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DOVER, USA - Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced Wednesday that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has received a Japanese patent for its manufacturing method of anode material for lithium-ion batteries. The company’s stock, currently trading at $1.40, has surged over 70% in the past week, reflecting strong investor interest in its technological developments.
The patent (No. 7413482) covers a production process for high-performance graphite-based anodes, which the company says improves efficiency, cycle life, and power performance of the materials.
This addition expands Sunrise’s intellectual property portfolio, which already includes patents in the United States and Korea. The company develops materials used in lithium-ion batteries for applications including electric vehicles and energy storage systems.
"This Japanese patent is a significant step in consolidating our international technology footprint," said Haiping Hu, CEO of Sunrise, in the press release statement.
Sunrise New Energy operates through a joint venture with a manufacturing facility in Guizhou Province, China, which has a production capacity of 50,000 tons. According to the company, the plant utilizes electricity from renewable sources.
The company is headquartered in Zibo, Shandong Province, China, and is listed on the Nasdaq stock exchange. Discover more detailed financial analysis and exclusive insights about EPOW on InvestingPro.
In other recent news, Sunrise New Energy Co., Ltd. announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has been granted a U.S. patent for a preparation method of anode material for lithium-ion batteries. This patented technology reportedly enhances the initial Coulombic efficiency and power performance of graphite composites. Additionally, the company secured a Korean patent for a novel preparation method of graphite-based anode materials, which is said to improve efficiency, cycle life, and power performance. In a strategic move to expand its presence in the energy storage market, Sunrise New Energy plans to build a 1GW lithium battery pack facility in the United States through its new subsidiary, Alchemistica Incorporated. This project aims to meet the rising demand for energy storage solutions in North America, focusing on residential and commercial applications. Furthermore, Sunrise New Energy received a $137,000 grant from the Guizhou Provincial Department of Science and Technology to establish a Provincial Science and Technology Innovation Leading Talent Workstation for New Energy Battery Materials. The company will collaborate with Professor Bin Xu, a National Changjiang Scholar, on this initiative. These developments underscore Sunrise New Energy’s ongoing efforts to advance its technology and strengthen its market position.
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