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Kaixin Holdings - KXIN STOCK NEWS

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

Kaixin Holdings (KXIN) delivers innovative solutions at the intersection of luxury auto retail and next-generation electric vehicle production. This news hub provides investors and industry observers with essential updates on corporate developments, technological advancements, and market strategies.

Access real-time announcements including quarterly earnings disclosures, manufacturing milestones in autonomous driving systems, and strategic partnerships within the sustainable mobility sector. Our curated collection features press releases about new energy vehicle launches, operational expansions, and leadership updates that shape KXIN's position in global markets.

Key focus areas include breakthroughs in AI-powered automotive technologies, regulatory compliance achievements, and cross-border collaborations impacting both luxury car sales channels and EV production capabilities. Subscribers receive alerts about material events affecting the company's dual business model spanning high-end retail and advanced manufacturing.

Bookmark this page for streamlined access to Kaixin Holdings' official communications, supplemented by contextual analysis of industry trends influencing the electric passenger vehicle market and premium automotive services.

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 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 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 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 (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 (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 (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 (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 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 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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Nasdaq:KXIN

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13.03M
8.85M
2.35%
0.81%
9.45%
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CHAOYANG DISTRICT, BEIJING