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BAIYU Holdings' Subsidiary Partners with Adler International Ltd. to Construct 365 Charging and Battery Swap Stations in Cairo, Egypt

Sep 04, 2024•almost 2 years ago

Contract Type

partnership

ShenzhenEnergyRenewable EnergySolarEnergy ManagementEnergy Storage

Description

BAIYU Holdings, Inc., through its subsidiary Shenzhen Jintongyuan Energy Storage Technology Co., Ltd., has signed a Letter of Intent with Adler International Ltd. to cooperate in the construction and operation of charging and swapping stations in Cairo, Egypt. The project, fully funded by the Egyptian government, involves the planning, renovation, and reconstruction of 365 charging and swapping stations in Cairo, with an initial investment of approximately $547.5 million.

Company Information

Company

BAIYU Holdings

Location

Shenzhen, Guangdong, China

About

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.

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