ZIBO, China, July 11, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced the successful development of a new generation of anode material for solid-state batteries. This innovative porous silicon-carbon material promises a long driving range of over 1000 kilometers for the electric vehicle and high capacity.

The new anode material boasts an impressive first charging capacity of nearly 1800mAh/g and a first coulomb efficiency of approximately 91%. Additionally, the material demonstrates a robust cycle life, capable of enduring around 1500 to 2000 cycles.

"The successful development of the new generation porous silicon-carbon material is a milestone for Sunrise. It offers a higher energy density, meaning it can store more energy per unit volume or weight, leading to either a longer battery life or smaller, lighter battery packs. It also promises a longer cycle life, withstanding more charge-discharge cycles without degrading, thereby increasing the lifespan of the battery." stated Mr. Haiping Hu, CEO of Sunrise New Energy. "This breakthrough is expected to pave the way for longer-lasting, more efficient batteries, accelerating the adoption of electric vehicles and contributing to a more sustainable future."

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 has completed the construction of a manufacturing facility with a production capacity of 50,000 tons 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 years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.