BAIYU Holdings, Inc. (BYU), a prominent B2B bulk commodity e-commerce platform and supply chain service provider, has announced a significant achievement. The company, through its subsidiary BMYA New Energy Technology Inc. (BNET), signed a US$60 million contract for electric lithium batteries with Feng’s Auto Parts Inc., a key U.S. auto parts supplier.

Baiyu Expands into U.S. Lithium Battery Market

This contract marks the debut of BAIYU’s proprietary lithium batteries in the U.S., enhancing its strategic foothold in the new energy sector. Under the contract, Feng’s Auto Parts Inc. will purchase 50,000 sets of 6V and 12V electric lithium batteries, ranging from 100Ah to 300Ah, from BNET. Deliveries are expected to conclude by May 2025.

Strengthening Brand Reputation

Ms. Ouyang Renmei, CEO of BAIYU Holdings, stated that securing this contract not only demonstrates progress in the lithium battery industry but also highlights the recognition BAIYU receives in the U.S. market. The company aims to explore further opportunities to enhance brand reputation and add value for shareholders.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News