BAIYU Secures $60 Million Electric Lithium Battery Contract in the U.S. Market
BAIYU Holdings (Nasdaq: BYU) has secured a $60 million contract for electric lithium batteries in the U.S. market. The company's subsidiary, BMYA New Energy Technology Inc. (BNET), signed the agreement with Feng's Auto Parts Inc., a U.S.-based auto parts supplier. The contract involves the sale of 50,000 sets of electric lithium batteries at $1,200 per unit, available in 6V and 12V configurations with capacities ranging from 100Ah to 300Ah. Deliveries are expected to be completed by May 2025. This marks BAIYU's official entry into the U.S. market with its proprietary lithium battery brand, advancing its position in the new energy sector.
BAIYU Holdings (Nasdaq: BYU) ha ottenuto un contratto di 60 milioni di dollari per batterie al litio elettriche nel mercato statunitense. La filiale dell'azienda, BMYA New Energy Technology Inc. (BNET), ha firmato l'accordo con Feng's Auto Parts Inc., un fornitore di ricambi auto con sede negli Stati Uniti. Il contratto riguarda la vendita di 50.000 set di batterie al litio elettriche a 1.200 dollari per unità, disponibili nelle configurazioni 6V e 12V con capacità che vanno da 100Ah a 300Ah. Le consegne dovrebbero essere completate entro maggio 2025. Questo segna l'ingresso ufficiale di BAIYU nel mercato statunitense con il suo marchio di batterie al litio proprietario, rafforzando la sua posizione nel settore delle nuove energie.
BAIYU Holdings (Nasdaq: BYU) ha asegurado un contrato de 60 millones de dólares para baterías de litio eléctricas en el mercado estadounidense. La subsidiaria de la compañía, BMYA New Energy Technology Inc. (BNET), firmó el acuerdo con Feng's Auto Parts Inc., un proveedor de piezas de automóviles con sede en EE. UU. El contrato involucra la venta de 50.000 juegos de baterías de litio eléctricas a 1.200 dólares por unidad, disponibles en configuraciones de 6V y 12V con capacidades que varían de 100Ah a 300Ah. Se espera que las entregas se completen para mayo de 2025. Esto marca la entrada oficial de BAIYU en el mercado estadounidense con su marca de batería de litio propietaria, avanzando su posición en el sector de la nueva energía.
BAIYU Holdings (Nasdaq: BYU)가 미국 시장에서 전기 리튬 배터리에 대한 6천만 달러 계약을 체결했습니다. 회사의 자회사인 BMYA New Energy Technology Inc. (BNET)는 미국 자동차 부품 공급업체인 Feng's Auto Parts Inc.와 계약을 체결했습니다. 이 계약은 50,000세트의 전기 리튬 배터리를 유닛당 1,200달러에 판매하는 내용을 포함하며, 6V 및 12V 구성으로 제공되며, 용량은 100Ah에서 300Ah까지 다양합니다. 배송은 2025년 5월까지 완료될 예정입니다. 이는 BAIYU가 자사의 독점 리튬 배터리 브랜드로 미국 시장에 공식 진출하는 것을 의미하며, 새로운 에너지 분야에서의 입지를 더 강화하고 있습니다.
BAIYU Holdings (Nasdaq: BYU) a obtenu un contrat de 60 millions de dollars pour des batteries lithium électriques sur le marché américain. La filiale de l'entreprise, BMYA New Energy Technology Inc. (BNET), a signé l'accord avec Feng's Auto Parts Inc., un fournisseur de pièces automobiles basé aux États-Unis. Le contrat concerne la vente de 50 000 ensembles de batteries lithium électriques à 1 200 dollars l'unité, disponibles en configurations 6V et 12V avec des capacités allant de 100Ah à 300Ah. Les livraisons devraient être terminées d'ici mai 2025. Cela marque l'entrée officielle de BAIYU sur le marché américain avec sa propre marque de batteries lithium, renforçant ainsi sa position dans le secteur des nouvelles énergies.
