BAIYU Holdings, Inc. (NASDAQ: BYU) announced a major milestone today. The company, through its subsidiary BMYA New Energy Technology Inc., has secured a $60 million contract with Feng’s Auto Parts Inc., a U.S.-based auto parts supplier. This contract marks BAIYU’s official entry into the U.S. market with its proprietary lithium battery brand.

BAIYU’s U.S. Entry with Lithium Batteries

BAIYU will supply 50,000 sets of electric lithium batteries, available in 6V and 12V configurations, to Feng’s Auto Parts Inc. Each unit is priced at $1,200. Deliveries are expected to be completed by May 2025. This strategic agreement signifies BAIYU’s expansion into the U.S. market, enhancing its presence in the energy storage sector.

CEO’s Statement on New Contract

CEO Ms. Ouyang Renmei commented on the contract, stating, “This significant contract not only highlights our growth in energy storage but also emphasizes our strategic positioning in the industry.” The CEO expressed eagerness for further opportunities to strengthen BAIYU’s market reputation.

About BAIYU Holdings, Inc.

BAIYU Holdings, Inc. is a leading B2B bulk commodity e-commerce platform and supply chain service provider. The company focuses on expanding new business ventures in photovoltaic, energy storage power, and fast-charging power stations. BAIYU offers comprehensive new energy solutions, aiming to grow its influence in global energy storage systems.

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