BAIYU Holdings Expands Operations in the U.S. Auto Parts and Energy Storage Sector

BAIYU Holdings Ventures into the U.S. Automotive Parts and Lithium Battery Sectors

BAIYU Holdings, Inc. has made a strategic move into the U.S. market, where it plans to engage in the dismantling of used cars and the sale of automotive parts. This venture taps into a lucrative automotive dismantling and parts remanufacturing industry valued at hundreds of billions of dollars in the United States, showcasing significant growth potential. Notably, approximately 80% of parts within the automotive aftermarket are remanufactured, indicating a strong market share for BAIYU’s new business efforts.

The company, which previously established BMYA NEW ENERGY TECHNOLOGY INC., has a strong foundation in producing various types of batteries, including lithium iron phosphate and lead-acid batteries. These products are deployed across a multitude of industries such as telecommunications, transportation, marine, space exploration, and robotics, further extending the company’s reach and operational capacity.

The comprehensive array of battery products delivered by BMYA includes energy storage batteries that have become essential in today's eco-conscious markets. The deployment constitutes significant partnerships with original equipment manufacturers (OEMs) and original design manufacturers (ODMs), ensuring a robust supply chain and reliable product distribution for BAIYU. Their focus on sectors such as electric vehicle infrastructure and energy storage solutions aligns with global demands for sustainable energy practices.

Founded in Delaware in 2011, BAIYU Holdings, Inc. initially focused on financial services, offering lending and guarantees to small and medium-sized businesses. The company found its niche in the luxury car leasing market in China before transforming its core business through strategic asset reorganization by 2020 to commodity trading and supply chain services. This pivot enabled BAIYU to delve into the renewable energy sector, covering aspects of R&D, production, and sales of energy storage systems and lithium batteries, alongside car dismantling operations and automotive parts retailing.

Following their development philosophy of