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.

BEIJING, May 31, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces that the Company is making continued progress on the acquisition of Morning Star Auto Inc. (Morning Star). Concurrent with the relief of the pandemic and the full recovery of the Chinese economy, Morning Star's factory in Henan, China has been operating at full capacity.

Kaixin Auto Holdings Announces Progress on Morning Star Acquisition

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BEIJING, April 28, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the appointment of Onestop Assurance PAC ("Onestop") as its independent registered public accounting firm, effective April 25, 2023.

Kaixin Auto Holdings Announces Appointment of New Auditor

BEIJING, April 24, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces that it has formed a specialized technical team to develop its AIGC (Artificial Intelligence Generated Content) system “Happy Buy Car.” Kaixin has been dedicated to developing the intelligent “Happy Buy Car” system in the past. The newly formed technical team will conduct in-depth research on AIGC and ChatGPT-related technological applications and expedite development of the “Happy Buy Car” system. The system will be equipped with such features as interactive “real person” dialogues and highly relevant text and video content generation for automobile sales, that will enhance the richness of marketing and sales content and empower its dealerships to increase sales conversion rates.

Kaixin Auto Holdings Announces Development of AIGC System “Happy Buy Car”

BEIJING, April 06, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces that it has reached a strategic business partnership with China Automobile Import and Export Co., Ltd. (CMC AUTO). Leveraging on the complementary advantages of both parties, the partnership aims to build up a joint export trading platform for new energy vehicles with a target total transaction volume of USD$10.8 billion in the coming five years.

Kaixin Auto Holdings Announces Joint New Energy Vehicle Export Trading Platform with China Vehicle Import and Export Corporation

BEIJING, March 29, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced the receipt of a notification letter (the “Nasdaq Letter”) dated on March 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, as of March 28, 2023, the Company's listed security has not regained compliance with the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). However, the Nasdaq Staff has determined that the Company is eligible for an additional 180 calendar day period, or until September 25, 2023, to regain compliance pursuant to Nasdaq Rule 5810(c)(3)(A).

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

Renren

PHOENIX , Nov. 10, 2022 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates two US-based SaaS businesses, Chime Technologies Inc. © ("Chime") and Trucker Path Inc. © ("Trucker Path"), today announced its unaudited financial results for the six months ended June 30, 2022. First Half of 2022 Highlights Except where specified otherwise, the following commentary compares results for the six months ended June 30, 2022 to results for the corresponding period in 2021.

Renren Announces Unaudited First Half 2022 Financial Results

BEIJING, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces the signing of a share purchase agreement with the shareholders of Morning Star Auto Inc. (“Morning Star”), according to which Kaixin will acquire 100% equity of Morning Star by issuing 100 million shares of Kaixin ordinary shares.

Kaixin Auto Holdings Announces Acquisition SPA with Morning Star

BEIJING, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), 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, 2022.

Kaixin Auto Holdings Announces Unaudited First Half 2022 Financial Results

BEIJING, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that POCCO EV released its vehicle production plans. After Wuxi Morning Star Technology Co., Ltd. acquired 100% equity of Henan Yujie Times Automobile Co., Ltd., the new management team under the leadership of President Lei Gu took over the operations of POCCO EV, which produces the MeiMei and DuoDuo brands of mini electric vehicles. POCCO EV recently released its production and sales plans for the next three years: 5,000 vehicles in the fourth quarter of 2022, 50,000 vehicles in 2023, 80,000 vehicles in 2024, and 100,000 vehicles in 2025. With a total planned output of 230,000 units from 2023 to 2025, the POCCO EV brand is expected to achieve its target of becoming a leading pioneer in the smart mini new energy vehicles business. In addition, POCCO EV plans to expand its current sales network of 400 dealerships to 3,700 dealerships within the next three years.

Kaixin Auto Holdings Announces POCCO EV Production and Sales Target of 230,000 Vehicles over Three Years

BEIJING, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a binding acquisition term sheet with Wuxi Morning Star Technology Co., Ltd. (“Morning Star”), who manufactures and operates the POCCO EVs. According to the term sheet, Kaixin intends to acquire 100% equity of Morning Star through new share issuance and makes it a wholly owned subsidiary.

Kaixin Auto Holdings Announces Binding Acquisition Term Sheet with Morning Star and Joint Plans to Grow POCCO EV

BEIJING, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a strategic partnership agreement with National Kangyuan Technology Co., Ltd. ("National Kangyuan"), which commits to purchase 5,000 new energy vehicles custom made for public health services over the next three years. The total amount of this intention order is about RMB 2 billion (equivalent to USD$295 million).