BAIYU Holdings (Nasdaq: BYU) hat einen Vertrag über 60 Millionen US-Dollar für elektrische Lithiumbatterien auf dem US-Markt gesichert. Die Tochtergesellschaft des Unternehmens, BMYA New Energy Technology Inc. (BNET), hat den Vertrag mit Feng's Auto Parts Inc., einem in den USA ansässigen Autoteilezulieferer, unterzeichnet. Der Vertrag umfasst den Verkauf von 50.000 Sets elektrischer Lithiumbatterien zu 1.200 US-Dollar pro Einheit, erhältlich in 6V- und 12V-Konfigurationen mit Kapazitäten von 100Ah bis 300Ah. Die Lieferungen sollen bis Mai 2025 abgeschlossen sein. Dies markiert den offiziellen Eintritt von BAIYU in den US-Markt mit seiner eigenen Lithiumbatteriemarke und stärkt seine Position im Bereich der neuen Energien.
- Secured a $60 million contract for electric lithium batteries
- Entered the U.S. market with proprietary lithium battery brand
- Sold 50,000 sets of batteries at $1,200 per unit
- Expanded presence in energy storage and lithium battery industries
- None.
This $60 million contract marks a significant milestone for BAIYU, potentially boosting its revenue and market position. The deal's value represents a substantial portion of the company's business, given its current market cap of around
However, investors should note the execution risks. The company's ability to deliver 50,000 battery sets on time and meet quality standards will be crucial. Profit margins aren't disclosed, leaving uncertainty about the deal's bottom-line impact. Additionally, the contract's size relative to BAIYU's current operations raises questions about production capacity and potential capital expenditure needs.
While this deal signifies a promising entry into the U.S. market, it's essential to monitor BAIYU's ability to leverage this opportunity for sustainable growth and profitability in the competitive energy storage sector.
BAIYU's entry into the U.S. electric lithium battery market is noteworthy, but the technical specifications provided are relatively basic. The 6V and 12V configurations with 100Ah to 300Ah capacity are standard for automotive and light industrial applications, not cutting-edge technology.
The
The company's ability to compete will depend on factors like performance, reliability and after-sales support. As the electric vehicle and renewable energy sectors grow, demand for such batteries is likely to increase, but so will competition from established players. BAIYU's success will hinge on delivering consistent quality and potentially innovating to differentiate its offerings in this rapidly evolving market.
BAIYU's
However, the U.S. battery market is highly competitive, with established players like Panasonic, LG Chem and domestic manufacturers. BAIYU's success will depend on:
- Product differentiation
- Cost competitiveness
- Building a strong distribution network
- Navigating potential trade tensions and regulations
While this contract is a positive step, BAIYU needs to leverage this opportunity to build brand recognition and secure additional partnerships to establish a sustainable market position. The company's ability to scale operations and maintain quality will be critical in capitalizing on the growing demand for electric lithium batteries in the U.S.
Pursuant to the Contract, Feng's Auto Parts Inc. agrees to purchase 50,000 sets of electric lithium batteries with a unit price of
Ms. Ouyang Renmei, Chief Executive Officer of BAIYU Holdings, Inc., commented: "Securing such a significant contract not only reflects our substantial progress in expanding our presence in the energy storage and lithium battery industries, but also highlights the effectiveness of our strategy and the recognition of our industry strength by the U.S. market. We are eager to pursue further opportunities like this to enhance our brand reputation and ultimately deliver greater value to our shareholders."
About BAIYU Holdings, Inc.
BAIYU Holdings, Inc. (NASDAQ: BYU) is a leading B2B bulk commodity e-commerce platform and supply chain service provider. Currently, the Company is focused on expanding its new business in photovoltaic, energy storage power, and fast-charging power stations, along with services for the new energy industry. The Company's business involves investing in fast-charging power stations, commercial power stations, and offering integrated new energy solutions and operations that encompass photovoltaic, energy storage, and fast-charging power stations. It offers comprehensive solutions and operations for global new energy storage systems and specialized sectors. With a central focus on new energy and an orientation towards integrated power systems, the Company is dedicated to fields like clean energy, smart power, intelligent photovoltaic, and the operation and maintenance of fast-charging station outlets. For more information, please visit www.baiyuglobal.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the
For more information, please contact:
BAIYU Holdings, Inc.
Investor Relations Department
Email: ir@baiyuglobal.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE BAIYU Holdings, Inc.
FAQ
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