Business
Kaixin Auto Holdings Announces Appointment of Senior VP in Charge of New Energy Vehicles Business
BEIJING, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the appointment of Mr. Lei Gu as
About this update from Kaixin Holdings
[{"type":"text","content":"BEIJING, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the appointment of Mr. Lei Gu as Senior VP of the Company in charge of the new energy vehicles department. Before joining Kaixin, Mr. Lei Gu served as the vice president and chief engineer of BAIC Motors, a Fortune 500 company, and the president of Beijing Automotive Research Institute. He also served in multiple senior positions with other companies, including senior technology expert with Ford Motors, president of Cherry Automobile Research Institute, director and general manager of BAIC Mercedes Benz Technology Center, and president of Lingtu Motors. Mr. Lei Gu received a Ph.D. in Mechanics from the University of Science and Technology of China and a Ph.D. in Mechanical Engineering from Northwestern University. Mr. Mingjun Lin, chairman and CEO of Kaixin, said: \"Mr. Gu and his team possess outstanding capability and track records in the auto production, manufacturing, and sales areas. Their joining Kaixin will definitely generate excellent performance for the company!\" 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. Safe Harbor Statement This announcement may contain forward-looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements. Among other things, the business outlook for 2021 and quotations from management in this announcement, as well as Kaixin’s strategic and operational plans, contain forward-looking statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (\"SEC\"), in its annual report to shareholders, in press releases and other wr...