**BAIYU Holdings (BYU)** has announced a significant milestone with a $60 million contract for electric lithium batteries in the U.S. market. Their subsidiary, BMYA New Energy Technology Inc. (BNET), will supply 50,000 battery sets to Feng’s Auto Parts Inc., a prominent U.S.-based supplier.

BAIYU’s Entry into the U.S. Market

The contract signifies BAIYU Holdings‘ formal entry into the U.S. market with its proprietary lithium battery brand, strategically enhancing its presence in the new energy sector. Deliveries are expected to be completed by May 2025.

Details of the Battery Agreement

Under the terms, BAIYU will sell the batteries at $1,200 per set, available in 6V and 12V configurations with capacities ranging from 100Ah to 300Ah.

CEO’s Perspective

CEO Ms. Ouyang Renmei highlighted the importance of this contract in expanding their footprint in the energy storage industry. This deal underscores their strategy’s effectiveness and the recognition received in the U.S. market.

About BAIYU Holdings

BAIYU Holdings is a leader in B2B bulk commodity e-commerce and supply chain services. They focus on new energy solutions, including photovoltaic, energy storage power, and fast-charging power stations.

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