Sunrise New Energy Co., Ltd. announced on September 25, 2025, that it has secured approximately 4.3 million RMB (around $590,000 USD) in funding from the National Science and Technology Development Fund. This grant is designated to accelerate advancements in battery anode materials, with a particular emphasis on enhancing industrial capabilities within Jiangxi Province. The initiative aims to achieve critical breakthroughs in the design, precise control, and large-scale production of battery anode materials derived from diverse carbon sources. This strategic investment is set to foster the development of an integrated platform encompassing research and development, technology transfer, incubation, services, industry, and capital. Such a platform is designed to drive innovation in graphite anode technology, provide robust support for regional industrial transformation, cultivate talent, and bolster the long-term competitiveness of the battery materials sector.
Sunrise New Energy, headquartered in Zibo City, Shandong Province, China, operates through a joint venture specializing in the manufacturing and sales of lithium-ion battery graphite anode materials. The company's manufacturing facility, located in Guizhou Province, possesses an annual production capacity of 50,000 tons and utilizes electricity sourced from renewable energy, positioning Sunrise as a producer of cost-effective graphite anode materials with a minimized environmental impact. The company's visionary leadership is spearheaded by its founder and CEO, Mr. Hu Haiping, a recognized pioneer in China's graphite anode industry since 1999. The management team comprises seasoned experts with extensive experience in the graphite anode field.
In parallel with this grant, Sunrise New Energy has been recognized as one of the top eleven global suppliers of artificial graphite anode materials for both energy storage and electric vehicle batteries. This recognition underscores Sunrise's robust growth and ongoing technological advancements, including the filing of 97 domestic and international patents, with 39 already granted. Recent financial reports indicate a positive turnaround for Sunrise, with a reported combined net profit exceeding $0.57 million in July-August 2025. This financial resurgence is attributed to optimized cost controls and enhanced production efficiencies, particularly through increased in-house graphitization processing. The company also commenced construction on a new 20,000-ton high-end graphite anode production line in Guizhou Province in September 2025, which is expected to further boost supply capacity and profitability.
As of September 26, 2025, Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) was trading at $1.23 per share. The company's stock experienced a notable surge of 14.6% on September 25, 2025, following the announcement of the government grant. Despite past operational challenges, Sunrise has demonstrated strong revenue growth, with a 44.28% increase in the last twelve months.