BAIYU Holdings, Inc. (BYU), a prominent B2B bulk commodity e-commerce platform, has announced securing a significant $60 million contract with Feng’s Auto Parts Inc. This agreement marks BAIYU’s strategic entry of its proprietary lithium battery brand into the U.S. market through its subsidiary, BMYA New Energy Technology Inc. BAIYU aims to strengthen its position in the new energy sector.

Key Details of the Lithium Battery Contract

The contract outlines the purchase of 50,000 electric lithium battery sets by Feng’s Auto Parts Inc., each priced at $1,200. The batteries, available in 6V and 12V configurations, possess current capacities ranging from 100Ah to 300Ah. BAIYU plans to complete all deliveries by May 2025.

Impact on BAIYU’s Market Strategy

Ms. Ouyang Renmei, the CEO of BAIYU Holdings, Inc., stated that this achievement underscores BAIYU’s expansion in the energy storage and lithium battery industries. She emphasized the company’s successful strategy and recognition in the U.S. market, reflecting on the company’s dedication to increasing brand reputation and shareholder value.

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