Kaixin Auto Holdings Announces Intention Order for 5,000 Electric Vehicles for Health Services

BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that the Company's new energy commercial vehicle (the “EV”) headquarters has been put into operations in Suzhou City, Anhui Province.

Kaixin Auto Holdings Announces New Energy Vehicle Headquarters in Suzhou, Anhui

BEIJING, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has obtained a total of $700 million of targeted investment intentions from several institutional investors. The investments will take effect simultaneously with Kaixin's intended acquisition of a new energy vehicle manufacturing company. The investors intend to subscribe for the Company's convertible preferred shares with a conversion price of at least $2.0 per share, which are to be issued concurrent with the intended acquisition transaction.

Kaixin Auto Holdings Announces $700 Million Intended Investments at Conversion Price of $2 and Above for Pending Acquisition of New Energy Vehicle Manufacturer

BEIJING, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the board diversity matrix, disclosing the gender and demographic backgrounds of the board of Kaixin as self-identified by its members as of August 1, 2022.

Kaixin Auto Holdings Announces Board Diversity Matrix as of August 1, 2022

BEIJING, July 29, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it held the launch ceremony of the “TECROLL” brand in Beijing on July 28, 2022, which is the first model of new energy commercial vehicles released by Kaixin. A delivery ceremony was held at the launch.

Kaixin Auto Holdings Announced Launch of First New Energy Vehicle Brand

BEIJING, July 27, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has launched the brand "TECROLL" for its new energy commercial vehicles and delivered the first electric logistics truck.

Kaixin Auto Holdings Announced Launching of New Brand and Delivery of First New Energy Vehicle

BEIJING, July 05, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. James Jian Liu resigned from Kaixin's board of directors (the “Board”), with effect from June 30, 2022, for personal reasons. Mrs. Lucy Yi Yang, chief financial officer of the Company, has been appointed by the Board as director of the Company, with effect from August 1, 2022.

Kaixin Auto Holdings Announces Changes to Board Member

BEIJING, May 27, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has hired Mr. Lei Gu as the strategic advisor to lead development of its new energy vehicle business. Before joining Kaixin, Mr. Gu was senior technical expert with Ford Motor and had served as CTO and vice president of BAIC Motor, a Fortune 500 company, president of BAIC Motor Engineering Research Institute, board director and CEO of BAIC and Mercedes Benz Technology Center, president of Chery Automobile Engineering Research Institute, and president of Linktour Motor. He earned a Ph.D from Northwestern University and a Ph.D from University of Science and Technology of China as well.

Kaixin Auto Holdings Announces Appointment of Mr. Lei Gu as Strategic Advisor to New Energy Vehicle Business

BEIJING, May 10, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a sales order for 10,000 electric trucks with Beijing Shencheng Biotechnology Group Limited (“Shencheng”). Shencheng will be ordering 10,000 electric trucks with a total value of US$600 million from Kaixin during 2023 to 2025. The trucks will be used in its waste recycling business.

Kaixin Auto Holdings Announces Order of 10,000 Electric Trucks

Kaixin Auto Holdings (NASDAQ: KXIN) is trading higher Monday after the company announced an order for 20,000 electric vehicles. Camping Club has agreed to order at least 20,000 new energy vehicles from Kaixin over the next five years, valued at approximately $939 million.

Why Kaixin Shares Are Surging Today

Kaixin agreed to supply at least 20,0000 vehicles to a Chinese tourism company, causing KXIN stock to soar today. The post Why Is Kaixin Auto (KXIN) Stock Up 40% Today?

Why Is Kaixin Auto (KXIN) Stock Up 40% Today?

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Kaixin Auto Holdings (NASDAQ: KXIN) revealed that Beijing Camping Club Sports and Culture Communication Co Ltd (Camping Club) has agreed to order about 20,000 new energy vehicles over the next five years.  The value of the order totals RMB6 billion ($938 million).

Read Why Kaixin Auto Shares Are Soaring Today

BEIJING, March 28, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has reached into a strategic partnership with Beijing Camping Club Sports and Culture Communication Co., Ltd. (the "Camping Club"). Camping Club agrees to order at least 20,000 new energy vehicles from Kaixin over the next five years. The total value is about 6 billion RMB (equivalent to $938 million).

News for Kaixin Auto Holdings Stock (KXIN)