SHENZHEN, China, Dec. 24, 2024 — BAIYU Holdings, Inc. has established a U.S. operation focused on used car dismantling and auto parts sales. The U.S. automotive dismantling and parts remanufacturing market is a multi-billion dollar industry with significant growth potential. Remanufactured parts comprise 80% of the aftermarket, highlighting the sector’s importance.

BAIYU Holdings Limited previously founded BMYA NEW ENERGY TECHNOLOGY INC., a supplier of lithium iron phosphate batteries, lead-acid batteries, industrial valve-regulated batteries, automotive and electric vehicle batteries, and energy storage batteries. These products serve diverse sectors including power, telecommunications, transportation, marine, automotive, aerospace, robotics, industrial energy storage, photovoltaic power generation, drones, military applications, and more. BMYA benefits from strong OEM/ODM partnerships and a comprehensive supply chain, along with strategic collaborations with research institutions.

About BAIYU Holdings Limited

BAIYU Holdings, Inc., incorporated in Delaware in December 2011, initially offered lending and financial guarantee services to SMEs and individuals, and also operated a used luxury car leasing business in China. Since 2020, following an asset restructuring, the company’s core business is commodity trading and supply chain services. This has expanded into renewable energy, encompassing R&D, production, and sales of energy storage and lithium batteries; the development and operation of charging and battery-swapping stations; integrated services; and used car dismantling and parts sales. Committed to “Innovation, Integrity, and Excellence,” BAIYU continues to expand its renewable energy activities, aiming to deliver competitive, eco-friendly products and enhance its brand reputation.

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BAIYU Holdings, Inc.
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SOURCE BAIYU Holdings, Inc.