Replies to post #256 on Kaixin Auto Holdings (KXIN)

[BottomBounce]

$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/

[02opida]

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

[BottomBounce]

$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.

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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