In Interview by The Wall Street Resource EPOW’s Chairman Discusses Roadmap to Becoming a Multi-Billion-Dollar Corporation

Rhea-AI Summary

On December 14, 2022, Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) announced a $464 million purchase order, as discussed by Chairman Mr. Haiping Hu in an interview with The Wall Street Resource Podcast. The company aims to establish itself as a leader in the graphite anode industry. Sunrise is developing a 138,000 ㎡ manufacturing facility in Guizhou Province, utilizing renewable energy to minimize costs and environmental impact. The company focuses on producing graphite anode material for lithium-ion batteries and aims for significant growth in market presence.

Positive

• Secured a $464 million purchase order, indicating strong market demands.
• Plans to build a 138,000 ㎡ manufacturing plant, enhancing production capacity.
• Utilization of renewable energy sources, reducing costs and environmental impact.

Negative

• None.

ZIBO, China, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Company’s Chairman Mr. Haiping Hu was interviewed by The Wall Street Resource Podcast hosted by Jeff Kone.

In the interview Mr. Hu discusses how the Company won its recently announced $464 million purchase order and his goals to repeat his past success in the graphite anode industry by growing Sunrise into the industry leader and a multi-billion-dollar corporation.

The interview was posted today and is free of cost to all listeners and available at https://thewallstreetresource.com/webcasts/

About Sunrise New Energy Co., Ltd

Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture is constructing a 138,000 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with a cumulative decades of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform business. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.

Forward-looking statement

Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China's macroeconomic conditions, the international market conditions served by the company, and other related risks and assumptions disclosed in the prospectus. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC’s website to consult the company's relevant documents for other factors that may affect the company's future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.

For more information, please contact:

The Company:
IR Department
Email: IR@sunrisenewenergy.com
Phone: +86 4009919228

FAQ

What recent purchase order did Sunrise New Energy announce on December 14, 2022?

Sunrise New Energy announced a significant $464 million purchase order.

What industry is Sunrise New Energy primarily involved in?

Sunrise New Energy is primarily involved in the graphite anode sector for lithium-ion batteries.

Who is the chairman of Sunrise New Energy?

Mr. Haiping Hu is the chairman of Sunrise New Energy.

What is the future plan for Sunrise New Energy's manufacturing capacity?

The company plans to construct a 138,000 ㎡ manufacturing facility in Guizhou Province.

How does Sunrise New Energy aim to become a leader in its industry?

Sunrise aims to grow into a multi-billion-dollar corporation by replicating past successes in the graphite anode industry.