Sunrise New Energy Plans 1GW US Lithium Battery Project

Sunrise New Energy Co., Ltd. announced plans to build a 1GW lithium battery pack manufacturing facility in the United States through its new subsidiary, Alchemistica Incorporated, aiming to meet the growing demand for energy storage batteries in North America across residential and commercial sectors. The initiative will leverage the expertise of CEO Haiping Hu and intends to strengthen synergies between downstream battery applications and the company's upstream graphite anode material business, fostering a broader new energy ecosystem in the region. Despite facing financial challenges such as negative profitability margins and a distressed Altman Z-Score, Sunrise has demonstrated strong revenue growth and operates a low-cost, renewable-energy-powered graphite anode material manufacturing plant in China. Additionally, Sunrise has been recognized as one of the top eleven global suppliers of artificial graphite anode materials for energy storage and EV batteries, supported by extensive patent filings and an in-house graphitization process that enhances quality control and cost efficiency. The company anticipates that ongoing production process optimization and capacity expansion will further reduce costs, supporting sustained revenue growth and profitability. Overall, Sunrise New Energy is positioning itself as a significant player in the lithium battery and anode materials market with strategic U.S. expansion and a strong technological foundation.