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$KXIN Kaixin Auto Holdings Acquisition SPA with Morning Star
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) 4 days ago announced 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.
Morning Star owns 100% equity of Wuxi Morning Star Technology Co., Ltd. and Henan Yujie Times Automobile Co., Ltd. At completion of the acquisition, Kaixin will own all assets and business operations related to the POCCO brand of electric vehicles (POCCO EV), which constitutes big progress toward Kaixin's successful transformation into a new energy vehicle manufacturing company.
Mr. Mingjun Lin, chairman and CEO of the Kaixin, said: "The electric vehicles business is experiencing strong growth in China. Kaixin is committed to achieving accelerated transition into the EV industry through mergers & acquisitions and intensive investment to quickly gain the desired market share."
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.
https://www.globenewswire.com/news-release/2022/11/04/2548631/0/en/Kaixin-Auto-Holdings-Announces-Acquisition-SPA-with-Morning-Star.html
Electric Cars in China Kaixin Auto Holdings $KXIN Unaudited First Half 2022 Financial Results; Total Revenues Were $33.30M; Adjusted Net Loss Was $3.81M, Compared To An Adjusted Net Loss Of $0.52M In The First Half Of 2021.
Thank you for the info. Very much appreciated! How have you been doing?
long T is Good
Biden awards $2.8 billion for projects to boost electric vehicle battery manufacturing
https://www.cnbc.com/2022/10/19/biden-awards-2point8-billion-for-electric-vehicle-battery-manufacturing-.html $KXIN
$KXIN Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.
China stocks rise on rumors of easing COVID restrictions
https://finance.yahoo.com/video/china-stocks-rise-rumors-easing-140608695.html $KXIN
China stocks rise on rumors of easing COVID restrictions
https://finance.yahoo.com/video/china-stocks-rise-rumors-easing-140608695.html $KXIN
Hey, 02 it's great to hear from you. This should do well long term.:)
thanks for sharing Kaixin Auto Holdings Announces Unaudited First Half 2022 Financial Results
https://www.benzinga.com/pressreleases/22/10/g29428416/kaixin-auto-holdings-announces-unaudited-first-half-2022-financial-results
$KXIN All-electric car and truck sales by 2035 would save $2.7 trillion, but will take smart policy to drive clean
https://utilitydive.com/news/all-electric-car-and-truck-sales-by-2035-would-save-27-trillion-but-will/598606/
Kaixin Auto Holdings Announces Unaudited First Half 2022 Financial Results
https://www.benzinga.com/pressreleases/22/10/g29428416/kaixin-auto-holdings-announces-unaudited-first-half-2022-financial-results
$KXIN Kaixin Auto Holdings POCCO EV Production and Sales Target of 230,000 Vehicles over Three Years
Biden vows to replace U.S. government fleet with electric vehicles
https://www.reuters.com/article/us-usa-biden-autos/biden-vows-to-replace-u-s-government-fleet-with-electric-vehicles-idUSKBN29U2LW $KXIN
New US EV chargers will cover 75,000 miles of highway
https://electronics360.globalspec.com/article/18710/new-us-ev-chargers-will-cover-75-000-miles-of-highway $KXIN
I am surprised that Kaixin and his CEO have no new declarations of intent for orders of a non-existent E truck, no intentions of unused investors and nothing else to publish. Either he recognized the nonsense of this incomprehensible PR or he himself relies on short and deserves it.
I took a look at the chart analyzes for Kaixin since Dec 2020. The greatest predictions. One even hopes for 25 USD. All of these charts are based on false facts. And with it false hopes. Many who have followed these charts have lost money. Why doesn't anyone check. Why do you blindly follow announcements that cannot be implemented without extreme means that demonstrably do not exist.
Corporate Profile Kaixin: "Kaixin Auto Holdings is China's leading new auto retail platform for luxury used cars and imported new cars. " where can I find this platform?
Shares of several auto & auto component companies are trading lower amid overall market weakness following worse-than-expected May CPI data. Rising inflation and an increase in US Treasury yields has also weighed on the market. $KXIN
Shares of several Chinese companies have been trading higher on hopes of regulatory easing, upgrades on multiple Chinese stocks from JP Morgan and positive earnings from JD. $KXIN
China in Talks with Automakers Regarding EV Subsidy Extension; Terms for 2023 Not Yet Finalized $KXIN
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.
$KXIN 20,000 Electric Vehicles Worth $938M order recently $$
Tesla record profit blows away estimates --- BIG For Electric Vehicles - Could Lift ALL Boards $KXIN
Why went up to 55 percent yesterday???
Electric Vehicles are HOT HOT HOT. Long
Electric Vehicles Kaixin Auto
news is great BB
In 2019 $KXIN was trading at $10+ per share. Electric Vehicles are HOT HOT HOT. Long
$KXIN Shares of Chinese companies are trading higher following a Chinese state media report indicating China's financial stability and development committee urged market stability measures and mentioned cooperation with US regulators.
$KXIN Electric Vehicles Kaixin Auto Holdings Announced Order of 5,000 New Energy Logistics Vehicles
KXIN____news$$
Nice entry
KXIN Kaixin Auto Has Framework Deal For Order Of 10K Customized Electric Trucks, Total Value ~$250M
$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
$KXIN Kaixin Arranges $20M Investment Commitment From Multiple Institutions https://seekingalpha.com/news/3784542-kaixin-auto-jumps-pre-market-on-securing-20m-investment-commitment
Harris Reveals Plan to Build 500,000 Electric Vehicle Charging Stations
https://time.com/6128079/biden-admin-500000-ev-charging-stations/ $kxin
sounds good BB
Electric Trucks by KXIN - Oil Prices up Demand for EV coming
Nice entry here lol
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