ZIBO, China, Sept. 26, 2025 — Sunrise New Energy Co., Ltd. (NASDAQ: EPOW), a leading battery anode material manufacturer and innovator, announced plans to construct a 1GW lithium battery pack project in the United States through its newly formed U.S. subsidiary, Alchemistica Incorporated. This strategic move aims to capitalize on the rapidly growing demand for energy storage batteries in the U.S. and North American markets, including residential, commercial, and industrial (C&I) sectors.
The project will benefit from the expertise of Mr. Haiping Hu, Sunrise’s founder and CEO, a seasoned expert in the energy storage field. Mr. Hu has a long track record of leading international teams in battery pack production, technological advancement, research and development, and market expansion, bringing extensive industry knowledge and a global perspective to this undertaking.
By establishing local pack production capabilities in the United States, Sunrise seeks to enhance the synergy between downstream battery applications and its upstream anode material business. This integrated strategy is expected to continuously boost sales of Sunrise’s graphite anode materials while setting the stage for a broader new energy industry presence in North America.
About Sunrise New Energy Co., Ltd
Sunrise New Energy Co., Ltd., headquartered in Zibo, Shandong Province, China, manufactures and sells graphite anode material for lithium-ion batteries through its joint venture. The company’s joint venture has completed a 50,000-ton production facility in Guizhou Province, China. This plant utilizes cost-effective electricity generated from renewable sources, positioning Sunrise New Energy as a cost-effective and environmentally conscious graphite anode material producer. Mr. Haiping Hu, the company’s founder and CEO, has been a key figure in the Chinese graphite anode industry since 1999. The management team consists of experts with substantial experience and proven success in the graphite anode sector. Additionally, the company operates a knowledge-sharing platform in China. Further details are available on the company’s website at .
Forward-looking statement
This press release contains forward-looking statements regarding the Company’s expectations, plans, and prospects, as defined by the Private Securities Litigation Reform Act of 1995. These statements concern plans, goals, objectives, strategies, future events, anticipated results, assumptions, and any factual statements that have not yet occurred. Terms such as “may,” “will,” “want,” “should,” “believe,” “expect,” “estimate,” or similar non-factual expressions identify forward-looking statements. Actual results may differ significantly from historical results or the content of these statements due to various factors. These factors include, but are not limited to, the company’s strategic objectives, future plans, market demand and acceptance of its products or services, technological advancements, economic trends, company reputation and brand image, industry competition and bidding impacts, relevant policies and regulations, macroeconomic fluctuations in China, international market conditions, and other related risks and assumptions detailed in the Company’s Annual Report on Form 20-F available on the SEC’s website. Investors are encouraged to review the SEC’s website and consider these and other factors that could affect the Company’s future operating results. The Company undertakes no obligation to publicly update or revise these forward-looking statements unless required by law.
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