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Subsidiary Kaixin Auto Holdings Announces Cooperation with Leading RV retailer.

source
https://finance.yahoo.com/news/kaixin-auto-holdings-announces-cooperation-110000198.html

Tue, June 22, 2021, 1:00 PM

Kaixin Auto Holdings (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.

The Chinese RV market is entering a fast growing stage. The annual sales volume experienced a 50% growth over the past three years, with over 69,000 RV vehicles sold in 2020. The Company and RV retailer intend to collaborate in sales and rental of RV vehicles and explore opportunities in development and production of electric RV vehicles.

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 has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services.
For more information, please contact:
Kaixin Auto Holdings
Investor Relations
Email: [e-mail]
https://ir.kaixin.com/