Kaixin Auto Holdings (KXIN)

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KXIN

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Kaixin Auto Holdings Announces Order of 10,000 Electric Trucks
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.

Shencheng is a well-known biotechnology company in China, specializing on urban waste sorting and recycling business. It has set up plans to carry out waste treatment business operations in Xinjiang, Guizhou, Guangxi, and Yunnan provinces. This sales order is the implementation of the 10,000-unit intentional order reached between Kaixin and Shencheng in December 2021. Kaixin aims to custom design two new energy truck prototypes for Shencheng in the second half of this year and achieve mass production and delivery in 2023.

Mr. Wu Liang, general manager of Kaixin's new energy vehicle business department, said: "The signing of the sales contract with Shencheng is another major achievement of Kaixin after the sales order with Beijing Bujia Technology Co., Ltd., which demonstrates our business strategy focusing on producing custom-built new energy vehicles for strategic partners has gained market recognition. Although China's electric trucks are currently in their early stage, we expect the peak sales season will come soon. Kaixin will stride forward and enhance market recognition with sales performance."

About Kaixin Auto Holdings

Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment and new car sales in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin is in the process of transforming from a nationwide dealerships network to one of the important players in China’s electric vehicle market.

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electric is good

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$KXIN 20,000 Electric Vehicles Worth $938M order recently $$

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KXIN

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Tesla record profit blows away estimates --- BIG For Electric Vehicles - Could Lift ALL Boards $KXIN

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NICE

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Why went up to 55 percent yesterday???

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Electric Vehicles are HOT HOT HOT. Long

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Electric Vehicles Kaixin Auto

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news is great BB

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In 2019 $KXIN was trading at $10+ per share. Electric Vehicles are HOT HOT HOT. Long

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$KXIN Shares of Chinese companies are trading higher following a Chinese state media report indicating China's financial stability and development committee urged market stability measures and mentioned cooperation with US regulators.

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$KXIN Electric Vehicles Kaixin Auto Holdings Announced Order of 5,000 New Energy Logistics Vehicles

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KXIN____news$$

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agree

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Nice entry

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Electric Trucks

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KXIN Kaixin Auto Has Framework Deal For Order Of 10K Customized Electric Trucks, Total Value ~$250M

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$KXIN Top Institutional Holders
Holder Shares Date Reported % Out Value
Invesco Ltd. 100,497 Sep 29, 2021 0.07% 281,391
Mint Tower Capital Management B.V. 100,000 Sep 29, 2021 0.07% 280,000
Geode Capital Management, LLC 69,320 Sep 29, 2021 0.05% 194,096
Paloma Partners Management Co 59,263 Sep 29, 2021 0.04% 165,936
HRT Financial LLC 37,649 Sep 29, 2021 0.03% 105,417
Millennium Management LLC 29,649 Sep 29, 2021 0.02% 83,017
Two Sigma Investments, LP 20,400 Sep 29, 2021 0.01% 57,120
Barclays PLC 18,367 Sep 29, 2021 0.01% 51,427
Citigroup Inc. 11,067 Sep 29, 2021 0.01% 30,987
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Invesco ETF Tr-Invesco Golden Dragon China ETF 102,980 Oct 30, 2021 0.07% 221,407
Fidelity NASDAQ Composite Index Fund 69,320 Oct 30, 2021 0.05% 149,038
https://finance.yahoo.com/quote/KXIN/holders?p=KXIN

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Nice entry

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GOOD ONE kxin

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$KXIN Kaixin Arranges $20M Investment Commitment From Multiple Institutions https://seekingalpha.com/news/3784542-kaixin-auto-jumps-pre-market-on-securing-20m-investment-commitment

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Harris Reveals Plan to Build 500,000 Electric Vehicle Charging Stations
https://time.com/6128079/biden-admin-500000-ev-charging-stations/ $kxin

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sounds good BB

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Electric Trucks by KXIN - Oil Prices up Demand for EV coming

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Nice entry here lol

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Gave up on this one until see real volume I bet it runs eventually. Good luck and happy new year

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2021 was a massive year for electric cars. 2022 will be even bigger.
https://www.businessinsider.com/electric-cars-2022-models-market-tesla-ford-gm-lucid-rivian-2021-12 $TSLA $F $GM $LCID $RIVN $KXIN

