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.

KXIN stock is flying upward as a result of the company's latest announcement. The car dealer will see itself transform to car maker.

KXIN Stock: Why Little-Known Kaixin Auto Is Skyrocketing Today

The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 65% during intraday trading. This is why it happened.

KXIN Stock Price Increases Over 65% Intraday: Why It Happened

BEIJING, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has decided to establish a new energy vehicle (EV) business unit, which will quickly build up EV R&D, production and marketing teams. The corporate strategic 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. With Chinese consumers' ever increasing recognition of EV, new energy vehicles are expected to become the mainstream consumer model in the auto industry.

Kaixin Auto Holdings Announces Entering into New Energy Vehicle Business

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BEIJING, June 22, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company is in discussion with a leading Chinese RV retailer about cooperation and joint venture in exploring the fast growing RV market in China. The leading RV retailer operates its own RV dealerships and host a leading RV owner community website and RV expositions across China.

Kaixin Auto Holdings Announces Cooperation with Leading RV retailer

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BEIJING, May 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. Joseph Chen has resigned from Kaixin's board of directors (the “Board”), with effect from May 9, 2021, in order to focus on other business obligations. Mr. Mingjun Lin, Mr. Xiaolei Gu and Mr. Deqiang Chen were appointed by the Board as the directors of the Company, with effect from May 9, 2021. Mr. Mingjun Lin was appointed as the chairman of the Board.

Kaixin Auto Holdings Announces Changes to its Board Members

BEIJING, May 07, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the results of the extraordinary shareholders' meeting held on May 7, 2021. All agenda items presented at the meeting were approved by the shareholders, namely, (a) as an ordinary resolution that each authorised issued and unissued Ordinary share of a par value of US$0.0001 each be subdivided into 2 shares of a par value of US$0.00005 each, such that immediately following the Share Subdivision, the authorised share capital of the Company will be US$50,000 divided into 1,000,000,000 Ordinary shares of a par value of US$0.00005 each and (b) as a special resolution that the currently effective Second Amended and Restated Memorandum and Articles of Association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association.

Kaixin Auto Holdings announces results of the Extraordinary Shareholders' Meeting

KXIN stock is up today on the heels of a big merger announcement. Investors are anxious to see how to company capitalizes on the acquisition.

KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring

BEIJING, April 15, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it received the approval by NASDAQ Stock Market for the acquisition (the “Acquisition”) of 100% of the share capital of Haitaoche Limited pursuant to a share purchase agreement entered into on December 31, 2020. Subject to certain other closing conditions, including the shareholder approval of the amendment to the Company's article of associations, the Company anticipates the Acquisition to be closed in May, 2021.

Kaixin Auto Holdings announces approval by NASDAQ of Haitaoche acquisition

The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 7% pre-market. This is why it happened.

KXIN Stock: Over 7% Increase Pre-Market Explanation

BEIJING, April 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has signed into a cooperation agreement (“Cooperation Agreement”) with Jingdong Century Trade Limited (“Jingdong”), a leading online retail platform (www.jd.com) in China to tap into China's fast-growing e-commerce auto market. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1

Kaixin Auto Holdings Announces Cooperation Agreement between Haitaoche and Jingdong

BEIJING, April 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has entered into a definitive securities purchase agreement (the “Purchase Agreement”) with Renren Inc., a 72% shareholder of the Company as of the date of this announcement (the “Purchaser”) on March 31, 2021 and completed the closing on the same date.

Kaixin Auto Holdings Announces Preferred Financing Transaction

The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) is trading at over 5% pre-market. This is why it happened.

KXIN Stock Price Increases Over 5% Pre-Market: Why It Happened

BEIJING, March 05, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) is engaged in negotiation of a partnership with a leading online retail platform in China to tap into China's fast-growing e-commerce auto market. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1

Kaixin Auto Holdings Announces Negotiation of Cooperation Partnership by Haitaoche Limited

The stock price of Kaixin Auto Holdings (NASDAQ:KXIN) is trading at over 30% pre-market. This is why it happened.

KXIN Stock Price Increases Over 30% Pre-Market: Why It Happened

BEIJING, March 02, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has entered, through its subsidiaries, into two vehicles sales framework contracts (the “Vehicles Sales Contracts”) with third party customers on November 30, 2020 and December 8, 2020, respectively. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1

Kaixin Auto Holdings Announces Entry into Vehicles Sales Contracts by Subsidiaries of Haitaoche Limited

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With an opaque corporate culture, shaky finances, and an uncertain future, it's hard to find a reason to buy KXIN stock. The post Even More Reasons To Avoid KXIN Stock Like The Plague appeared first on InvestorPlace.

Even More Reasons To Avoid KXIN Stock Like The Plague

BEIJING, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has entered, through one of its subsidiaries, into a five-year vehicles supply contract (the “Vehicles Supply Contract”) with China National Vehicles Imp & Exp Co., Ltd. (“CVC”) on January 11, 2021. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1

Kaixin Auto Holdings Announces Entry into a Vehicles Supply Contract between Haitaoche Limited and China National Vehicles Import & Export Company

KXIN stock was one of the many speculative bets in 2020, but a fundamental analysis provides several grounds for investors to avoid it. The post 5 Top Reasons to Avoid Kaixin Auto Holdings Stock appeared first on InvestorPlace.

5 Top Reasons to Avoid Kaixin Auto Holdings Stock

There's a lot to question or not like about KXIN stock. Then again, there's also big-time profit opportunities for speculators appreciative of the risk in Kaixin Auto.

Why Kaixin Auto Is Simply a Trader's Stock With All the Inherent Risk

Kaixin Auto Holdings recently pivoted its business model toward electric vehicles. This could eventually work for KXIN stock, but details are still scarce.

Take a Wait-and-See Approach with Kaixin Auto Holdings

The problem with KXIN stock is that before you can answer why you want to invest in it, you have to understand what business it's in. The post There's a Simple Reason to Not Bother with Kaixin Auto appeared first on InvestorPlace.

There's a Simple Reason to Not Bother with Kaixin Auto

BEIJING, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has entered into a definitive share purchase agreement (the “Share Purchase Agreement”) with the shareholders (the “Sellers”) of Haitaoche Limited (“Haitaoche”) on December 31, 2020.

News for Kaixin Auto Holdings Stock (KXIN)