Kaixin Auto Holdings

Kaixin Auto Holdings operates as a holding company, which engages in the sale of automobiles through its subsidiaries. It also offers third-party auto financing and other value-added services. The company was founded in 2015 and is headquartered in Beijing, China.

Kaixin Holdings operates as a holding company, which engages in the sale of automobiles through its subsidiaries. The company was founded in 2015 and is headquartered in Hangzhou, China.

HANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively considering the acquisition of a controlling equity interest in a leading cryptocurrency mining company based in the Middle East. This mining company operates with cost-efficient BTC mining machines, optimizing self-mining processes while also offering sophisticated, end-to-end cloud hosting services tailored to meet the growing demand within the crypto mining industry. The facility's long-term, stable energy supply is a critical asset that bolsters operational resilience and cost efficiency, underscoring Kaixin's commitment to sustainable and profitable growth.

Kaixin Holdings Explores Strategic Alternatives with Potential Acquisition in Crypto Mining Sector

HANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the receipt of a notification letter dated November 12, 2024 from the Hearing Panel of the Nasdaq Stock Market (the “Hearing Panel”), notifying Kaixin that the Company has regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) (the “Bid Price Rule”), as required by the Hearing Panel's decision dated September 12, 2024.

Kaixin Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price Requirement

HANGZHOU, China, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-60, effective on October 25, 2024 (the “Share Consolidation”). The Company's ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on October 25, 2024. Upon the market opening on October 25, 2024, the Company's ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “KXIN” with the new CUSIP number G5223X159.

Kaixin Holdings Announces Share Consolidation

HANGZHOU, China, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its extraordinary general meeting held on October 1, 2024 (the “Extraordinary General Meeting”) were duly passed.

Kaixin Holdings Announces Extraordinary General Meeting Results

HANGZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated August 19, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company's securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “Letter”). The Letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market (the “Delisting Determination”).

Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal

HANGZHOU, China, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it will hold its extraordinary general meeting of shareholders (the “EGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on October 1, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Extraordinary General Meeting and Proxy of the Company.

Kaixin Holdings Announces 2024 Extraordinary General Meeting of Shareholders

HANGZHOU, China, March 12, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on March 4, 2024 (the “Annual General Meeting”) were duly passed.

Kaixin Auto Holdings Announces Annual General Meeting Results

BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it signed an export order with Myanmar New Power Motor Co., Ltd. ("Myanmar New Power Motor") for 1,000 new energy vehicles in the SKD mode. Mr. Mingjun Lin, Chairman and CEO, Ms. Yi Yang, CFO, and Mr. Wu Liang, Vice President of Kaixin, and Mr. Hao Wang, Chairman, Mr. Aung Thike, General Manager, and Ms Jingjing Liu, Purchasing Department Manager of Myanmar New Power Motor, attended the signing ceremony. The signing of the export contract marked the countdown to the delivery of the first batch of 100 new energy vehicles.

Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs

HANGZHOU, China, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2)(the “Rule”). The Nasdaq Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, 2024, to regain compliance with the Rule. If, at any time before July 30, 2024, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will inform the Company that the Company has regained compliance with the Rule.

Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price

HANGZHOU, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on March 4, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting and Proxy of the Company.

Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders

HANGZHOU, China, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that Mr. Xiaoning Wu has been appointed by Kaixin's board of directors (the “Board”) as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024. The Board has determined that Mr. Xiaoning Wu qualifies as a “financial expert” with adequate financial sophistication under Nasdaq Stock Market Rule 5605(a)(2) and Rule 10A-3 under the Securities Exchange Act of 1934.

Kaixin Auto Holdings Announces Appointment of Director

HANGZHOU, China, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”). Both have agreed to establish a joint venture to leverage the AI autonomous driving technology of DeepBlue AI Technology onto Kaixin's mass-produced EV models to develop a new generation of AI autopilot EVs and to achieve market-oriented operations.

Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs

BEIJING, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar. The first batch of 100 vehicles will be shipped to Myanmar shortly. Moreover, Kaixin has also obtained a five-year authorization from the Myanmar company as its strategic partner for the export of complete and SKD vehicles from China.

Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs

BEIJING, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that it has established its AI Automotive Research Institute, with senior VP Mr. Lei Gu appointed as the dean, to facilitate the formation and integration of the company's development strategy for artificial intelligence applications. Kaixin is also actively seeking to partner with leading AI companies to jointly create intelligent, safe and efficient automobile travel products and services.

Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development Strategy

BEIJING, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announces certain supplements to the unaudited financial results for the six months ended June 30, 2023 originally announced on November 3, 2023 (the “November 3 Announcement”). The November 3 Announcement is hereby replaced in its entirety with this announcement (the “Amendment Announcement”).

Kaixin Auto Holdings Announces Supplements to Unaudited First Half 2023 Financial Results

BEIJING, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that Mr. Lin Cong resigned from the Company's Board of Directors, effective on October 30, 2023.

Kaixin Auto Holdings Announces Resignation of Director

BEIJING, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced its unaudited financial results for the six months ended June 30, 2023. First Half of 2023 Highlights Total net revenues were US$18.9 million, representing a decrease of 43% from US$33.3 million in the first half of 2022.

Kaixin Auto Holdings Announces Unaudited First Half 2023 Financial Results

BEIJING, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, the Nasdaq Staff has determined that for the last 10 consecutive business days, from September 15 through September 28, 2023, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater.

Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price Requirement

BEIJING, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced that it had identified several noteworthy strengths in WM Motor Holdings Limited ("WM Motor") that attracted the Company to the proposed acquisition. On September 11, Kaixin announced the non-binding acquisition term sheet with WM Motor to acquire 100% of equity of WM Motor. As a pioneer in bringing innovative smart EV technologies to China's mainstream auto market, WM Motor possesses six unique strengths.

Six Strengths of WM Motor that Attracted Kaixin Auto Holdings to the Proposed Acquisition

BEIJING, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-15, effective as of 5:00 p.m. Eastern Time on September 14, 2023 (the “Share Consolidation”). The Company's ordinary shares are expected to begin trading on a post-consolidation basis at the opening of trading on September 15, 2023. Upon the market opening on September 15, 2023, the Company's ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “KXIN” with the new CUSIP number G5223X142.

Kaixin Auto Holdings Announces Share Consolidation

BEIJING, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has signed a non-binding acquisition term sheet with WM Motor Holdings Limited ("WM Motor"), planning to issue a certain number of new shares to acquire 100% of equity of WM Motor held by its current shareholders.

Kaixin Auto Holdings Announces Non-Binding Acquisition Term Sheet with WM Motor

BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the closing of the acquisition of Morning Star Auto Inc. (“Morning Star”). Following the closing, Morning Star has become a wholly-owned subsidiary of Kaixin, which represents the Company's official entry into the field of new energy vehicle manufacturing.

Kaixin Auto Holdings Announces Completion of Morning Star Acquisition and Entry into New Energy Vehicles Manufacturing

BEIJING, July 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces that the Company has signed a supplementary acquisition agreement with Morning Star Auto Inc (“Morning Star”) and expects completion of the Morning Star acquisition in August 2023.

Kaixin Auto Holdings Announces Supplementary Acquisition Agreement with Morning Star and Expects Completion of the Acquisition in August 2023

BEIJING, July 10, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will hold its annual general meeting of shareholders (the “AGM”) at 13/F, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong on August 19, 2023 at 10:00 a.m. (Hong Kong time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting of the Company.

Kaixin Auto Holdings Announces 2023 Annual Meeting of Shareholders

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