Sunrise New Energy Co., Ltd. has been granted a U.S. patent for a new method of preparing anode material for lithium-ion batteries. This innovative process, involving titanium/nitrogen/fluorine co-doped porous titanium dioxide, aims to enhance the initial Coulombic efficiency and power performance of graphite composites. Additionally, the company announced plans to establish a 1GW lithium battery pack project in the United States through its subsidiary, Alchemistica Incorporated. This facility is designed to meet the rising demand for energy storage in North America, focusing on residential and commercial applications.

Furthermore, Sunrise New Energy has secured a grant of approximately $0.59 million from the National Science and Technology Development Fund. The funding will be used to support advancements in battery anode materials, specifically targeting industrial upgrades in Qianxinan prefecture. The company’s efforts will concentrate on breakthroughs in design, precision control, and large-scale preparation of battery anode materials. These developments reflect the company’s strategic initiatives to expand its footprint and technological capabilities in the energy sector.

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