SHENZHEN, China, Dec. 24,
2024 /PRNewswire/ -- BAIYU Holdings, Inc. has
dispatched a professional operating team to launch a business in
the dismantling of used cars and the sales of auto parts in
the United States. The market size
of the automotive dismantling and parts remanufacturing industry in
the United States reaches hundreds
of billions of USD, presenting tremendous development potential. In
the automotive aftermarket, 80% of the parts are remanufactured
components, occupying a significant position in the market.
Previously, BAIYU Holdings Limited established BMYA NEW ENERGY
TECHNOLOGY INC. This company primarily provides lithium iron
phosphate batteries, lead-acid batteries, industrial
valve-regulated batteries, automotive and electric vehicle
batteries, energy storage batteries, and other related products and
services. These are widely used in fields such as power and
telecommunications, transportation and logistics, marine and
automotive, aerospace, intelligent robots, electric tools,
industrial energy storage and power generation, photovoltaic power
generation, intelligent drones, electric vehicles, military
equipment, and more. BMYA enjoys robust support from OEM/ODM
manufacturers and boasts a comprehensive product supply chain.
Additionally, it has formed strategic partnerships with multiple
scientific research institutions.
About BAIYU Holdings Limited
BAIYU Holdings, Inc. was incorporated in Delaware in December
2011. Initially, the company's primary business was
providing lending and financial guarantee services to small and
medium-sized enterprises or individuals, and it also developed
operations and leasing services for used luxury cars in
China. In 2020, through an asset
reorganization, the company's main business was transformed into
commodity trading and supply chain services. Building on this core
business, the company has expanded into the renewable energy
sector, encompassing the research and development, production, and
sales of energy storage power supplies and lithium batteries, the
construction and operation of charging and battery-swapping
stations, and integrated services, as well as the dismantling of
used cars and the sale of auto parts. Adhering to the development
philosophy of "Innovation, Integrity, and Excellence," the company
continues to deepen its presence in the renewable energy industry,
striving to create more competitive environmentally friendly and
energy-saving products for the markets it serves and enhancing its
brand reputation. For more information, please visit
www.baiyuglobal.com.
For more information, please contact:
BAIYU Holdings, Inc.
Investor Relations Department
Email: ir@baiyuglobal.com
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SOURCE BAIYU Holdings, Inc.
