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.
Kaixin Auto Holdings (NASDAQ: KXIN) has commenced operations at its new energy commercial vehicle headquarters in Suzhou City, Anhui Province. The local government’s supportive policies are expected to enhance the development of Kaixin's electric vehicle (EV) business. Recent achievements include the launch of the "TECROLL" EV brand and the delivery of the first electric logistics truck. Anhui Province offers significant backing to the new energy vehicle sector, with Suzhou’s city council prioritizing Kaixin's efforts in its "14th Five-Year Plan," providing various incentives.
Kaixin Auto Holdings (NASDAQ: KXIN) has secured $700 million in investment commitments from institutional investors, aimed at facilitating its acquisition of a new energy vehicle manufacturing company. The investment will be in the form of convertible preferred shares, priced at a minimum of $2.00 per share. Since establishing its new energy vehicle department in August 2021, Kaixin is advancing in negotiations with potential acquisition targets. The Chairman, Mr. Mingjun Lin, emphasizes the importance of this capital to support the acquisition process, with an announcement of the target company expected in August.
Kaixin Auto Holdings (NASDAQ: KXIN) launched its 'TECROLL' brand of new energy commercial vehicles on July 28, 2022, in Beijing. The first model, an aluminum electric logistics truck, is customized for Beijing Bujia Technology Co., Ltd. Designed for efficiency, it boasts superior electrical components, fast acceleration, strong climbing, and low energy consumption. The annual sales volume of commercial vehicles in China is approximately 5 million units, indicating a significant market opportunity for Kaixin in the electric vehicle sector.
Kaixin Auto Holdings (NASDAQ: KXIN) has launched the brand TECROLL for its new energy commercial vehicles and delivered its first electric logistics truck. TECROLL symbolizes continuous progress and aims to meet the growing demand in the Chinese market. In partnership with Beijing Bujia Technology Co., Ltd., Kaixin has started the delivery of an order for 5,000 electric logistics trucks. This initiative marks a significant step in Kaixin's transformation towards becoming a key player in China's electric vehicle sector.
On July 5, 2022, Kaixin Auto Holdings (NASDAQ: KXIN) announced the resignation of Mr. James Jian Liu from its board of directors, effective June 30, 2022, due to personal reasons. Mrs. Lucy Yi Yang, the company's CFO, will take over as a director starting August 1, 2022. Mr. Liu has been a board member since the company’s inception, and the board expressed gratitude for his contributions. Kaixin continues to focus on transforming into a significant player in China's electric vehicle market while maintaining its presence in the premium used car segment.
Kaixin Auto Holdings (NASDAQ: KXIN) has appointed Mr. Lei Gu as a strategic advisor to spearhead its new energy vehicle business. Mr. Gu holds extensive experience in the automotive sector, having previously worked with Ford Motor and BAIC Motor. The Chairman and CEO, Mingjun Lin, expressed confidence that Mr. Gu's expertise will significantly enhance Kaixin's new energy strategy implementation. Kaixin is evolving from a dealership network into a key player in China’s electric vehicle market, capitalizing on the growing demand for used cars and electric vehicles.
Kaixin Auto Holdings (NASDAQ: KXIN) has signed a sales order with Beijing Shencheng Biotechnology Group for 10,000 electric trucks valued at US$600 million, to be delivered between 2023 and 2025. The trucks are intended for Shencheng's waste recycling operations across several Chinese provinces. This agreement follows a previous intent established in December 2021. Kaixin plans to develop custom prototypes in the latter half of 2022, aiming for mass production next year. The management views this contract as a testament to their strategic focus on customized new energy vehicles.
Kaixin Auto Holdings (NASDAQ: KXIN) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 29, 2022. Shareholders can request a free hard copy of the audited consolidated financial statements. Kaixin operates as a primary dealership network in the premium used and new car segment in China, focusing on the electric vehicle market amid the growth of the used car market. This report may contain forward-looking statements subject to risks and uncertainties.
Kaixin Auto Holdings (NASDAQ: KXIN) has entered a strategic partnership with Beijing Camping Club Sports and Culture Communication Co., Ltd., committing to supply at least 20,000 new energy vehicles over five years. This order holds a value of approximately 6 billion RMB (around $938 million). The Camping Club, a significant player in China’s sports and leisure tourism, plans to enhance its offerings with new energy RVs, tapping into China's booming RV and camping market, which is projected to become a trillion-dollar segment.
Kaixin Auto Holdings (NASDAQ: KXIN) has signed a significant sales order with Beijing Bujia Technology Co., Ltd. for 5,000 new energy logistics vehicles, valued at 1 billion RMB (approximately $156 million) across 2022 and 2023. This agreement marks the initial phase of a larger 10,000-unit order established in 2021. The strategic partnership aims to enhance Bujia’s logistics capabilities with Kaixin’s customized vehicle production, thereby fostering growth potential for both companies. A joint vehicle rendering release is planned at the 2022 China Carriers Conference.
