Welcome to our dedicated page for Sunrise New news (Ticker: EPOW), a resource for investors and traders seeking the latest updates and insights on Sunrise New stock.
Sunrise New Energy (EPOW) delivers innovative graphite anode solutions for lithium-ion batteries through sustainable manufacturing processes. This news hub provides investors and industry stakeholders with essential updates on operational milestones, technological advancements, and market positioning.
Access authoritative reporting on EPOW's financial results, production expansions, and R&D breakthroughs in energy storage materials. Our curated news collection covers strategic partnerships, manufacturing efficiency gains, and emerging applications for the company's cost-competitive anode products.
Key updates include earnings announcements, facility developments at the renewable-powered joint venture plant, and innovations in artificial graphite formulations. Track how EPOW's low-cost production model and material science expertise address evolving demands in electric vehicle and renewable energy storage markets.
Bookmark this page for verified updates on Sunrise New Energy's progress in scaling sustainable battery material production while maintaining rigorous quality standards. Regular updates ensure you stay informed about critical developments shaping the company's role in advanced energy solutions.
Sunrise New Energy (NASDAQ: EPOW) has secured a $960,000 science and technology grant from the Guizhou Provincial Department of Science and Technology for its innovative sodium-ion battery anode project. The company's project, focused on developing long-life, low-cost sodium-ion battery hard carbon anode materials, was selected after multiple expert panel reviews.
The company's proprietary hard carbon anode technology demonstrates impressive performance metrics, including ≥90% initial Coulombic efficiency and ≥85% capacity retention after 1,000 cycles. This technology aims to overcome current limitations in commercializing suitable anode materials for sodium-ion batteries, which are particularly valuable for large-scale energy storage systems and EVs in colder regions.
Notably, Sunrise's project is the only anode materials initiative in Guizhou Province to receive this grant.
Sunrise New Energy (NASDAQ: EPOW) reported significant sales growth in its EV and energy storage business. The company achieved 3,419 tons in sales volume for October 2024, marking a 449.8% increase from October 2023. Cumulative sales from January to October 2024 reached 22,476 tons, up 131.1% compared to the same period in 2023.
The growth was driven by partnerships with major battery manufacturers including CATL (world's largest EV battery maker), HiTHIUM Energy Storage, and Pylon Technologies. The company expects stronger sales for the remaining months of 2024.
Sunrise New Energy Co., (NASDAQ: EPOW) has secured a $1.04 million special technology fund for its innovative silicon-carbon anode project. The project, titled "Key Technologies and Engineering for New Silicon-Carbon Anode Materials in Lithium-Ion Batteries," received approval from the Guizhou Provincial Department of Science and Technology's expert panel after multiple evaluations.
The project boasts advanced technology with impressive specifications:
- Specific capacity: ≥1900mAh/g
- First coulomb efficiency: ≥91%
- Cycle life: 1000 cycles with ≥80% capacity retention
These features position the project at the forefront of global battery technology and could lead to significant improvements in solid-state battery performance. CEO Haiping Hu emphasized that Sunrise is the only anode materials company in Guizhou Province to receive such funding for this type of project.
Sunrise New Energy Co., (NASDAQ: EPOW) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq on September 9, 2024, confirming that it has met the listing rule 5550(a)(2). This achievement comes after EPOW's closing bid price remained at $1.00 or higher for 10 consecutive business days from August 22 to September 6, 2024. As a result, the bid price deficiency matter has been resolved, and Sunrise will continue to be listed on the Nasdaq Capital Market.
Sunrise New Energy Co., (NASDAQ: EPOW) has reported a significant 132% increase in sales volume for the first half of 2024, selling 10,400 tons of products. The company, featured in a Guizhou TV report, is recognized as a leading manufacturer of lithium-ion battery anode materials. Sunrise holds over 70 global patents and offers a wide range of anode materials including synthetic graphite, natural graphite, composite graphite, soft carbon, hard carbon, and silicon-carbon.
These products are extensively used in electronics, electric vehicles, and energy storage. The company has established R&D partnerships with industry-leading enterprises across the value chain. Sunrise's production capacity is reported to meet the increasing demand for high-end anode materials from its contracted leading enterprises. The Guizhou Provincial Radio and Television Channel commended Sunrise for its role in promoting high-quality industry development and contributing to the local economy.
Sunrise New Energy Co., (NASDAQ: EPOW) has secured an additional $13.75 million low-interest loan from China Construction Bank (CCB), bringing the total loans received from CCB in 2024 to $27.51 million. This infusion of capital will enhance the company's liquidity, enabling faster delivery of orders from major global lithium battery manufacturers like CATL, BYD, and HiTHIUM.
CCB's rigorous loan approval process evaluates various aspects of a company, including assets, financial status, and technological achievements. Securing this loan is seen as a strong affirmation of Sunrise New Energy's capabilities. CEO Haiping Hu emphasized that this low-interest capital will allow the company to take on more orders, potentially increasing revenue and profitability without diluting shareholder equity.
Sunrise New Energy (NASDAQ: EPOW) has unveiled two innovative silicon-carbon anode products for solid-state batteries, targeting electric vehicles and high-end 3C digital products. These anodes feature high energy density and discharge rates, with capacities of 1660mAh/g (90% initial efficiency) and 1800mAh/g (91%+ initial efficiency). The products solve the expansion issue of silicon-based materials during charge-discharge cycles, offering improved performance over previous generations.
Key features include high initial efficiency, high capacity, excellent rate performance, and a cycle life exceeding 1500 cycles. The company is also developing a 500-ton production line for high-performance, high-purity resin-based porous carbon materials, expected to be operational by year-end. Sunrise New Energy's innovative production process aims to reduce equipment investment and energy consumption compared to competitors.
Sunrise New Energy (NASDAQ: EPOW) announced the successful development of a new generation porous silicon-carbon anode material for solid-state batteries. This material enables electric vehicles to achieve a driving range of over 1000 kilometers and boasts a first charging capacity of nearly 1800mAh/g and a first coulomb efficiency of approximately 91%. The new anode also supports a robust cycle life of 1500 to 2000 cycles. According to CEO Haiping Hu, this breakthrough offers higher energy density and longer battery life, which could accelerate the adoption of electric vehicles and promote sustainability.
Sunrise New Energy announced a $13.76 million low-interest loan from China Construction Bank (CCB) on June 27, 2024. This loan enhances the company's liquidity, allowing it to accelerate the delivery of high-demand orders from major clients like CATL, BYD, and HiTHIUM. The loan approval reflects a positive evaluation of Sunrise’s assets, financial health, technology, talent, patents, and market standing. CEO Haiping Hu emphasized that this loan avoids shareholder dilution while providing necessary funds to meet increasing order volumes, potentially boosting revenue and profits.
Sunrise New Energy (NASDAQ: EPOW) announced the acquisition of a significant new client, Times Geely (Sichuan) Power Battery. This client will start with a substantial monthly order of 300 tons of anode materials for power batteries.
Times Geely is a joint venture between CATL, the world's largest power battery manufacturer, and Zhejiang Geely Holding Group, a Fortune 500 auto manufacturer. The order underscores the high quality of Sunrise's lithium battery anode materials and is expected to significantly enhance the company's performance and market presence.
Chairman Haiping Hu stated that the new order from Times Geely not only confirms the reliability of Sunrise's products but also sets the stage for substantial future growth and revenue.
