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.

Kaixin Auto Holdings (NASDAQ: KXIN) has secured a commitment of $20 million strategic investment from multiple investment institutions. The company noted $2 million of the investment commitment had been funded, with the remaining to be funded by Q1 end.

Kaixin Arranges $20M Investment Commitment From Multiple Institutions

BEIJING, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has secured commitment of US$20 million strategic investment from multiple investment institutions, of which US$2 million has been funded. The remaining is expected to be funded by the end of first quarter of the year. This is the first round of financing after Kaixin announced its new energy vehicles strategy. The financing will be used in the development and design of new energy trucks for mass production and delivery in the second half of the year.

Kaixin Auto Holdings Announces Commitment of US$20 Million Strategic Investment from Investors

BEIJING, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) announces today the appointment of Mr. Wu Liang as general manager of the Company's new energy vehicles division. Before joining Kaixin, Mr. Liang served as partner with investment companies such as WeRoadshow Investment and GuoRong Capital. With over ten years of investment experience in the TMT industry, he has shifted his investment focus to the automotive and new energy vehicles industry in recent years. Prior to the investment profession, Mr. Liang worked in the internet industry for nearly ten years. He served as executive officer with several internet companies. During his tenure as general manager of the TradeSmart platform of Huicong.com, Mr. Laing led the company's internet e-commerce strategy. His rich experience in internet industry and expertise in products and operations makes him a valuable asset for the growth of Kaixin 's new energy strategy.

Kaixin Auto Holdings Announces Appointment of Wu Liang as General Manager of New Energy Vehicles Division

BEIJING, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the premium imported car and used car platform in China, today announced its unaudited financial results for the six months ended June 30, 2021.

Kaixin Auto Holdings Announces Unaudited First Half 2021 Financial Results

Kaixin Auto has announced its second major partnership of the month. KXIN stock is likely to soar in 2022 if this trend continues.

KXIN Stock Alert: There Are 10,000 Reasons Kaixin Auto Is Revving Up Today

Kaixin Auto Holdings (NASDAQ: KXIN) has reached a strategic partnership agreement with Beijing Shencheng Biotechnology Group Limited for supplying its new energy trucks. Under the agreement, Shencheng will purchase 10,000 customized new energy trucks from Kaixin over the next 5 years.

Kaixin Auto Stock Pops On Order For 10,000 Customized Electric Trucks

BEIJING, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has reached a strategic partnership agreement with Beijing Shencheng Biotechnology Group Limited (“Shencheng”). Under the framework agreement, Shencheng agrees to purchase 10,000 customized new energy trucks from Kaixin over the next 5 years. The total value is around $250 million.

Kaixin Auto Holdings Announces Framework Agreement for Order of 10,000 Customized Electric Trucks

A new partnership between two Chinese companies is breathing life into one little-known EV producer. Here's why KXIN stock is soaring.

KXIN Stock Alert: What Is the EV News Sending Kaixin Auto Soaring Today?

Kaixin Auto Holdings (NASDAQ: KXIN) has signed a strategic partnership agreement with Beijing Bujia International Logistics Limited on order for at least 10,000 new energy trucks in the next five years. The total dollar amount of the intended order is above $500 million.

Kaixin Auto Stock Soars After Securing Intention Order From Bujia

Kaixin Auto Holdings (NASDAQ: KXIN) announced that POCCO brand electric vehicles (EV) delivery in September rose 200% to 1200 units over 400 units in August. Kaixin has signed a binding term sheet to acquire Henan Yujie Times Automobile Co Ltd, which produces the POCCO EVs.

Kaixin Notes Solid Growth In Yujie's POCCO EV Delivery In September

BEIJING, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that sales doubled in September over the prior month for the POCCO brand electric vehicles (“EV”) manufactured by Henan Yujie Times Automobile Co., Ltd. (“Yujie”), which Kaixin has signed a binding term sheet to acquire. Yujie launched two EV models under the POCCO brand, namely MeiMei in March of 2021 and DuoDuo in August, respectively. According to Yujie, orders for POCCO EVs exceeded 3,000 units in September, constituting a 130% increase over that of 1,300 units in August; the actual delivery in September was around 1,200 units, a 200% increase over that of 400 units in August. Total sales in the upcoming fourth quarter are expected to reach 11,500 units.

