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Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs
BEIJING, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and
About this update from Kaixin Holdings
[{"type":"text","content":"BEIJING, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar. The first batch of 100 vehicles will be shipped to Myanmar shortly. Moreover, Kaixin has also obtained a five-year authorization from the Myanmar company as its strategic partner for the export of complete and SKD vehicles from China. Founded in 1982, New Power Auto has operations in various business sectors, including automotive trade and manufacturing, automobile maintenance, e-commerce, international trade, logistics and transportation, government projects, mining, etc., and has established a solid market position in industrial machinery and manufacturing. The company operates 9 major showrooms and 26 secondary dealers covering various cities across Myanmar. Mr. Mingjun Lin, chairman and CEO of Kaixin, said: \"New energy vehicles have become the core driving force for China's automobile export growth. This partnership with the Myanmar merchant is a major business breakthrough for our company’s auto import and export trading platform. Overseas expansion to new markets is Kaixin's strategic focus in 2024.” About Kaixin Auto Holdings Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China, equipped with professional teams with rich experience in R&D, production, marketing, and production facilities with the capacity for stamping, welding, painting, and assembly operations. Kaixin produces multiple electric passenger and logistics vehicle models. The Company is committed to building up a competitive international market position that integrates online and offline presence and diversified business operations. Leveraging the expertise of its professional teams and driven by the inspiration for innovation and sustainability, Kaixin aims to contribute to achieving the goals of “peak carbon emissions and carbon neutrality”. 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,\" \...