SHENZHEN, China, Dec. 24,
2024 /PRNewswire/ -- In the process of
globalization and international market competition, Chinese
enterprises face various opportunities and challenges. After years
of engaging in bulk trade and supply chain services, BAIYU Holdings
Limited has successfully accumulated a large number of high-quality
overseas customers and suppliers. Leveraging its accumulated
strength, the company is now embarking on a multifaceted global
expansion into new sectors.
In December 2024, BAIYU Holdings,
Inc. signed an agreement with Adler International Ltd., an Egyptian
company, to construct a renewable energy free-trade zone and
logistics park in Egypt. The
agreement outlines plans to establish a renewable energy industry
free-trade zone in Cairo, Egypt,
covering an area of approximately 10,000 mu (a traditional Chinese
land measurement unit, approximately equal to 666.67 hectares or
1,640 acres), and to build a bonded warehouse and logistics park
covering about 3,000 mu (approximately 200 hectares or 494 acres)
in the Port of Alexandria or other
nearby dock areas in Egypt.
The Egyptian government has granted autonomous preferential
policies to the park, designating both the new energy industrial
park and the logistics park as bonded free-trade zones.
Additionally, the Egyptian government offers incentives for the
introduction of high-level talent and the training of local
talent.
Beyond the establishment of the new energy free-trade zone and
logistics park, BAIYU Holdings will also provide full supply chain
procurement services for new energy vehicle manufacturing. The
vehicles produced can be exported to Egypt and surrounding countries and regions,
such as Africa, Europe, the Middle
East, and the Mediterranean, with an annual market demand of
nearly 200,000 vehicles.
This initiative will also lead the landing of charging pile and
lithium battery industries in Egypt, with production, manufacturing, and
market sales conducted in Egypt
under the company's own brand.
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.