Kaixin Auto Holdings Announces POCCO EV Orders over 3000 Units in September

Renren

PHOENIX, Sept. 13, 2021 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates several U.S.-based SaaS businesses, today announced that Chris Palmer has been appointed as the Company's Chief Financial Officer, effective September 6, 2021.

Renren Announces Appointment of New Chief Financial Officer

BEIJING, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced promising sales forecasts for the POCCO brand electric vehicles (“EV”) manufactured by Henan Yujie Times Automobile Co., Ltd. (“Yujie”), which Kaixin has signed a binding term sheet to acquire. According to Yujie, it has launched two EV models under the POCCO brand, MeiMei and DuoDuo. Since its debut in March 2021, the MeiMei model has sold more than 6,000 units. The DuoDuo model was launched in August this year. The combined sales volume of the two models is expected to reach 15,000 units and 50,000 units in 2021 and 2022, respectively.

Kaixin Auto Holdings Announces Promising POCCO EV Sales Forecasts

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Kaixin Auto Holdings (NASDAQ: KXIN) has signed a binding term sheet to acquire EV manufacturer Henan Yujie Times Automobile Co Ltd through new share issuance. Henan Yujie specializes in small-size multi-function EVs.

Kaixin Signs Binding Term Sheet To Acquire EV Manufacturer

BEIJING, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has reached a binding term sheet to acquire 100% equity of Henan Yujie Times Automobile Co., Ltd. (“Yujie”) through new share issuance. Yujie is a leading Chinese electronic vehicles (“EV”) manufacturer specialized in small size multi-function EVs. The contemplated deal would be the first major M&A transaction following the establishment of Kaixin's New Energy Vehicle Unit. It marks Kaixin's official entry into China's small size EV market, which is forecasted to reach a 10 million vehicles scale over the next 5 years according to Yujie.

Kaixin Auto Holdings Signed Binding Term Sheet to Acquire EV Manufacturer

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Kaixin Auto Holdings (NASDAQ: KXIN) traded higher Tuesday following news the company intends to enter the smaller-size electric vehicle market in China. "Kaixin's new energy vehicle unit has launched development plans focused on smaller EV models in the subcompact and minicompact categories," the company said in a press release issued Tuesday morning.

Why Are Kaixin Auto Shares Trading Higher Today?

Used car dealer Kaixin Auto Holdings (NASDAQ:KXIN) has announced entry into the smaller size electric vehicle (EV) market in China. The company's new energy vehicle unit has launched development plans focused on smaller EV models in the subcompact and mini-compact categories.

Kaixin Auto Stock Gains On Plan For Entry Into Compact EV Market, Seeks Mergers And Acquisitions

The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 17% pre-market. This is why it happened.

KXIN Stock Price Increases Over 17% Pre-Market: Why It Happened

The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) fell by over 6% pre-market. This is why it happened.

KXIN Stock Price Falls Over 6% Pre-Market: Why It Happened

Shares of Kaixin Auto Holdings took flight on massive volume Friday, after the China-based used and new car dealership announced plans to establish a new energy vehicle (EV) business unit. The company said it has been in merger and acquisition talks with "a number of EV manufacturers.

Kaixin Auto stock soars after disclosing merger talks, ambition to be like Nio, XPeng and Li Auto

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Kaixin Auto Holdings (NASDAQ: KXIN) shares are trading higher after the company announced it will establish a new energy vehicle business unit. The company said the move has been 'made in the context of the Chinese government's steady support for accelerated development of EVs and the rapid growth of EV market in China.

News for Kaixin Auto Holdings Stock (KXIN)