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Kaixin Holdings Ordinary Shares - KXIN STOCK NEWS

Welcome to our dedicated page for Kaixin Holdings Ordinary Shares news (Ticker: KXIN), a resource for investors and traders seeking the latest updates and insights on Kaixin Holdings Ordinary Shares stock.

Kaixin Holdings (KXIN) is a prominent auto retail platform specializing in luxury used cars and imported new cars. The company is renowned for its comprehensive involvement in the research and development, design, manufacturing, and sales of electric vehicles. Kaixin places a significant emphasis on the innovation of next-generation autonomous driving and artificial intelligence technologies.

Kaixin primarily generates revenues from the sales of used cars, along with fees from its role as a channel partner for third-party auto financing and other value-added services. The company's diversification into new energy vehicles marks a strategic transformation aimed at aligning with future industry trends. Kaixin produces a variety of electric passenger and logistics vehicle models and is equipped with professional teams experienced in R&D, production, marketing, and operations.

Recent achievements include the inclusion of Mr. Lei Gu, a seasoned expert in automobile R&D, into its high-caliber team. Under the leadership of Mr. Mingjun Lin, Chairman and CEO, Kaixin is steering towards becoming a new energy vehicle manufacturer. The company has also forged partnerships and expanded its operations internationally, notably with Myanmar's New Power Auto. This strategic move aims to stimulate China's automobile export growth and foster Kaixin's competitive international market position.

Kaixin's commitment to sustainability is evident in its efforts to contribute to the goals of peak carbon emissions and carbon neutrality. By leveraging its expertise and innovative drive, Kaixin is at the forefront of integrating online and offline presence and diversified business operations, setting a strong foundation for future growth and market expansion.

News

Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs

Rhea-AI Summary
Kaixin Auto Holdings signed an export order with Myanmar New Power Motor Co., Ltd. for 1,000 new energy vehicles in the SKD mode, marking a significant business breakthrough. The cooperation aims to promote automobile trade between China and Myanmar, leveraging the growing new energy vehicle market in both countries.
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Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price

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Kaixin Auto Holdings received a notification letter from Nasdaq regarding non-compliance with the minimum bid price requirement. The company has until July 30, 2024, to regain compliance, failing which it may face delisting from the Nasdaq Capital Market.
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Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders

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Kaixin Auto Holdings announces its annual general meeting of shareholders to be held on March 4, 2024, and the record date for ordinary shares. The company has also filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2022.
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Kaixin Auto Holdings Announces Appointment of Director

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Kaixin Auto Holdings announced the appointment of Mr. Xiaoning Wu as a director of the Board and chairman of the audit committee, effective from January 30, 2024. Mr. Wu is recognized as a financial expert and brings extensive experience in corporate financial management, capital investments, and sales areas.
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Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs

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Kaixin Auto Holdings (NASDAQ: KXIN) announced a strategic cooperation intention with DeepBlue AI Technology to establish a joint venture for AI autonomous driving technology on mass-produced EV models. DeepBlue AI Technology is a leader in AI technology and has won numerous awards in computer science and AI-related competitions. The company possesses L4 autonomous driving technology and has successfully launched smart car products, including self-driving buses and sanitation vehicles. Kaixin's Chairman and CEO, Mr. Mingjun Lin, expressed optimism about the partnership, stating that it will be a significant boost to Kaixin's AI vehicle development efforts.
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Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs

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Kaixin Auto Holdings (KXIN) has received an intention order to export 1,000 new energy vehicles to New Power Auto in Myanmar. The company has also obtained a five-year authorization as its strategic partner for the export of vehicles from China. This partnership marks a significant business breakthrough for Kaixin's auto import and export trading platform, aligning with the company's strategic focus on overseas expansion in 2024.
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Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development Strategy

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Kaixin Auto Holdings (NASDAQ: KXIN) has announced the establishment of its AI Automotive Research Institute to integrate the company’s development strategy for artificial intelligence applications. The company is also seeking partnerships with leading AI companies to create intelligent, safe, and efficient automobile travel products and services.
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Kaixin Auto Holdings Announces Supplements to Unaudited First Half 2023 Financial Results

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Kaixin Auto Holdings (NASDAQ: KXIN) announces supplements to unaudited financial results for the six months ended June 30, 2023. The Amendment Announcement replaces the November 3 Announcement and includes explanatory notes and supplementary disclosures. Total net revenues were US$18.9 million, a 43% decrease from the first half of 2022. Gross profit remained stable, while loss from operations substantially decreased. The Company acquired 100% equity interest in Morning Star Auto Inc. on August 22, 2023, marking its official entry into new energy vehicle manufacturing.
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Kaixin Auto Holdings Announces Resignation of Director

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Kaixin Auto Holdings announced that Mr. Lin Cong has resigned from the Company's Board of Directors, effective October 30, 2023. Mr. Cong resigned for personal reasons and not due to any disagreement with the Company. Kaixin's chairman expressed gratitude for Mr. Cong's contributions.
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Kaixin Auto Holdings Announces Unaudited First Half 2023 Financial Results

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Kaixin Auto Holdings announces unaudited financial results for the first half of 2023, with total net revenues of $18.9 million, a 43% decrease from the same period in 2022. Gross profit remains stable at $0.2 million. Loss from operations improves to $4.1 million compared to $32.8 million in 2022. Net loss attributable to the Company improves to $4.5 million from $70.6 million in 2022.
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FAQ

What is the current stock price of Kaixin Holdings Ordinary Shares (KXIN)?

The current stock price of Kaixin Holdings Ordinary Shares (KXIN) is $1.64 as of December 20, 2024.

What is the market cap of Kaixin Holdings Ordinary Shares (KXIN)?

The market cap of Kaixin Holdings Ordinary Shares (KXIN) is approximately 3.0M.

What is Kaixin Holdings' primary business?

Kaixin Holdings specializes in the sale of luxury used cars and imported new cars, and is also involved in the development and sales of electric vehicles.

How does Kaixin generate revenue?

Kaixin primarily generates revenue from the sales of used cars and from fees obtained as a channel partner for third-party auto financing and value-added services.

What recent strategic changes has Kaixin made?

Kaixin has transformed into a new energy vehicle manufacturer, focusing on electric vehicles and leveraging advancements in autonomous driving and AI technologies.

Who is the current CEO of Kaixin Holdings?

Mr. Mingjun Lin is the Chairman and CEO of Kaixin Holdings.

What notable expertise does Kaixin's team possess?

Kaixin's team includes professionals with rich experience in research, development, production, and marketing of electric vehicles.

What international partnerships has Kaixin established?

Kaixin has partnered with Myanmar's New Power Auto, aiming to enhance China's automobile export growth and expand its international market presence.

How does Kaixin contribute to sustainability goals?

Kaixin is committed to achieving peak carbon emissions and carbon neutrality by producing new energy vehicles and adopting sustainable practices.

What kind of vehicles does Kaixin produce?

Kaixin produces multiple electric passenger and logistics vehicle models.

What is Kaixin's role in promoting autonomous driving?

Kaixin is actively involved in the innovation of next-generation autonomous driving technologies, aiming to integrate these advancements into their new energy vehicles.

What are some recent achievements of Kaixin Holdings?

Recent achievements include the onboarding of Mr. Lei Gu, a seasoned expert in automobile R&D, and the strategic transformation into a new energy vehicle manufacturer.

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Kaixin Holdings Ordinary Shares

Nasdaq:KXIN

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KXIN Stock Data

2.97M
2.87M
2.35%
0.27%
9.75%
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CHAOYANG DISTRICT, BEIJING