BAIYU Holdings (BYU), a leader in B2B bulk commodity e-commerce, has entered a definitive agreement to acquire Shenzhen Jintongyuan Energy Storage Technology. This acquisition reflects BAIYU’s strategic shift into the renewable energy storage market.

BAIYU’s Strategic Expansion

BAIYU will acquire Jintongyuan, a prominent Chinese energy storage technology firm, for RMB750 million. This purchase aims to strengthen BAIYU’s foothold in the North American market, leveraging Jintongyuan’s expertise in energy storage solutions.

Focus on the North American Market

Jintongyuan specializes in research, design, and maintenance of energy storage batteries and lithium battery products. They offer full-cycle services and customized energy solutions, targeting large electric power vehicles such as trams and forklifts.

Benefits of the Acquisition

This acquisition supports BAIYU’s vision of sustainable development and a circular economy. By integrating Jintongyuan’s capabilities, BAIYU plans to enhance its global presence in renewable energy markets.

BAIYU Holdings (BYU) is committed to driving growth through innovation and strategic acquisitions.

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