BAIYU Holdings, Inc. (BYU) has signed a $60 million deal in the U.S. market, marking the entry of their lithium battery lineup. The company’s subsidiary, BMYA New Energy Technology, will supply 50,000 electric lithium battery sets to Feng’s Auto Parts Inc., each priced at $1,200.

The Contract Details

The contract involves 6V and 12V electric lithium batteries, with capacities from 100Ah to 300Ah. Deliveries are expected to finish by May 2025.

Strategic Impact

This significant deal showcases BAIYU’s progress and strength in the energy sector. CEO Ms. Ouyang Renmei emphasizes the intent to further enhance brand presence and shareholder value.

Implications for U.S. Market

The partnership strengthens BAIYU’s footprint in the U.S., reflecting their growing influence in the lithium battery industry.

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