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Sunrise New Energy Announced the project of "Sodium-ion battery hard carbon anode material research and development" has passed the review of Guizhou Provincial Science and Technology Support Plan
ZIBO, China, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today
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[{"type":"text","content":"ZIBO, China, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the project of \"Sodium-ion battery hard carbon anode material research and development\" (the “Project”) proposed by Sunrise (Guizhou) New Energy Materials Co., Ltd. has passed the review of the Science and Technology Support Plan of Guizhou Provincial Department of Science and Technology. The Guizhou Provincial Science and Technology Support Plan is aimed at conducting research on breakthrough technologies of key industries and social welfare, using government investment and policy incentives to drive industrial capital investment, to enhance the competitiveness and sustainable development of industries. Sodium-ion batteries (SIBs) are environmentally friendly and low-cost alternatives to lithium-ion batteries (LIBs). Compared with lithium, sodium is richer and widely distributed in the earth's crust. Therefore, the average cost of SIBs after large-scale production will be 25%-35% cheaper than LIBs. However, the lack of suitable anode materials has hindered the rapid development of Sodium-ion battery. Therefore the development of high-performance anode materials for Sodium-ion battery is crucial. “We are thrilled to announce this Project” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “The breakthrough technology of the Project can effectively reduce the company's production costs, enhance our competitiveness, and cultivate a group of high-tech talents in the field of materials.” 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 260,543 ㎡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 years of experiences and strong track-records of success in the graphite anode ...