Samsung SDI Announces Major Strategic Shift in Lithium Batteries Samsung SDI (006400) has announced a focused strategy shift towards expanding its lithium battery business. The company has made the strategic decision to divest its polarizer division to a Chinese manufacturer for KRW1.1 trillion, approximately US$820… Read More »Samsung SDI Expands Lithium Battery Business with Strategic Shift
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… Read More »BAIYU Secures $60 Million Lithium Battery Contract in U.S. Market
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… Read More »BAIYU Secures $60M Lithium Battery Contract in US
BAIYU Holdings, Inc. (BYU) has signed a $60 million deal in the U.S. market, marking the entry of their lithium battery lineup. The company’s subsidiary, BMYA New Energy Technology, will supply 50,000 electric lithium battery sets to Feng’s Auto Parts Inc., each priced at $1,200.… Read More »BAIYU Secures $60M U.S. Lithium Battery Contract
BAIYU Acquires Leading Energy Storage and Lithium Battery Company BAIYU Holdings, Inc. (BYU), a prominent B2B bulk commodity platform, announced that it has signed a definitive share purchase agreement to acquire Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. This acquisition aims to propel BAIYU’s expansion… Read More »BAIYU Acquires Leading Energy Storage and Lithium Battery Company
Lithium Battery Company CEO Arrested Aricell (ARCL), a notable name in the lithium battery industry, is under intense scrutiny. The CEO, Park Soon-kwan, has been arrested following a fatal fire at their South Korean facility. Tragic Industrial Disaster In June, a catastrophic fire at the… Read More »Lithium Battery Company CEO Arrested for South Korea Factory Fire
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.… Read More »BAIYU Secures $60 Million U.S. Lithium Battery Contract
BAIYU Secures Major Lithium Battery Contract BAIYU Holdings, Inc. (BYU), a prominent B2B bulk commodity e-commerce platform, recently announced its expansion into the U.S. market. The company, through its subsidiary BMYA New Energy Technology Inc. (BNET), signed a $60 million contract with Feng’s Auto Parts… Read More »BAIYU Secures $60 Million Contract for Lithium Batteries in U.S.
South Korea Lithium Battery Fire: Key Safety Failures Aricell (ARCL) faced a devastating fire at its lithium battery plant in June, with authorities citing significant safety oversights. In one of South Korea’s deadliest industrial incidents, at least 23 individuals lost their lives. Rushed Production Amid… Read More »South Korea Lithium Battery Plant Fire: Safety Failures Revealed
Lithium-ion Batteries: The Current Standard Lithium-ion batteries have been the industry standard for years, powering everything from smartphones to electric vehicles. However, the extraction and purification of lithium for use in batteries is a complex and costly process. In 2023, the price of lithium carbonate… Read More »The Future of Energy Storage: Lithium and Beyond
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