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New fully-electric vehicle sales will reach 300k next year to comprise one in seven UK car purchases, analysis estimates

https://www.thisismoney.co.uk/money/cars/article-10352973/Report-predicts-new-electric-vehicle-sales-jump-300-000-2022.html $KXIN

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$KXIN $2, 3, 4, 5+ coming

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TRUCKS SALES

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Shares of several companies in the broader industrial sector are trading higher as stocks gain following better-than-expected US jobless claims data, which has lifted recovery sentiment. $KXIN

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$KXIN EV's Target For 2022-2025 Set At 50,000 New Energy Vehicles

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KXIN

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Nice steady climb higher $KXIN

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$3's coming $KXIN

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Electric Vehicles by $KXIN Kaixin completed a reverse acquisition with Haitaoche Limited. The acquisition consideration was determined at $161.8 million based on fair value of the ordinary shares held by Kaixin pre-acquisition shareholders.

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$KXIN big bounce. Accumulation going on here

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Failed double bottom now geez

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$KXIN Buying opportunity for $2.00

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Starting to reload $1.16 and under

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$KXIN "The merger of Kaixin and Haitaoche in June 2021 enables us to leverage the synergy and combined resources to set a solid stage for quick growth of our premium imported and used car sales business in latter half of 2021 and the future. Further, we have identified electric vehicles as the focus of our future expansion. We have already obtained framework agreement orders for 20,000 units of EV trucks at a total of approximately US$750 million, and the necessary investment in OEM manufacturers and in new model design and production is expected to be secured soon. The first model is expected to be released in the first half of 2022 and ready for delivery on a large scale by the end of the year. We are on track in our strategic goal of becoming a leading market participant of the EV trucks industry in China," commented Mr. Mingjun Lin, chairman and chief executive officer of Kaixin.

Ms. Lucy Yang, chief financial officer of Kaixin, said, "As a result of the consummation of the reverse takeover of Kaixin with Haitaoche on June 25, 2021, the reported financial results for the first half of 2021 largely reflect those of Haitaoche. The Company managed to streamline our car sales operations and realign the cooperative relationships with local dealerships and partners during the first half of the year. Consequently, we have experienced very significant growth in our car sales business in the later part of 2021. The total sales revenues are expected to exceed $150 million in the second half of 2021."

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$KXIN Beautiful! First Half 2021 Financial Results. Total net revenues were $2.04 million, representing an increase of 205.7% from $0.67 million in the first half of 2020. The acquisition consideration was determined at $161.8 million based on fair value of the ordinary shares held by Kaixin pre-acquisition shareholders. The purchase price was allocated to total assets at 209.8 million, including tangible assets at $51.0 million, trademark at $15.1 million, goodwill at $143.7 million, total liabilities at $34.4 million, non-controlling interest at $7.6 million and preferred shares at $6 million.

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China Electric Vehicles KXIN Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) has 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.

https://finance.yahoo.com/news/kaixin-auto-holdings-announces-promising-110000219.html

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The electric truck market was valued at around USD $20 billion in 2020, and it is expected to reach USD $44 billion by 2026 $kxin

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Need my pimp in here$$$$

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Need$$ to stop

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Not interested here until some real buyers come in. Good luck

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Electric Trucks KXIN Top Institutional Holders
Holder Shares Date Reported % Out Value
Invesco Ltd. 100,497 Sep 29, 2021 0.07% 281,391
Mint Tower Capital Management B.V. 100,000 Sep 29, 2021 0.07% 280,000
Geode Capital Management, LLC 69,320 Sep 29, 2021 0.05% 194,096
Paloma Partners Management Co 59,263 Sep 29, 2021 0.04% 165,936
HRT Financial LLC 37,649 Sep 29, 2021 0.03% 105,417
Millennium Management LLC 29,649 Sep 29, 2021 0.02% 83,017
Two Sigma Investments, LP 20,400 Sep 29, 2021 0.01% 57,120
Barclays PLC 18,367 Sep 29, 2021 0.01% 51,427
Citigroup Inc. 11,067 Sep 29, 2021 0.01% 30,987

https://finance.yahoo.com/quote/KXIN/holders?p=KXIN