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Investing.com -- Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) stock surged 14.6% Thursday after the battery anode materials manufacturer announced it has been awarded a grant of approximately RMB 4.3 million (USD 0.59 million) from the National Science and Technology Development Fund.
The grant will support the company’s project aimed at accelerating industrial upgrading in Qianxinan prefecture. Sunrise plans to focus on breakthroughs in the design, precision control, and large-scale preparation of battery anode materials derived from various carbon sources.
As part of the initiative, the company will build a comprehensive platform combining research and development, technology transfer, incubation, services, industry, and capital. This platform is intended to advance innovation in graphite anode technologies while establishing support systems for regional industrial transformation.
The project also aims to foster talent development and enhance long-term competitiveness in the battery materials sector, according to the company’s announcement.
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